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Statement of principles

What makes us different from other trading websites and investment newsletters?

  • Value. Your monthly subscription costs about as much as you pay your broker for one or two option trades.
  • Accountability.   Unlike other sites, we don’t just drop trades and walk away.  Phil Davis, David Ristau and Optrader are on-line most trading days to talk to you live.  How’s that for backing up our trade ideas?  We follow our trades through from open to close and we’re there for you to help analyze your own trades and look for ways to improve them.   
  • Exclusivity. You can’t make trades with 10,000 other people - it just doesn’t work! We limit our membership to give everyone a chance to pick up the positions we spot.
  • Community. Come for the great calls…stay for the great conversation. Our active daily forum is unique – no other investment newsletter or trading service has such a busy community of informed members offering their own opinions, ideas, and input.
  • Phil is often an active participant, not just a name on the marquee. If you’re an amateur or professional trader, you’ll find that our members are some of the smartest and most experienced around. No matter who you are, you’ll benefit from the dialogue our subscribers have with each other every single day.

A message from Phil:

There’s nothing I hate more than people who tell you what you would have made if you had done some perfect entry and perfect exit on a trade they vaguely recommended out of dozens that didn’t work out. It’s never going to happen here!

We keep a running archive of every single post and ever single trade idea since November of 2005 so you can see for yourself what you think of our picks!  Do I need your credit card so you can look? No, why should I - the work should stand on their own. If you think they would have helped you in the past then you may decide on your own whether you want to sign up for our daily live site.

 How can we give all that away for free? Because our performance is not a fluke, we do this all the time and we’re pretty sure there will be brand new trading opportunities for us tomorrow - the old ideas you can keep with our compliments!

This is not your run-of-the-mill dry, financial reporting! According to Google, there are 11,500,000 stock picking pages on the web and they all think they’re smarter than us… We don’t try to out shout the masses - we just try to have some fun and make some money!  Now I’ve been told by marketing experts that I need to put in giant letters that say we make more trades, more often than most newsletters (we do), that I should make a big deal about how we try to pick real, well-known companies that are fairly liquid so you can get your money in and (more importantly) out and I’m supposed to make a big deal about beating the markets month after month (we do).  I’m not going to do that…

When I used to look for a financial newsletter I would always read that stuff and go “blah blah blah” in my head until I found some kind of sample of the actual trading. Well, we give you full access to our posted trade ideas and, when you sign up for a FREE trial of the PSW report, you can even view EVERY SINGLE comment and trade idea in our premium member chat from the past 7-30 days.  All the winners and all the losers, not just selected “samples”. There’s also a weekly update free, right on this site and you can take a look most Fridays or Saturdays for yourself and you can check out my style for yourself and decide if it would annoy or please you to read me every day.

All right, so I’m not good at marketing - but that’s not why you’re here is it? I am an amateur investor, like you, who just got sick of all the BS I was getting from all the “professional” services and I decided to start my own. I’m not a broker or a pro trader and you would be nuts to make any trade you read about here without consulting a professional financial advisor as to its suitability for your portfolio… But, if you like to talk about stocks and pick up some tips that might work without all the hype and nonsense - come join us!

So why listen to me? I do have sort of a knack for spotting trends and picking winners and I’m happy to share what I know with you. No other reason. Nothing bad will happen to you if you don’t sign up with us - there is no pressure and this is not a limited offer. Come back any time we are accepting new members - the door will always be open. Looking forward to meeting you, - Phil

 

Phil's Favorites

BLS Seasonal Adjustments Gone Haywire; 11% Unemployment Coming by May?

BLS Seasonal Adjustments Gone Haywire; 11% Unemployment Coming by May?

Courtesy of Mish

Over the weekend I received an email from Irishscot2, a poster on MarketWatch, regarding seasonal adjustments to the unemployment rate. Hi Mish

I believe the seasonal adjustment is no longer valid given that anticipated job creation down the road has not and will not be happening. I expect late spring to reverse the January effect heading into the elections. If so, a perfect political storm brewing because of their models!

