Belanger Trading
Investor Due Diligence Report
by Josh Belanger
substackFinance
From the Trade Desk is Belanger Trading’s daily market commentary on what matters on Wall Street right now, and why we’re watching it.
324K
8.3K paid
-0.2%
Insufficient data
28 of 30 days needed
Pricing
$1400/mo
$15000/yr annual option
$372K
8.3K paid subs
$372K/mo – $372K/mo(±0%)
Weekly
0.9 posts/week
29/100
Variable (~7.6d avg)
| Newsletter | Subscribers | Weekly Growth | Price | Platform |
|---|---|---|---|---|
| Unusualwhales Newsletter | 406K | -0.3% | $10/mo | substack |
| Stephen Leeb, PhD > Turbulent Times Investor | 352K | -0.2% | $10/mo | substack |
| Graham’s Newsletter | 39K | N/A | Free | substack |
| 10x Research Market Updates | 32K | -1.6% | $250/mo | substack |
| Month | Subscribers | Est. Revenue | Change |
|---|---|---|---|
| Feb 2026 | 328K | $432,855 | — |
| Mar 2026 | 327K | $431,505 | ~0% |
| Apr 2026 | 327K | $431,505 | ~0% |
| May 2026 | 326K | $430,200 | ~0% |
| Jun 2026 | 326K | $430,200 | ~0% |
| Jul 2026 | 324K |
Platform Dependency
Hosted on substack subdomain
Publishing Consistency
Irregular publishing pattern
Key Person
Single-author publication — key-person dependency
Revenue Model
Active paid subscription tier
Subscriber threshold
324K subscribers — above the 3K category median for first paid tier
Has paid tier
Active paid subscription offering
Peer monetization
100% of 12 similar-size peers in Finance have paid tiers
Pricing position
$1,400/mo vs $13.08/mo category median (1173 newsletters)
| Date | Monthly | Annual |
|---|---|---|
| Mar 2026 | $1,400 | $15,000 |
Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.
| Component | Score | Weight |
|---|---|---|
| Engagement Rate | 0/100 | 30% |
| Paid Subscriber Ratio | 78/100 | 25% |
| Growth Consistency | 97/100 | 15% |
| Publishing Consistency | 15/100 | 10% |
| FAANG FIRE |
| 26K |
| N/A |
| $10/mo |
| substack |
| $427,545 |
| ~0% |