One of my personal issues with trading is how individual and solitary it can be. For a great many of us, trading the finanicial markets is something we do more or less by ourselves. Even taking part in the trading discussion forums – like Trade2Win - that are found online is only a slight improvement. They give us a little sense if being part of a community, but the interaction is at arms-length and doesn’t really foster good exchange.
There is no doubt in my mind that if traders had the ability to work more in cooperation with each other, they would accomplish so much better results. I am reminded of a poster I once saw in my coaching travels. It featured TEAM:
Together
Everyone
Achieves
More
I have coached competitive collegiate volleyball for the past nine years. The great part of being involved in a team is that not only does the it create the opportunity for all members to develop and perform together much more than they ever could seperately, but it also is a ready support group. When things go well, you can share that with teammates and everyone is lifted. When things are not going so well, teammates provide much needed consolation too keep the lows from being overly bad.
Traders have much to benefit from joining together and thinking of themselves more in team terms. They need not take on the markets by themselves. They can do it more effectively as a unified group.
Those collectives are hard to find in trading. I want to change that, though. Watch for more on the sujbect in the days and weeks to come.
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About the Author
John Forman, author of this blog, has traded for more than 20 years, is a professional market analyst, and authored The Essentials of Trading. He is an active participant in trading forums, consults for trading related businesses, as published literally dozens of trading articles, and has been quoted in a number of books and in the media.
** See John’s full bio.
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