Looking for a trading buddy

[Yazz1985 0]

On 11/3/2019 at 9:11 PM, JC said:

Is the discord group open to new members?  I am 2 weeks into sim and would appreciate a chance to bounce questions and get feedback. 

Thanks

JC

Yes, all members are welcome. It seems people join up but don't stay active for some reason. Please join guys and share your trades, we are all in SIM.

[Andrew Walters 0]

I am a new member to BBT (since December). As I am still learning, I would definitely be interested in joining up with your group.

[Restretch 9]

I will do it as well Kenneth in the chat

[Kyle Scheumack 9]

Looking for a trading buddy to review, learn and grow with.  I'm still pretty new to trading, but getting better (I think).  I live in Austin, TX; it would be nice to find someone close by, but location does not really matter.  

Was thinking we could talk about once a week or so to review and bounce ideas off of each other.  

Please reply or message me if you are interested.  

[peterCZ 0]

On 1/16/2020 at 6:39 PM, Kyle Scheumack said:

Looking for a trading buddy to review, learn and grow with.  I'm still pretty new to trading, but getting better (I think).  I live in Austin, TX; it would be nice to find someone close by, but location does not really matter.  

Was thinking we could talk about once a week or so to review and bounce ideas off of each other.  

Please reply or message me if you are interested.  

Hi guys, I am also looking for trading/accountability buddy. The main reason is i need to prevent myself from overtrading. I live in Europe but location also does not matter.  I am trading for about 1 year with ups and downs. Let me know! Peter

[Vikas 0]

I am interested  but i trade in NSE (Indian stock exchange). but i think it doesnt matter where you trading, rules are not going to change let me know if u r interested

[Otto 0]

hello

guys and girls

any room for new members ? please send me the discord  pm

[davidaull 0]

Hello everyone, I am looking for a trading buddy. I have been with bbt for a year. I think it would be great to have accountability and trade ideas to compare. Let me know if anyone is interested?

thanks

[ecadaret 14]

Hi everyone,

 

I was in your seat not too long ago, in fact about 9-months ago, and what I can tell you is if you are not doing the following listed below if that be on your own or with a trading buddy to keep you accountable, in my opinion, you won't make much progress:

1. In addition to the BBT book family, also read:

   -  Technical Analysis Using Multiple Timeframes by Brian Shannon

    -  One Good Trade and The PlayBook by Mike Bellafiore

    -  The Daily Trading Coach by Dr. Brett Steenbarger

   -  work the above into your trading plans

2. Trade in the simulator until you are consistent for a whole month for each setup you want to be proficient with

3. Track all your stats in the simulator (and live) in TraderVue or some other program. Be deliberate trying to quantify as much about the setup as you can. This will provide invaluable data that will greatly reduce your time to reach consistency and keep you disciplined.

4. Only trade when you get enough sleep the night before. This as much as the above has made a big difference for me.

5. Follow your risk management plan and setup controls so you don't loose more than $X/day

6. Keep at it, especially when you start to get some traction. That's when you want to press hard to do your best to really solidify the good habit of trading only X, Y, Z setups, etc.

 

All the above has in one way or another made small or significant contributions to my rapidly progressing trade consistency and confidence in myself that I can trade well. I went live and didn't do all the above and it cost me. In the simulator again for the past two months and it's a whole different outcome for me now and I know when I go live again with day trading (still options trade as that "clicks" for me easier for some reason), i'll be 100% ready for it.

 

 

Hope this helps!

Edited June 3, 2020 by ecadaret

[Brandon 1]

Hi Everyone! Like many others on this forum, I'm also looking for a trading partner. However, I'm looking for the right fit as I believe that will be the most beneficial to both of our success. In short, I'm looking for a partner at a similar level to me, although they do not necessarily need to have a similar trading style (in fact, having different trading styles can be extremely beneficial!). So here is some info about me, my trading history, my trading style, and what I'm looking for (I apologize in advance for the long post!):

 

My Trading History & About Me:

I've been actively trading off and on since early 2016. More of this time has been off than on due to work commitments and grad school, but I have always actively followed the markets and tried to learn more about trading. I have read quite a few books (including both of Andrew's and Brian's) and am always reading more (currently reading Tools & Tactics by Capra and Trading in the Zone by Douglas). I have also actively followed a handful of YouTube channels over the years based on technical analysis (e.g., BBT, Live Traders, T3 Live).

 

As far as my trading history is concerned, I've had 3 main stretches of active trading over the past 4 years. In my most stretch (the past 6 months), I feel like I've finally turned a corner. While I know it doesn't sound very impressive, it has really been a multi-year struggle for me to get to the point where I am now consistently break even or slightly profitable on a month to month basis. Like many others, my issue is that one red day where I give back some or most of my profits. I believe that having a trading partner could help to keep me accountable, and I could do the same for them.

 

In summary, I believe I am at the point where I have a very solid grasp of the technical aspects of trading, it is now more about focusing on trade management, trading psychology, and executing my trading plan (the far more challenging parts of trading in my opinion!). 

 

Trading Style & Management:

I prefer to trade mid- to large-cap stocks (ideally $10-150/share) and ~65% of my trades are on the short side. I try not to trade the first 15-20 mins of the market open (unless I see A+ setup) as I tend to be much more of a mid-morning momentum & trend trader. I find that ~10am-12pm EST is when I am the most successful as that usually gives the market enough time to form a pattern. While I use the 2, 5, 15, 60 & daily charts for making trades, my entries/exits are based on the 5 min chart. Therefore, I hold my trades for 5-30 mins on average. I probably average 10-20 trades per day (which I know is probably way too many!).

