Just a quick reminder that the new Twitter timeline feed located on the left sidebar of the home page contains additional market commentary, trade ideas, updates to existing trade ideas, as well as other content such as occasional links to trading or investing related articles & videos that might be of interest.
As trading & investing websites are a dime a dozen, when I started Right Side Of The Chart in 2011, I wanted the site to be different. My mission was to provide both timely & actionable trading & investment ideas as well as streamlined & unambiguous market analysis. While that might sound like a mouthful or maybe a bit cliché, I strive to stay as true as possible to that mission statement:
- Timely: For those that have followed RSOTC for a while, you might have noticed that a good percentage of the trade ideas posted here go on to trigger an entry within days or even hours of the trade setup being posted. I will often follow a particular stock or sector for months or even years, waiting for the charts to setup in a well-defined technical pattern offering a clear trigger (breakout or entry) for the trade.
- Actionable: One of the driving factors that lead me to start RSOTC was the nearly endless amount of what I call “fluff” out there in cyber-land. Over the years I’ve come across countless numbers of websites & newsletters providing market analysis and even a few bold enough to share trade ideas but I struggled find a service that continually provides explicit entry points and more importantly IMO, exit points on a trade.
- Streamlined: No fluff. No extraneous fillers. No politics, religion, pictures of my kids & pets, op-ed’s, etc… Just what I find to be relevant to trading & investing at that time.
- Unambiguous: Although there are times when I just don’t have a decent read on the chart or can’t make a solid enough case to be bullish or bearish/long or short a position or the markets, I work to determine what I believe at the time is the most likely scenario and then do my best to present a supporting case to be bullish or bearish while striving to avoid the all-to-common C.Y.A. analysis (e.g.- XYZ might go up if this happens but it also looks poised to drop if that happens….), then jumping on whichever of the opposing scenarios plays out. Hindsight analysis is rarely dispensed here other the occasional educational take-away of why I should have done this or that instead of what I actually did or previously stated.
One of the reasons that I decided to finally join the 21st century & start a Twitter feed for RSOTC was the ability to quickly & more efficiently share updates on existing trade ideas, market developments, articles or videos I’ve come across or others have shared with me that might be of interest, etc… Most trade ideas, important market developments/observations, or anything else worth mentioning will still continue to be published as a post on the site, with immediate email notifications for new posts as well as the new daily email digests available. However, the Twitter feed allows the ability to very quickly send out an update on a trade idea or a development in the market, a process which typically takes over 15 minutes or more when one or more charts need to be annotated, optimized, & uploaded in addition to the composition of the post.
For example, this afternoon I Tweeted a link to a short video on the student debt bubble. Although not a time-sensitive or actionable Tweet, I found the video to be worth passing along as the parallels between the housing/mortgage bubble and the student debt bubble are eerily, or I should say ominously similar. The video also paints a bearish outlook for many colleges (here’s an article from IBD listing numerous publicly traded colleges for those interested).
Although I agree with the longer-term bearish outlook for colleges from the fundamental case they made, just like the housing bubble, it can take many months or even years to play out if it does. I plan to review the charts of some of the publicly traded colleges but my point here is that the bearish fundamental case made in that article, although seemingly credible & most likely valid, as with most fundamental analysis it is not timely and actionable.
Many a trader shorted tech stocks with insane valuations and zero profits well in advance of the March 2000 tech bubble peak just as many with similar foresight started shorted housing stocks & banks well before the financial bubble & stock market topped in Oct 2007. Timing is everything in trading, especially when trying to catch the top of a bubble or bottom of a crash: even being just months, weeks or at times, just a few days too early can lead to huge losses that one may not be able to bear.
With that being said, the Twitter feed will act as a venue to post both timely as well as some not-so-timely, but interesting content that I would not normally publish on the site in order to keep the content on RightSideOfTheChart.com as streamlined and efficient as possible. No need for the part-time trader or casual investor that only checks the site occasionally to have to sift through a lot of extraneous content to get to the ideas that might help them make money today but for those interested in additional content, make sure to check the Twitter feed from time to time.