IBD today has an article about a service from ZepInvest, they resell investment newsletter info. Pay them $600, get access to 85 newsletters. They offer some time for free as do many. What do you think of this?
TMI! If I do not have a game plan with how I am going to trade, how the flip will I come up with anything worthwhile reading over 85 newsletters? Too much data to sort through.
Having said that, I do think that I have learned from looking at some services and think I will share my thoughts on what I have seen.
Motley Fool book was one of my first, NFLX trade came from them. Good tips, good community, poor timing of things as they relate to technical analysis. My guess is they have some winners like everyone. I do not think I ever paid them.
Dan Zanger: perhaps a great trader. 4 nights a week get email of pics with analysis of them and the general market. Includes a chat room real time with hundreds of others. I have twice subscribed for long periods. Suggested reading resources are top notch. Current market not good. Tough to tell if there is any front running, can't judge performance of traders in chat. I finally stopped this one the 2nd time realizing that it was still too much info for me, I wanted to trade and took too many on the fly. Give this one a whirl for free newsletter, then decide for yourself.
Breakout watch. Similar to above in service, with real time email alerts (TMI again). Perhaps some good picks, generally thin issues. Sign up for this one once and you will get weekly commentary sent on the weekend.
I currently get Gilmo report. He wrote short sale book for IBD, used to work for them. I think he managed some money on his own. Cheaper than Zanger, no real time interference, much better market commentary, tells you what he owns from current newsletter. You have to go to his site to pick up info which is released just twice a week. For now more my pace.
I also get the IBD paper, follow big picture like a nut. Overall I think that the winning trades from advisory services made me a lazy inefficient overconfident trader.