Disliked{quote} Folks It is very simple. If your are trading from the UK and would like to trade together with another trader from the UK, snakecharmer is from the UK and you read his posts and like what he does here, you can contact him via PM. {image} start your own Telegram group(s) like many others have done. if you are in other locations and looking for trading buddies, you have to be active in this thread so that others will notice you and the others will have their own decision to contact you. that's simple enough.Ignored
What are some of the benefits to trade in a small group?
See my Post#47,428 Dec 20, 2014 ...
back then we were using skype and google talk, then move on to WhatsAPP and today several use Telegram
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Hi moretti et all,
Forming small groups of like-minded TMS traders in a live trading room (using skype or other realtime online chat) is a good idea. A few members here have started but as I know, they did not continue for very long and eventually stopped.
I would love to hear from the experience from those who started live trading groups and are still active.
I am sure those members who joined these previous live trading groups have their experience why they did not continue. We can learn from them and not make the same mistakes.
As far I am concern, my small group of live TMS active traders are still together for 3 years. Why we stayed together?
1. We all share the same beliefs about the market and how to trade it.
2. We are all active TMS traders, we use the same 5-Method taught by eelfranz whom we fondly call Big E.
3. Everyone of us have more than 5 years live trading experience on average when we started the group.
4. We developed our own trading systems for intraday day, swing and position trading using TMS 5-Method as the core technical method. We use the same system development concepts taught by Dr. Van Tharp.
5. We share a different money management strategy which each one eventually develop in their own system but have different account size.
6. We share a common pool of resources - books, trading courses materials, trading platfrom tools, trading pool, etc..
7. We all share a list of trading tasks like doing Big Picture Planning BPP for various currency pairs and share them in the group. Saves time instead of everyone doing the same for all pairs. We do this every Sunday at 1500hour London time.
8. We have assigned market watch duty for group members on weekly rotation basis and a watchlist for every trading week and members alerts the group when he sees potential setups in our trading plans.
9. On an every day basis, everyone is online at specific agreed trading sessions and encourage one another on matters related to managing one' trading psychology and keeping our emotion state positive for trading. We are like migrating birds flying in V-formation.
10. Most important is - Everyone brings something to the table. There is no free meal.
For new members who are very new to trading (less than 1 year) and new to TMS, the better way is stay in this thread and post your charts with questions. Many of the experienced traders are here to share their thoughts and their experience with you. Nothing should stop you from forming groups to learn together and practice together. But each one must have a structured approach to learning to trade. You need to have the basic stuff about trading the forex market and also how to use a trading platform like MT4. DO NOT jump to other thread in FF or to other forum and look at other trading methods and systems. Commit to this TMS 5-Method and start from here and develop using the 5-Method to be your own winning trading system to fit you, and you only. Some of us have done it and that took time. Be patient, be active in this thread by posting and asking questions, sharing your trades with charts, sharing your experience as you learn along the way.
Learning to trade is a journey in life. You learn more about yourself as a trader much more than in ordinary life. You will become a better person. Once you decided on taking this journey, it is up to your to continue. There is no end. There is no destination. What you learn will not only benefit you alone. You can pass it on to your children and future generations. This is one way to create wealth and Financial Freedom for yourself and your future generations.
Kind regards,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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It has been well established for several years now that this is the thread to visit for daily laughs, not for worthwhile trading discussions. Sure, there are a few posts with some worthwhile trading content, but few people are willing to wade through the other posts to try to find them. Of course, you could be sure to read all of Tommydoginti's posts in the thread for some quick guidance.
The moon is made out of chees????
