Trading Partner

My mentor had always told me that traders who trade with a partner, or group, usually fair better than solo traders.

Well, after flying solo for the last 3 years, I finally have a trading partner.
We connect every morning at 2 am est via skype/voice, and trade the London session together. Although younger than me, he has more experience.
We have exchanged methods, he learned a bit from me, and I learned from him. I primarily watch the G/J, he is strong on the USD crosses.
We act as a second opinion with each other, and play devils advocate.
Its also like having a second pair of eyes.
My trading has benefited, and I would highly reccemend this practice.

I totally agree, trading with partner is always a good practice.

But learn how to trade independently is more important. Just prepare one day your partner is no longer available.

This is great but is also not easy to do because not every trader could fit your style and defenately you have to find good trader ... with good knowledge not just to find some trader . but i do agree that trading with someone else is good decision because when 2 people think in same way then you are more confident in yourself but also you could learn a lot from your parthenr ... like he could learn from you ... i`m really happy for you that you found a good parthner .... keep up the good work and wish you great success .......

I have traded with both a partner and with a group of people. there are pro's and con's for both. Finding a partner that does have a similar approach and mindset is important for your success. I had a trading partner (actually more of a mentor) for about 4 months, he was considerably more experienced than I, but his style was such that my success was limited. He took risks in MM and execution that did not mesh with my style (I'm more conservative).

I now trade with a group of people where there are many different styles and mindsets. Yet, we all 'play' off each other with the same trading method. Our trading room is available 24/7 with a coach or mentor there to assist while we all have eyes on pairs and banter back and forth ideas, set-ups, ideas, news etc.

Personally, I am enjoying a group setting, my account shows I'm enjoying a group setting, but as was mentioned earlier, I am preparing myself for the eventuality of trading alone. Though, that can be considered a matter of choice, there are always trading groups out there - so you are not alone.

Good pipping out there today

SeerEye