January 28th, 2010
….who’s the most read stock market blog of them all? Well, it doesn’t come as a surprise that Stock Chartist isn’t; but, it’s not at the bottom of the list either. As a matter of fact, according to Alexa, the Google arm that measures website traffic, Stock Chartist unbelievably ranks 35th among the top 100 stock market focused blogs among US readers. Among readers from around the world, Stock Chartist ranks 40th.
The top 5 blogs are:
Three of the top 35 are actually aggregation blogs, blogs that collect links to articles at various blogs and news sources the editors feel are important to investors; they are:
- ritholtz.com (better known as The Big Picture)
- theKirkReport.com (ranked 18)
- AbnormalReturns.com (ranked 19)
To what do I attribute this blog’s success? Ever since starting Stock Chartist 4 1/2 years ago, I’ve tried to be honest, candid, direct and educational. As they say on the Street, I “sell my own book” …. in other words, I try to tell you the strategy I follow in my own portfolio, the stocks I own or would like to own, the market risks I see, the concerns I have and the opportunities I hope to take advantage of.
I believe a picture is worth a thousand words so I usually try to accompany my message with a chart or table so you can see exactly where I’m coming from.
Stock Chartist may be the only blog on the web that approaches the market from a strictly technical perspective, focusing on the market backdrop first and then on individual stocks. But I guess it seems to have resonated with enough readers such that it has risen from nowhere to number 35 among hundreds of stock oriented blogs.
You may ask why someone would put in the time and effort. All I can say is that reason is similar to the reason that missionaries go out into the world. They believe it what they are preaching and want others to believe it too. I believe that individuals should take responsibility for manage their assets but that the best way for them to do this is not by out-smarting the big guys (the herd) but by following their tracks (as revealed in the charts). But by being smaller, individual investors are more agile and spry and, thereby, can more easily out-maneuver them.
So I’m not sure how Stock Chartist got to the 35th spot or when it happened, but it’s gratifying to knowing that hard work is appreciated by a loyal and continually growing readership base. Thank you all for your loyalty and support. I hope we all avoid the pitfalls, take advantage of the opportunities and continue to beat the averages together in the future.
By the way, a list of the top 100 stock market blogs …. the competition ….. is available to those interested by clicking here. And if you know or others or your favorite isn’t on the list, just let us all know in a comment.