Why Stock Trading Newsletters Do More Harm Than Good..For Some People:
The reality of the situation is that some subscribers to Jason Bond Picks do indeed fail. And that doesn’t apply just to JBP, subscribers to every stock trading newsletter fail. But who’s to blame for this – the newsletter itself or the subscriber?
Here’s the ugly and unfortunate truth – it’s usually the subscriber. And the cause typically boils down to a refusal or aversion to learning. As exciting as it might be to think that you can simply copy an expert’s alerts and make money with little or no work, in most cases, that type of mentality results in disaster.
Jason Bond Picks is Not a “Get-Rich-Quick” Strategy – The Focus is on Education:
A lot of people turn to the stock market thinking that it could potentially be an “easy” way to make money, and it’s complete nonsense. There’s all kinds of automated software/trading systems out there being pushed on innocent people making them think they can earn money on “autopilot”. It’s all just too good to be true.
Now I’m not here to argue that automated trading systems can’t work, but they still require understanding and monitoring. Jason Bond Picks is not an automated trading system – the goal is to teach traders expert strategies so that they can eventually experience success on their own. “Blindly” following is not recommended. Education trumps ignorance on Wall Street.
Here’s the Core Problem – Everyone Wants to Find the “Easiest” Way to Make Money:
Why take the time to learn something when you can just copy someone else and make money? There’s no reason to understand why Jason Bond is making the trades he makes – you can just copy every trade he makes and be successful, right? What an easy way to make money that would be – and this is where people fall into the trap.
Here’s the problem with that mindset: 1. You may not have the same portfolio size, 2: You may not have the same risk tolerance, 3. You may not have the same availability during market hours, 4. If you miss even 1 trade Jason Bond makes, you’ve tainted the expectancy of your trading system, 5. It’s possible you might miss alerts due to technological failure, and the list goes on and on.
The point is, you need to be in control of your portfolio, armed with knowledge , and ready to leverage that knowledge to your advantage. It’s the application of concepts, not blindly copying, that will set you free as a trader. And the application of concepts can only come through education and experience. Just because you subscribe to something won’t make you automatically successful, it takes a degree of effort on your part to do what’s necessary to achieve your trading goals.
Jason Bond Picks Isn’t Perfect Either – It’s Not For Everyone:
While Jason Bond Picks does a pretty good job at offering a few different service offerings that appeal to different trading styles, the fact is, it’s not a “one size fits all” newsletter. All of the services offered (including day and swing trading) are inherently active, which can be too fast-paced for some people. Jason does offer a long-term trading service as well, but it’s still relatively short term, consisting of hold times of weeks to months. If you’re looking for long-term “buy-and-hold” investments for a year or more, Jason Bond Picks is not the service to look at.
Jason Bond’s focus is on active trades due to the volatility, and as a result, higher profit potential. Long-term “buy-and-hold” can return about 5-10% per year with a fairly passive approach, but active swing trading can return 25-50%+, which is what makes it so appealing. In 2015, Jason Bond nearly finished the year with a 200% total return, coming up just short at 190% – that’s impressive, and for the most part, impossible to achieve with a long-term approach. It really comes down to your personal preference, lifestyle, and dedication to learning.
Conclusion – “Blindly Copying” is a Major Reason For the Lack of Success Amongst Some Subscribers:
At its core, Jason Bond Picks is about members being able to take control of their trading success through education: video lessons, webinars, chat rooms, watch lists, live trading, DVD courses, conferences, real-time alerts, and more. Jumping in and thinking that all you have to do is copy the real-time alerts will most likely not result in success, especially since Jason bond is implementing such an active strategy. Depending on your availability during market hours, by the time you receive the alert and are able to place the trade, it might be too late.
If you have an understanding of the techniques and concepts Jason Bond uses in deciding to enter and exit positions, then you should have no problem applying his strategies on your own. The educational materials are provided for you to succeed, so it’s completely unnecessary to attempt to copy the real-time alerts. Jason Bond’s ultimate intention is to “give a man a fish…”
Are you willing to learn trading concepts and apply them on your own or blindly copy someone else? The latter can be quite dangerous.
Written by Matt Thomas
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