 

As far as my trade management is concerned, my current daily profit goal is $100 (with $100 max loss). I risk $20-40/trade, and take a 50% partial at 1R and then partial the remaining 50% depending on key technical levels, price action, and Level 2. My favorite setups are LOD break, breakdown of key levels with room to run on multiple timeframes, and parabolic reversals.

 

What I'm looking for:

I'm looking for someone that is actively trading in the markets every day, and would be willing chat and review trades on a daily basis. It would be great to discuss potential trade opportunities sometimes as well. Ideally this person would bring a new perspective to my trades, and I could do the same for theirs. Lastly, I'm looking for someone who's willing to be transparent about daily P&L as I think that will help to keep us both accountable.

 

 If you think that we might be a good fit, send me a DM and let's find a time to chat.

 

-Brandon

[Ranajit Chatterjee 10]

@Brandon i don't have that kind of knowledge you are looking but try to learn from you that have gathered in so many years, i just joined BBT almost a month. I used to do swing trading for long time but those are casual way. Let me know if we can collaborate and learn.

[ecadaret 14]

16 hours ago, Brandon said:

Hi Everyone! Like many others on this forum, I'm also looking for a trading partner. However, I'm looking for the right fit as I believe that will be the most beneficial to both of our success. In short, I'm looking for a partner at a similar level to me, although they do not necessarily need to have a similar trading style (in fact, having different trading styles can be extremely beneficial!). So here is some info about me, my trading history, my trading style, and what I'm looking for (I apologize in advance for the long post!):

 

My Trading History & About Me:

I've been actively trading off and on since early 2016. More of this time has been off than on due to work commitments and grad school, but I have always actively followed the markets and tried to learn more about trading. I have read quite a few books (including both of Andrew's and Brian's) and am always reading more (currently reading Tools & Tactics by Capra and Trading in the Zone by Douglas). I have also actively followed a handful of YouTube channels over the years based on technical analysis (e.g., BBT, Live Traders, T3 Live).

 

As far as my trading history is concerned, I've had 3 main stretches of active trading over the past 4 years. In my most stretch (the past 6 months), I feel like I've finally turned a corner. While I know it doesn't sound very impressive, it has really been a multi-year struggle for me to get to the point where I am now consistently break even or slightly profitable on a month to month basis. Like many others, my issue is that one red day where I give back some or most of my profits. I believe that having a trading partner could help to keep me accountable, and I could do the same for them.

 

In summary, I believe I am at the point where I have a very solid grasp of the technical aspects of trading, it is now more about focusing on trade management, trading psychology, and executing my trading plan (the far more challenging parts of trading in my opinion!). 

 

Trading Style & Management:

I prefer to trade mid- to large-cap stocks (ideally $10-150/share) and ~65% of my trades are on the short side. I try not to trade the first 15-20 mins of the market open (unless I see A+ setup) as I tend to be much more of a mid-morning momentum & trend trader. I find that ~10am-12pm EST is when I am the most successful as that usually gives the market enough time to form a pattern. While I use the 2, 5, 15, 60 & daily charts for making trades, my entries/exits are based on the 5 min chart. Therefore, I hold my trades for 5-30 mins on average. I probably average 10-20 trades per day (which I know is probably way too many!).

 

As far as my trade management is concerned, my current daily profit goal is $100 (with $100 max loss). I risk $20-40/trade, and take a 50% partial at 1R and then partial the remaining 50% depending on key technical levels, price action, and Level 2. My favorite setups are LOD break, breakdown of key levels with room to run on multiple timeframes, and parabolic reversals.

 

What I'm looking for:

I'm looking for someone that is actively trading in the markets every day, and would be willing chat and review trades on a daily basis. It would be great to discuss potential trade opportunities sometimes as well. Ideally this person would bring a new perspective to my trades, and I could do the same for theirs. Lastly, I'm looking for someone who's willing to be transparent about daily P&L as I think that will help to keep us both accountable.

 

 If you think that we might be a good fit, send me a DM and let's find a time to chat.

 

-Brandon

@Brandon As Mike Bellafiore states often, you may not be profitable in the first two years of trading. Year one is usually you are bleeding a bit or you blow up. Year two you are breaking even or making a little. It's not until year three and onward you start making real money. It's about surviving the learning curve as Andrew and others would say! I think your journey is pretty typical and something to be proud of that you have made it this far.

Edited June 4, 2020 by ecadaret

[pkelly 2]

Hello to everyone on this thread!

I'm also looking for a trading buddy.  I work full time, and only trade the open, first 20-30 minutes.  Just started practicing daily, and am very intentional and focused about developing my trading skills.  I'm in Texas, and would like to communicate via text or something similar regularly, and perhaps discuss trades/strategies weekly.  Anyone new but focused as well?  I could use and give some accountability.  Please let me know!

Thanks!

~Priscilla

[Ranajit Chatterjee 10]

Hello @pkelly i like to partner with  you. I started with BBT over a month and i am also a newbie and looking to learn all the setups and strategies quickly, Not sure if i help you in your adventure. I used to trade first 45 minutes or so as i have day time job.

 

~Ranajit

[pkelly 2]

Hi @Ranajit Chatterjee sounds great!  I just got on the Discord app, as listed in the thread above.  Do you use Discord also?  Perhaps we can communicate there.

~Priscilla