A most excellent opportunity

Hi you all,

I have had an idea.

Any of you are more than welcome to go with this.

My biggest issue and certainly the biggest issue I've read about is discipline and emotion. So what would be amazing, is to have a doorkeeper of sorts to my trading acc. It needs to be a real live person on the other end. I need to have submitted my trading plan which lays out my system including entries, lot size, reasoning etc...

There also needs good time delay of a day or more to be able to submit the plan initially or to change it, and all trades are given as live instructions, the gatekeeper then checks the trade against the plan, including lot size, money management etc, and refuses to open/close/modify a trade if it doesn't concur with the submitted trading plan. There can be no emotional trading that way.

I would seriously use a service like this. I reckon the brokers out there should do it too. Obviously doesn't work well for very short term traders, but I trade 4 hr charts, and it would work real well for me for the times I fall off the proverbial wagon !! :

A live chat room would do it ....with the right persons....it requires a commitment and brothers in arms kinda loyalty. A service is not sufficiently creative in my opinion. Have you considered the pf?
Swami S

I do it with team trading. I have set up a website (forexfantasy.com) for me, my son and a few of our friends to gather and share ideas and post our trades before we take them. We share our systems and indicators and educate eachother. We also provide moral support. Right now, the site is a bit raw, so we do a lot of this on the phone, but soon it will be all web based.

You realy don't need a website to do this, a chatroom will work. Heck you could just open a thread on the chart section here at the Factory. There has been some lobbying for some kind of a team trading section here at the Factory too. So just pick a few pals that you can trust and huddle up and get some pips. Good luck.

How about just having a trading buddy? You check his trades, he checks yours.

That should do the trick, right? Just make sure it's not your wife!

Dane

But my wife is my trading buddy! : ) And she checks me out real well ; ) uh, er, my trades.

I trade the NY am session and at times she will be there with me, and she trades the Asian. We both run the same model/system so we watch each other's trades if we happen to be in a trade that still has a unit from a prior session running w/a trailing stop or similar situation.

Thom

PS. LOL. Time to celebrate, this is my 500th post! Yippie only a gizzilion left to catch up to the big boys ; )