Irishscot2

Irishscot2 compared the unadjusted numbers to the seasonally adjusted numbers on a percentage basis. I could not tell much from the raw data he sent, so I asked for his spreadsheet and he gracious...



more from Ilene

Chart School

THE MARKET IS FOLLOWING A SCRIPT YOU CAN PROFIT FROM

THE MARKET IS FOLLOWING A SCRIPT YOU CAN PROFIT FROM 

Courtesy of David Grandey

All About Trends

 

Is The Market Following A Script? If you ask Elliott it is. From Our Recent Blog: "There is also a good possibility that the whole move down off the January highs traces out ABCDE (5 Waves down before all said and done). But we'll take it a step at a time." The S&P 500 chart below has more of a 3 waves (abc) look to it just like we talked about in advance to be on the lookout for. The only problem was it's prime entry took place in the form of a gap and within minutes traced out the bulk of Thursday's move. But still it's all about trends and it's locked in a downtrend channel. One look at last week's action in the OTC Composite below (remember this area of the...

more from Chart School

Trading Goddess

Pivotfarm Support and Resistance Levels 9th February 2009

After dropping from the 1063.75-1064.25 PowerZone just before stocks opened on Monday, the ES was sold on the open and fell to the 1056.25-1055.50 PowerZone.
As stated last night: "if a pullback can hold the
initial support, the up-trends will remain intact and
the market should head back up."
That was reversed and after getting over the 1063.50-1064.00 area the move continued to a 1068.50 high. After a small dip, a 123 top set up from 1068.00 and the ES dropped to the new support at 1064.00-1063.50 zone. A bounce failed at 1067.00 and that was it for the upside. The market rolled over and all of the bounces failed as the ES went trend-down to 1053.00 at the 4pm close for stocks.
The early rally off of a good support area was sold on Monday, and for the second half of the day it was all down hill. After the Friday run-up, that was not impressive for a follow-up. The market is back into oversold status, but for now it looks lik...

more from Goddess

Oxen Group Trades

The Oxen Report: Unemployment Numbers to Boost Market and Continue Rally?

Hello Oxen Report Readers,

Yesterday, I recommended an more from David

The Options Report

By Andrew Wilkinson


Bank of America Bears Buy Puts

Today’s tickers: BAC, PBR, F, FXI, NXY, KFT, DELL & HPQ

BAC – Bank of America Corp. – Bearish option traders purchased put options on Bank of America today with shares of the firm trading 3% lower to $14.52. The number of put options purchased at the March $14 strike price surpassed existing open interest at that strike, suggesting many investors are bracing for continued near-term share price erosion. Approximately 33,000 puts were purchased for an average premium of $0.59 apiece at the March $14 strike. Investors picking up the put options perhaps anticipate B of A’s share price could slip beneath the effective breakeven point on the trade at $13.41 ahead of March expiration. The 12% increase in the reading of options implied volatility on Bank of America to 43.74% today points to increased fluctuation in the...



more from Andrew

Insider Zone


INSIDER BUYING & SELLING REMAINS BEARISH

INSIDER BUYING & SELLING REMAINS BEARISH

Courtesy of The Pragmatic Capitalist

After a brief respite last week, insider buying and selling trends returned to their regularly scheduled bearishness.  The recent market dip has not attracted many buyers to the market as total insider buying for the latest week totaled just $10.2MM.   Total selling surged to $490MM from last week’s reading of $250.1MM.

The insider selling and buying trends continue to reflect the low level of confidence that insiders have in the future performance of their own shares.  This has been best reflected in the continuing weak trends in the labor markets and the...


http://www.insidercow.com/ more from Insider

OpTrader


Swing trading portfolio - week of February 8th, 2010

This post is for live trades and daily comments. 

To learn more about the swing trading portfolio (strategy, membership etc.), please click here

- Optrader

...

more from OpTrader


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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>

About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the Favorites backup site (blogroll, archives, more). Contact Ilene to learn about our affiliate and content sharing programs.

Favorites Site >>