(That’s a little Monty Python reference in the title)
I recently sent an email to people on my blog’s mailing list, telling them that I planned on changing the format, integrating the RSS feed to mail out notices of new blog posts. I also referenced a recent blog post of mine on my motivation for my writings and advisories (read it here), and got some emails about it.
One of the emails was from a current client who is following my Trade or Fade Advisory. He asked me about the difference between Trade or Fade and my other advisory, Swing Trader’s Insight, and which one might be right for him. I realized that what is clear to me might not be clear to others, so I thought I’d lay out what I’m doing in the two of them so you get the information that would help you the most.
Swing Trader’s Insight was my original advisory; I started publishing it in 2001. In the mid 1990’s I subscribed to a fax (remember those?) advisory service from Linda Raschke. Much of Linda’s work was based on the writing of George Douglas Taylor, who developed the Taylor Trading Technique.
Taylor, through Linda Raschke, really taught me about trading and analyzing the markets. Linda had a very common sense approach to trading, and her open exposition of her methods really appealed to me in a business full of “genius traders” with “never before discovered secrets” who promise to teach you how to make a fortune if you pay enough to learn their secrets.
Swing Trader’s Insight started as a copy of Linda’s newsletter. I wanted to learn Linda’s methods for myself, so I could come up with my own analysis, rather than use someone else’s. I’ve always been an independent thinker, and wouldn’t be happy just following someone else. I’m happy to say I think I’ve acquired a good understanding of these methods and how to apply them. I’m certainly a long way from knowing all I need to know, and I’m not sure I’d ever put myself in the same category as someone like Linda. That being said, I am confident in what I do, and what I provide to traders who choose to listen to me.
STI is designed to give you trading guidance according to Linda’s methods. I’ll be happy to answer any questions on the methods or how to apply them to a specific market or situation. However, I’m not currently sending out specific trade recommendations for STI. I believe STI is giving enough information for traders who are seeking to learn these methods or refine their own trading and believe my work has merit. (I’m certainly open to suggestions and advice for how to better help.)
I currently wear a lot of hats – broker, sales, writing, ‘new media’ outlets. Given my current situation, I think I could either be a full time trader or could do all the other tasks. At present, I’m satisfied doing the ‘others’; working with other traders, providing them with education and information for their trading.
The other service, Trade or Fade, came out of one of the set of patterns in STI; the setups and indicators that often precede a breakout, directional move in a market. This is a subset of the patterns in Swing Trader’s Insight. Breakout setups are relatively easy to recognize, and trade entries and exits are probably more objective than STI. Additionally, Trade or Fade provides a set of support and resistance numbers for traders looking for S&R or entry and exit price ideas.
So which would be right for you? I don’t think it has to be an either / or decision, but if you would like to focus on just one, here’s how I see it. Swing Trader’s Insight is likely best for traders with some knowledge of futures trading who are looking for a roadmap to be an independent futures swing trader and need/want to learn to do it for themselves. Trade or Fade would likely be best for traders looking for a specific setup and price levels at which to enter and exit, and might like to save the ‘bigger picture’ concepts for later.
I hope this clarifies things; feel free to contact me with any questions.
The information contained here includes information from sources believed to be reliable and accurate, but no guarantee is made as to accuracy, nor do they purport to be complete. Opinions are subject to change without notice. Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
Copyright © 2009
This feed is for personal, non-commercial use only.
The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint:
f2ea78dd95959aa32f651cec20a16e23)
