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Dear Hyrum,
I think my post was very relevant to trading. It addresses the psychology that
people bring with them to the markets. Everything I said in regard to subscriber
behavior is just another manifestation of
the same psychology that shapes how and why people trade. Furthermore, I think it is
important that traders give some thought as to how any advisory service they employ
interfaces with the psychology of their trading.
I don't know what you mean by my "e-business". I have no website.
Psychologically,
Norman
MS wrote:
> Hello nwinski,
>
> To the both of you...Please remember that this is a list for a
> conversation about trading...NOT your e-business. Please halt this
> conversation here and now.
>
> you wrote:
>
> > Phil Lane wrote:
>
> >> I thought I'd pick up a little spare change by selling subscriptions to a
> >> stock market page. I think i've paid my dues and am well qualified to author
> >> such a publication. But something is wrong. For starters, I get around 700
> >> hits per day but only about 1 free trial every 2 - 3 months.
> >>
> >> To my amazement, I actually picked up a trial subscriber last Tuesday. On
> >> Wednesday there just happend to be a special situation in a stock - I put it
> >> in my report. Thursday the stock opened unchanged. It closed the day up 10%.
> >>
> >> But then Thursday night I get the cancellation notice! And now btw the stock
> >> is up 26% from where it opened on Thursday morning.
> >>
> >> So I'm just trying to figure out, what DO they want???? I can't do much
> >> better than that.
> >>
> >> Let me assure you, I'm NOT trying to pick up customers from the RT list -
> >> people here are interested in doing it themselves! But I really would like
> >> to hear about it just in case anyone has a theory as to what the problem
> >> could be.
> >>
> >> thanks, phil
> >> http://www.patterntrader.com
>
> > Phil,
>
> > Welcome aboard the advisory biz. I have been doing it for 22 years. Don't
> > assume that people are rational, because most aren't. There are all kinds of
> > factors involved in someone becoming and remaining a subscriber and many of them
> > have little to do with how you perform your job. First of all,
> > aren't in the market to make money. They only think they are. The real reasons
> > are to get some excitement out of their otherwise boring lives or to vent some
> > neurosis left over from their childhood.
> > The most successful market advisors are not necessarily the best performers for
> > market research.
> > Some of the top ones have dismal track records. But, they are great marketers,
> > with lots of pretty charts, exciting verbiage, and good colors.
>
> > Ok, let's say you do have been doing great job with your market advice and
> > you find that one in a million customer who is not too screwed up to take your
> > excellent advice, actually does it and makes money. But wait! 50% of all
> > marriages end in divorce, so he cancels saying you did great job but because of
> > his divorce, he will have no money....it goes on and on. Good Luck!
>
> > Oy Veyingly,
>
> > Norman
>
> --
> Thank you,
> mark
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