I've already messaged a handful of leggo guys on skype, but figured I'd throw it up on the blog anyways.

I'm in the works of starting a trading site, and here's a summary of what'd it be like.

Goal: to provide poker players with the ability to manage one’s wealth, as well as provide education to poker players trying to learn a form of investment. Trading stocks have been highly profitable over a long term and can eventually translate to a larger source of income than poker, helping poker players become less reliant on poker and the uncertainties than come with it. How long that period is depends on the individual, and how tolerant he is to risk.

How the site works: It’d be similar to a CR or Leggo; however it’d only have one main professional trader. The trader has audited results (10yrs) and crushes the market currently, so you are learning from someone that has crushed the games over a large sample, and continues to do so. The trading is done in the stock market, although the concepts you learn are applicable to FX or commodities. Our site will solely educate on how you can become an independent trader in the stock market. The site would not be a fund, and you as the user make all the decisions: amount you want to have as a trading “roll,” how much you want to risk per position, what trades you want to take, etc. We will however, be able to walk you through in the very beginning, and even spoon feed the information. Likely, there will be a daily email with exact buy and sell points for you to take if you choose. Keep in mind, the long term goal is to provide you with the education to do the trading on your own. When you want to take off the training wheels is up to you. If you want to “bumhunt” and just take the positions, you can, and will make money. A monthly fee for membership will be implemented, with a discount for paying for an entire year. The price has yet to be determined. We’re looking at having poker site payments as options as well, which would be sick.

Education methods: many players are looking for some sort of investment vehicle for the money they’ve made from grinding, but it seems most forums are full of people that don’t know how to start. Well this site would be how to start, and will help you bypass a lot of mistakes other’s have made, time and time again. The site would mainly educate by means of short videos (5 to 10 minutes ) with commentary from the head trader, along with the ability to post questions (same as poker videos). There would be daily market wrap up videos, videos on specific positions, and videos covering the past big winners in the market.
Content/Philosophy: The trading methodology is a hybrid of the CANSLIM method, created by William J. O’Neil. This method works the best for us, and has resulted in the best returns for the past 130 years. In short, it’s like playing the JJ+ AK in the poker world, and being able to reload to 1000bbs mid hand after you flop quads. You’re making plays on pretty nutted stocks that have a lot of room to run, with very narrow downside risk (7% max). The specific trading method will be explained in much further detail. This is far from day trading, but as we will show, the returns from using our method will shatter most everything else. To become fully in tune with the market, it does take time. However, you can only read so many poker books, talk about so many hand histories, or watch so many videos before realizing putting in the hands is the best teacher. The same goes for the stock market; the more experience you have actually being in the market the better, and more helpful. Again, you can treat the site as a coach sweating your session, telling you to call, raise, or fold. You’ll make money doing that, but the goal is help you make those decisions yourself.

Other: The site would have a live chat room, forums, video archives (trading method base on history, hence the review of the past biggest winners… the same characteristics show up), videos outlining how to setup your trading account, videos on how to use software, booklist (potentially with online library), reading groups( Q&As with experts, discussion amongst peers), blogs, live weekend review sessions, to get “live coaching” from the lead trader, affiliate program. The idea is you have a login to access the site, which will have every resource you want to get better trading. You can progress at your own speed, or work with our program to help you reach your goal.

Lead trader: The results for the leading trader will be provided by an outside auditor. No bull shit on this end. We want to provide you the best service we can, which is based around how well our trader performs.

Anyways, I'd like to hear anyones input as to why or why not someone would want to join a site like this. Please comment here, PM me, or msg me on skype @ matt.plecki