Thank you to everyone who took the time to fill our quarterly reader survey. We had 320 responses which is what we usually see.
Jumping right to the results, it is clear you readers are on the whole, happy with the market recaps Mark is putting out each evening.
The 2nd question asked about which online brokers you use (see my broker guide to choosing). The clear favorites are TD Ameritrade, Interactive Brokers, Charles Schwab, Fidelity, ETRADE, and Scottrade. You can compare all six of these brokers using the StockBrokers.com comparison tool.
As for the open responses, first off thank you to all the great comments and kind words, we truly appreciate your support! With nearly 100 comments & ideas, the best way for me to respond is to hit on several quick points:
- We do not provide stocks picks. The newsletter is free, has been free for around a decade if you trace its roots back to the TraderMike days, and honestly we don’t care to have the pressure of being professional stock pickers at this time. This could change down the road, but if you are interested in stock picks, I recommend checking out Dan Zanger’s service or investors.com.
- We keep it simple for a reason. Including dozens of technical indicators, oscillators, etc looks cool on a chart, but it provides little value, especially when backtested. We really appreciate your recommendations for different technical improvements. For us, our market recaps garner thousands of reads each day because of our commitment to simplicity. It’s our bread and butter.
- We focus primarily on the big picture. This means the major indices (I personally do not care for the DOW which is why it is rarely included) alongside sectors and commodities coverage via ETFs when pertinent (see a list of inverse ETFs alongside long ETFs). We also include the McClellan Oscillator to show short term traders some love (I agree, we could include this more often), and include any story stocks to wrap up. Currencies (forex), futures, and other international coverage is avoided as it steps too far away from our focus. That said, we will sprinkle in International ETFs from time to time when pertinent.
Our goal is to remain objective, present quality information to you, and let you decide thereafter what to do with it.
Again thank you for taking the survey and being a part of the STTG Community.