Quoting AntraDisliked
Just my opinion...as I was sad to see teamtrading not go ahead.Ignored
Just a thought.
FT
EA working with a broker, not working with another 0 replies
trading together 8 replies
Right now My metatrader3 is not working is yours working? 0 replies
Putting Together a Business Plan, by Linda Raschke 0 replies
Quoting AntraDisliked
Just my opinion...as I was sad to see teamtrading not go ahead.Ignored
Quoting ashvazDislikedI am not sure if anyones thought of this but if it has been discussed and if I am just gonna be talking abt the samr thing then please close this thread.
I have recently started forex trading and made a few wins and few losses and am still in it. Lets see how things go.
But what I wanted to talk about was that everyones doing the same thing here make money so why doesnt everyone make money together. What I mean by that is there are times when I do some good trades if I could share that info with you guys instantly then we could all make money on the same. If I was to make a stupid mistake of selling a currency when in fact the mark was range bound then someone should actually stop me then and there.
I actually come from an IT background and I know various solutions that I can get to get this working anyone thing this is a good idea?
4 maybe 6 traders chatting together deciding which way to go and all of them collectively putting their knowledge and maybe some intuition as they say 2 minds are better than one and we are such a disjointed lot
Please be gentle with your commentsIgnored
Quoting ElectricSavantDislikedA Journals forum may come close to this. And provide guests and even lurkers an enjoyable place to read a sort of, two-way blog...
Merlin could name it Factory Journals Forum. Just a suggestion and my "not so humble" opinion
Michael B.Ignored
Quoting merlinDislikedi still like the idea, but we need to figure out how to make it work. if you have some ideas, post them in the thread immediately above and we will try to get her rollin againIgnored
Quoting ElectricSavantDislikedDidn't someone do that already...? It had a clear response too...Ignored
Quoting fijitraderDislikedIf I was going to place a bet I'd bet against committee trading in general. In other words I don't think that an ad hoc group of traders can get together on a forum and discuss trades while trading and come out very successful. People are too prone to peer pressure and bullshitting each other for it to work well. However I think there is an area of this that relates to trading psychology that could work very well.
If a group of traders were to use the group strength for accountability rather than for placing discretionary trades then I'd bet in favor of the long term success of a group that actually stuck to something like the following sample of points:
1. Initially everyone would have to trade the same system.
2. Each person records each trade and its details.
3. Each person submits a business plan of their own of how they are going to trade the system.
4. Everyone discusses each others business plan one at a time with input and critique until everyone has a business plan they are satisfied with.
5. Every person has access to the others business plan so that any questions anyone asks will be relevant to that persons stated plan.
6. Every trader must post their account reports at the end of the week with their trade log for all to view and discuss.
7. Each person reviews anothers log and makes a list of questions with the idea of helping the other to admit and face mistakes.
8. Whatever other formal procedures that ensure objective trading feedback is provided for each trader so that each trader ultimately becomes self regulating and objective in their own review of their own trading habits -- through mutual disclosure as well as candid discussion and feedback.
I could go on but I think the greatest value a team would have to each other is to ensure disclosure and feedback. Therefore a trader cannot hide from their own self sabotage. I'd bet money on a team that traded this way and stuck with the program. One again though it cannot be done without one or two strong leaders who understand this process.
FTIgnored
Quoting fijitraderDisliked1. Initially everyone would have to trade the same system.
2. Each person records each trade and its details.
3. Each person submits a business plan of their own of how they are going to trade the system.
4. Everyone discusses each others business plan one at a time with input and critique until everyone has a business plan they are satisfied with.
5. Every person has access to the others business plan so that any questions anyone asks will be relevant to that persons stated plan.
6. Every trader must post their account reports at the end of the week with their trade log for all to view and discuss.
7. Each person reviews anothers log and makes a list of questions with the idea of helping the other to admit and face mistakes.
8. Whatever other formal procedures that ensure objective trading feedback is provided for each trader so that each trader ultimately becomes self regulating and objective in their own review of their own trading habits -- through mutual disclosure as well as candid discussion and feedback.Ignored
Quoting merlinDislikedi like it fiji, this actually wouldnt be hard at all to set up (infrastructure wise). do we still have interest in the team trading idea?Ignored
Quoting WeekenderDislikedHow true Bluey,
Teach us how to fish guys. And how to watch out for Mobby....LOLhttp://www.forexfactory.com/forexfor...ons/icon12.gif
Ron F.Ignored
Quoting ashvazDislikedThats really aamazing that a noob like me can bring this kind of interest back into play, however the 10 or 11 points by Narfa are way beyond my level of understanding so I am just gonna watch from the sidelines and learn form you guys.Ignored