Welcome to the new website! There are some important new additions and features that you will want to familiarize yourself with. We are no longer going to send out emails when a new bulletin or article is posted. Why? Because we intend to post articles every single day. Each week I'll post a special weekly article in the WSW Power Investor section in which I give an overview of the state of the market, which sectors I am focused on, and what I am doing with my own portfolio. This article is going to take the place of the normal weekly 'Market Bulletin' on the old site. You'll just need to log in every Monday morning before the open to access it.
The Top 10 List of Small Cap stocks is now "Small Cap Monsters" and you can access it from the left column. We also have replaced the Top 10 List of Big Caps with the Power Portfolio. This is my actual personal trading portfolio and I'm going to post updates whenever I make a trade on it on the website. You can get email notices of when these updates are posted by going to 'my account' and then turning on the email newsletter called Market Alerts. Just click 'my newsletters' under manage subscriptions.
We want this site to be unique and for it to become your main source of information for the stock market. As far as I know, there is no one on the Internet who posts their real portfolio and updates it in real time. Most people just have a recommendation list.
I think you'll benefit much more from this new system. There are innate problems with recommendation lists. For instance, if you were to sign up for Tobin Smith's Changewave Investing service he would tell you to just buy a "little bit" when he makes a recommendation and then "average down" (ie buy more shares) if his pick drops. If one of his stock picks drops and drops he rarely tells his people to sell. Instead he puts them on his "legacy list" which is populated with horror stories.
Anyone with a basic understanding of successful investing knows that you DON'T want to average down on losers, but average up on winners. You make money by holding winners and selling losers, not by doing the opposite, which is what his system encourages.
I don't think this is a problem with Smith himself though. I'm not trying to pick on him personally, but am just using him as an example because he is so high profile. This is the type of thing almost all newsletter writers do. I think these are problems with all services that give you a list of Recommended Stocks.
I think I can better serve you by showing you as much of what I'm doing as possible. I think you can benefit more by seeing my real personal trading portfolio and by watching how I manage it, not only in good times, but in bad times also.
Most people who have recommendation lists also use them to hide how they are doing in the bad times. They hide their own real performance from their readers and for them that's a big marketing bonus. It's easier to sell hype than reality.
Because the reality is that no one makes money every week or every month in the market. There will be times when I'll go through losing periods in my portfolio and I think it is just as important for you to manage through those times as it is to know what to buy when the market is going up.
Instead of helping people manage and survive, most services just try to replace people who lose their money and unsubscribe. My subscriber base has grown to a point where I don't really care if it keeps growing. I could make it grow much larger, but that would mean trying to attract the mass audience through hype. I'm not interested in writing hype.
I want to write things of real substance. I make more money in the stock market than the website anyway and would rather just concentrate as much as I can on that and let the website follow.
I'd rather have a few hundred elite investors following me than tens of thousands of people who aren't going to last in the market. And if I'm going to read, think, and write about the markets I'm going to use it as a way to help myself organize my thoughts and not just hype people up like everyone else.
We've also added a message forum, blogs, and places for you to give us direct feedback on this new site. As far as I know, no other newsletter writer does that either. Cramer doesn't have a message board where everyone can make comments back to him and have everyone else read them. The technology is out there for anyone to do this easily, but people are scared. Changewave bills itself as a "Changewave Alliance" but the members of this alliance don't talk with each other. They just fill out surveys which are then reinterpreted by Smith.
My idea is to make this more of a real community site, where I can answer your questions when time is willing and you can help each other out too. One new feature are the blogs. You can use this to record your own thoughts and stock ideas and keep a history of them. You can make it your own personal diary on the market and share ideas with all of us if you like.
Although we are in the process of switching the wallstreetwindow.com domain over to this new site, the site is still evolving. There are features in it we are still putting together and we are looking for any feedback you may have about it. Some good ones have already been provided about the navigation structure, but I'm sure you may have more.
With the new forums, a lot of what this site will become will be dependent upon the people and quality of posts on the site. I think we will have an exciting couple of months ahead of us in the gold market, but it's going to be even be more fun for all of us to get to know each other better and enjoy the ride together.
When you login in the first time click the getting started link on the left sidebar.


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