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Thursday, April 7, 2016

Stock Market update - Yuge Announcement

Launch of @3Xtrades

First: Wednesday's trade 4/6/18 was incredible. Called for a rally in oil and biotech (a double) the night before, and the rest is history, but that's not the big news!


The Prelude

Traders, as most you already know there's a hotly contested election going on, and I'm a self proclaimed "political junkie", but at this point the ol' twitter feed has become more of a platform for Trump supporters, and conspiracy theorists, than for Traders. I mean, I've always had a mix of folks following me - on Twitter - for one reason or another, but it was getting to the point where I was afraid to post too many alerts, and charts, fearing I'd lose followers - 90% of whom don't even trade!

After you've been on twitter for a while, a funny thing begins to happen; you can end up with lots of followers, only to be left asking yourself, "who are these people and why are they following me?" There's also the issue of trolls (haters), and plagiarizers', not to mention the sharks (shady hedge funds), who would like to play us (retail investor/traders) for fools, and use us as contrarian indicators. Twitter is awesome for sharing information, but at some point you want a little privacy, and volume control. At least I do.

So, I've been kicking around the idea of building a website, like the one we used to have, for a while now, but running a website is a full time job, and somebody has to do the charting right? I even started playing around with some web templates, but it's just too much work for any one person - to be the technician and the web builder - as I learned a few years ago. Every minute wasted, blogging, website building, and managing members, is time that should be spent charting and focused on the technicals, and there's enough stress that comes along with this business as it is.   

The Announcement

New Game Plan: New private Twitter feed @3xtrades, not to be confused with the old one @3Xtraders. It's already up and running and a few old friends, and a few new ones, are already on board.

Better than a website:
1. Zero build time and zero frustration.  It took me a day to set it up;
2. Doesn't cost me anything out of pocket;
3. Market updates (especially in the morning) can be done on the fly, in real time. I used to spend two hours doing an extensive market update before each market open, and looking back on it now, I can tell you, "it was a big waste of time";
4. Allows me more time to focus on what I'm best at, charting;
5 Twitter loads quickly, and refreshes itself in real time.
6. It's very mobile friendly;
7. No lengthy and intrusive signup required to join. No 30 day free trial BS.

I guess the only downside might be that it's one more place folks have to go in order to follow me, and @3xtrades may not turn up in, "3Xtraders", search results.

To get in just: Updated 12/13/2016 - starting January 1, 2017, new followers must make a donation to follow @3Xtrades), click on the "follow button", and once I receive payment, and get the request I'll buzz you in. See the FAQ page in the top tabs menu.

Trading has somehow become my life's work, so naturally I want to protect it to some extent, and hope to one day be financially successful doing this. If that means I gain 200 loyal followers, and they each throw me a bone each month? Who knows, but if I give it all away for free, that's exactly the value people are going to put on it. 

Buy offering a private site, to serious traders, I hope to be able to provide membership quality service. If you're not happy with it, then nothing lost. I don't like being pressured into signing up for anything, as much for the next guy/gal. If you don't want to, or can't afford to support the cause that's fine too. I already have a few folks who send me recurring donations, so the new plan, is also a "thank you" to them.

If you still want to follow me on the old twitter feed, you are more than welcome, and if we share common interests that's great. For the folks who can't stand by views, then you're going to like @3xtrades for the simple fact that it's just charts, and technical analysis; no politicking, no conspiracy, no nonsense.  I'll still post a few charts to @3Xtraders once in a while, and talk about markets, but serious traders should follow me

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