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David from CT

Trading Buddies

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Would love to know your thoughts about trying to coordinate trading buddies for anyone who needs a second set of eyes when reviewing trading plans, strategies or performance in general. Do we, as a club, want to get an active mentor-ship community going locally, or since we are not really limited by location using email, phone or messaging, leave it to the overall BBT community. Your thoughts?

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I just joined the NY area group, and I would like to join in a buddy system. Doesnt actually have to be from this group, but would have the added benefit of being able to do it in person sometimes.

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Welcome to club Dirk!

Yes buddy system is beneficial. Does not have to be one on one it can also be a team, I have found that messaging app like What'sApp is really convenient. What does everyone else think?

 

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Welcome Dirk! I am still mulling over how I want to best use some type of buddy system for my own trading. We can all of course reach out to any BBT member and share/discuss trades. What I was thinking here was a way to garner the full potential of the benefits of accountability. From the trading psychology books I have been reading, being accountable to someone else can limit the typical mistakes made while trading and help build better long term habits. Would love to hear how Carlos thinks his morning show has affected his trading, my bet is that while its challenging, he is performing better because he has the whole BBT family watching him. For my part I want to team up with others trading the open with the ticker profiles I like, namely $40-$200 prices and floats above 50M. At the moment, I am still working on my own consistency.

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hi all- apologies for not getting back sooner. My bad.  I need to make it a habit to come here regularly. Thanks for the good ideas, especially convenient seems Whatsapp, but I dont know how this would work. It would be something where you have to share your trades, including the stupid ones, which I still have a lot, to be accountable and motivated to work on yourself.  Really no clue.
Carlos, you mentioned it was beneficial, do you have a Whatsapp group, system... you are using?

 

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