Chris Viscaya is a head trader at OPIVO Stock Trading OPIVO Trading specializes in trading a unique pivot point strategy on stocks with options offering a subscription service as well as a home study course.
Believe it or not, good Options trading newsletters and Stock trading newsletter have helped people make a lot of money from the stocks and options markets while saving them considerable fortunes by trading on their own.
The best trading newsletters encompass all the fundamentals of great trading in their service that in turn helps you form top-notch trading habits. Besides making money, forming great trading habits taught by professional trading newsletters (and not all newsletters are taught by professional traders) can be one of the most valuable things you pick up from your subscriptions.
And just for the record stock trading newsletters or option trading newsletters are also called stock trading advisories or option trading advisories, or stock pick newsletters, option pick newsletters, stock trading membership site or option trading membership site etc. you get the picture.
The question is, "How do you find a good Options trading newsletter or Stock trading newsletter?"
Well first all, what kind of trading style do you want to trade? Here are the varieties that are available:
- Swing trading stocks and options
- Intraday trading stocks
- Pivot point position trading on stocks and options that aim for explosive five day to one month moves with well-defined stop losses
- Trend trading that takes advantage of two to four week trends and three to six month trends - trading stocks and trading options
- Then you have the various options strategies, complex option combinations, credit spreads, covered calls etc.
The best services first focus on stock price movement. These top-performing services combine technical analysis, chart pattern set ups, anticipation of opportunities on the charts in addition to combining other price motivational factors such as earnings season cycles, stocks splits, seasonal runs, trends of the indices etc.
The best services have a decent track record. That said don't get too caught up in a track record because some services may fake their track record. Bottom-line is that the philosophy of the service must make sense and must meet common sense. In other words their approach to capturing trading profits must make sense. Ultimately, if you like what you see, the best test will be to take a trial and paper trade their service. Don't use real money but pretend like you're trading in real time with real money.
When you're testing a stock trading newsletter or option trading newsletter make sure you give it a fair shot. Remember, once you find a good service that service could make you a lot of money. In fact, through known acquaintances that wish to remain anonymous, some subscribers to certain newsletters say they have made millions of dollars trading stocks and options through those particular newsletter trading ideas. So keep positive about the potential of some of these trading newsletters. There are actually good newsletters out there.
Really, the key to finding your Stock trading or option trading newsletter 'golden goose' that lays the 'golden eggs', is to search in the search engines, search through blogs, forums and review sites. Often when you read review, that person may be a little biased because they may be promoting a particular newsletters affiliate program but it's worth checking out. Additionally there are many advisories listed in trader magazines you'll find in your local bookstore.
The bottom line is that you see something that looks interesting you must give it a shot. Don't trip over pennies on your way to thousands of dollars. If something looks good sign up, receive their updates and paper trade. This way we'll be doing complete research and you won't leave behind something that could have even provided you financial freedom.
Paper trading, which is pretending that you are really trading but without the use of real money, is definitely the best way to get started with any trading service, especially if it is in active trading service. Using real money can cloud your judgment because real money pulls strong emotions into your evaluations.
Start doing your research for your 'golden goose' stock trading newsletter or options trading newsletter today. Imagine the possibilities if you find one!
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