First the disclaimer: I’m now a PeepTrade Guru.
Now what it is – Peeptrade.com is a new site (actually still in beta until next week when they present at the South by Southwest Festival) that allows “Peepers” to view the portfolios and trading activity of the “Gurus” allowed on the site. Each Guru sets their own price and then gets part of the revenue for giving Peepers access to their trading activity. The system is fully automated, so I finally have a third party tracker to go along with this blog. Nine years wasn’t too long to wait was it? I’ll still post updates here, but I’d love some support on PeepTrade too.
The dashboard for the site has a message board where users can post information and questions, essentially a big traders’ forum. Peepers can see all of the trades for the Gurus they follow and exchange private comments outside of the main message board.
For the past couple of days, I’ve been in first place out of 31 Gurus, but I expect to drop a place or two when today’s data comes in since TLT gained more than 1% today and I’m still short a boatload of it. I haven’t made any trades since joining the site, but that’ll change soon I’m sure.
My question for you – At what price do you think I should set my rate? I have it at $30 per month right now, but didn’t base that on much other than wanting to be competitive, but not cheap, especially since I’m currently in first place. I can change my rate down the road, but would like to start with something reasonable and grow from there.
Let me know if you have any questions about PeepTrade. I wanted to get a short update posted today to let all of you know I was being tracked there, and I realize I didn’t pack this post with a ton of information. The PeepTrade FAQs page has a little more information, but you’ll probably get more out of it by joining the site, which I think is free until you start peeping Gurus.
PeepTrade had nearly 3,000 people request to be on the Peepers waiting list. They are just being given access this week. If you can’t get in, please let me know and I’ll ask my contact if he can speed up the process for you.