Introduction – Great Wall Street Newsletters:
It’s clear that not all stock trading newsletters on Wall Street are the same. Some are solely alert services, while others offer a full range of educational components, such as video lessons, webinars, and video lessons. Some are free, while others can be quite pricey, ranging into the thousands of dollars. And some are scams, while others are thoroughly legitimate. Here’s a list of five elements, that when combined, can produce an extremely valuable stock trading newsletter:
1. Educational Materials: Forget about the twitter guys that act like they’re experts or email blasts from shady penny stock pumpers that provide vague alerts. Don’t fall far the “get in this trade before it goes to the moon!” routine. This is all hogwash and seems much too good to be true, because it is. There’s no real value in services, if you can even call them that, like this.
A genuine stock trading newsletter rooted in education, as opposed to manipulation, will offer a private chat room, webinars, video lessons, 1-on-1 training, daily watch lists, etc. Put it this way, if you’re not overwhelmed by the opportunities to learn and grow into a successful trader on your own some day, then that newsletter isn’t offering enough value.
2. Real-Time Alerts: I always discourage the approach oftentimes implemented by beginners to join a newsletter simply to copy alerts exactly because it’s a flat out bad idea. Blindly following someone else’s trades without any knowledge of the market, even if they’re an expert, is a huge risk in my opinion. You want to have a solid educational foundation before following anybody’s strategy because your money is on the line, and you should have a decent amount of control and a sense for how to be successful.
And I’m not saying this to downplay the importance of real-time alerts. They are a fantastic source of information by relaying warnings, sharing high-potential opportunities, and delivering detailed buys & sells to followers quickly via email and text. Overall, they’re a great source of visibility, confirmation, and of course, education (assuming you already have a trading foundation).
3. A Passionate Teacher: For some, researching stocks and studying chart patterns are both topics that can tend to get a little dry. In order to avoid a lack of focus and drive, it helps immensely to have a passionate personality providing instruction. Just think about your favorite school classes from back in the day. In all likelihood, the fact that you enjoyed the class had less to do with what topic the class was about, and more to do with how the teacher presented the information, interacted with students, and provided an environment for you to learn in a fun, enjoyable way.
Not everyone can be both knowledgeable and motivational. I’m sure you’ve had your fair share of teachers that clearly know their stuff, but simply don’t make learning fun or interesting, and there’s nothing worse than that. When it comes to learning a topic that can potentially make you a full-time income somewhere down the line, it can be quite helpful to be able to enjoy the process of getting there.
4. Doesn’t Hide Losses: Being upfront and honest about losses truly speaks to the integrity of a stock trading newsletter. Lying about or hiding losses is extremely dishonest and can lead people to believe that there is some sort of foolproof system out there designed for you to win every single time. I’ll make things easy and let you know right now that this type of system doesn’t exist.
Frankly, it’s unrealistic to expect any trader to never lose money on trades, even experts. Hopefully losses are a rarity and kept small, but they do certainly happen. And hiding from them won’t put money back in your pocket. Being able to review not only successful trades, but poor one’s as well, are outstanding learning opportunities, and can help you avoid them in the future when similar events present themselves. Sweeping them under the rug is not only unethical, but unresponsible. A great stock trading newsletter will turn these misfortunes into positive learning experiences.
5. Trades With Real Money: This is absolutely critical. Just think about it. Do you want to follow some random trader’s strategy who isn’t even confident enough to risk his own real money? What kind of trust, or should I say lack of trust, does that show in their abilities? You simply can’t put your hard-earned portfolio behind someone who isn’t even putting their own money in the fight.
Any legitimate newsletter should willingly provide you with a trading log/ portfolio history/ track record for viewing. This is yet another layer of necessary trust that needs to be displayed so that potential clients know what to expect. Traders can make as many claims as they want concerning the profits they’ve seen in the past, but proof elements of historical performance are paramount.
The Wrap-Up On Great Wall Street Newsletters:
The good news is that I have experience with one stock trading newsletter that fits many, if not all, of the criteria mentioned above: Jason Bond Picks. Jason Bond is the owner of JBP who provides numerous video lessons, private chat rooms, daily watch lists, real-time alerts, and more to his subscribers for his niche swing trading strategy.
After ten years as a school teacher in New York, he decided to pursue his passion of trading on Wall Street. If nothing else, his charisma for both teaching and trading truly shines. He never hides from losses, in fact, some of his video lessons are centered around bad trades. And he absolutely trades with real money, verified by E-Trade. Read my detailed review of Jason Bond Picks to understand exactly who Jason Bond is, what services are offered, and what you can expect as a subscriber.
Please leave any questions or comments concerning Jason Bond Picks, or any other stock trading newsletters, below.
Written by Matt Thomas