If you talk to any top trader, there are a number of reasons they outperform the competition.
But one thing they all have in common – They Don’t Trade Alone
They may trade as part of a team at a big trading firm… or maybe they simply have a single trading partner. Whatever it is, they don’t go alone.
This gives them the opportunity to talk things out… whether it’s a trade idea or a mistake, talking it out helps them grow.
You’d be amazed at how much your trading can improve if you just talk your trades out with someone else – Before Placing Them
Maybe you missed something and talking it out with others helps you avoid a mistake, or maybe talking it out gives you the confidence needed to actually take the trade.
Whatever it is, sharing and talking about trades will help every person on the team become more profitable.
In fact, here’s what Mandy and Daniel (members of my trader chat room) had to say:
“People in the chatroom actually respond, whether it’s the moderator, or members, I always get an answer for my question” — Mandy H.
“This chat room makes me feel included, everyone is very helpful, it is a community built on trust and friendship” — Daniel M.
Most of us don’t work on Wall Street, but you can still be a part of a team… I am going to show you how… and I’ll show you exactly how it will help you trade better and become more profitable…
Growing Your Profits With A Team
In my experience… the traders who don’t share their ideas and thoughts about their trades and try to go at it alone are typically the ones who end up failing.
While I may have started trading with little to no money and no experience or knowledge… I DID have a trading partner that I would talk about all my trades with.
In fact, he is the co-founder of RagingBull and super successful trader Jason Bond…
I wouldn’t be where I am today without having him there to talk to in the beginning… and he would tell you the same thing about himself…
We are both successful traders today because we talked to each other about our trades…
And I’ll tell you this as well… it might sound hokey… but I wouldn’t be where I am right now without my members…
I might miss something that someone else sees and vice versa…
I’m a teacher and a mentor… but I’m also a member of my team… and that makes all the difference…
We all come from different backgrounds and different experiences that shape our views… therefore when we trade on a team, we benefit from the many different ways of looking at something.
And that’s priceless…
Take a look at this chart:
This is a classic consolidation breakout. One of my favorite patterns I use every day. We talked about this in my chatroom on Jan 21 when volume picked up with a break above the consolidation range.
The stock closed strong right on the high of the day. This tells us there is good potential for followthrough the next day.
What happened next?
As seen on the last bar on the chart, it gapped up hitting a high of .72. This is a classic overnight move that I teach and preach in my chatroom.
We buy strength on breakouts at the end of the day… and pull our profits out the next morning on the followthrough.
In and out… over and over.
Imagine trading this breakout all alone.
You might get excited and try to hold it for more gains… just to watch it crash back down below your entry, where it retests the original breakout point (the blue circle on the chart).
Then being alone you freak out and bail for a loss… after which you watch it take off again.
So what went wrong?
It’s simple… you didn’t have someone to talk it out with.
- You didn’t get out on the followthrough… a key part of my system
- You bailed at support for a loss, after which the stock bounced. Your team could have helped with a game plan there.
That wasn’t the end of VXRT for my chatroom.
In fact we talked about the move it made on Friday and I even wrote about it on Sunday (check that out here).
And, if you were in my chatroom, this is what happened on Monday.
We talk EVERYTHING out as a team … even you if you take a trade on your own. We help each other know when to get in and out to maximize profits.
There is a reason for the way we trade our setups, and when we trade as a team we can help each other stick to the rules… and make more money!
If you traded VXRT as part of my Profit Prism Platinum team… that was a money trade… an easy one.
If you traded it alone… who knows…
Having a room full of traders actually allows you to spot more profitable trading opportunities because there are more eyes on the market.
Let’s face it, sometimes we miss trades and don’t realize it until after the fact. Trading in a community is one solution to that problem.
For example, in the Profit Prism Platinum chatroom, we’re always looking for new trades and talking to each other about our ideas and what we see.
It’s actually been helping members… members just like Mac who was able to lock in almost $2500 on DFODQ!
Listen… if you want the benefit of a community of traders helping each other make more money…
Then join me in my trading room every day where I talk about setups and trades with my team of traders just like you… and the best part — we have a blast making money every day
“Puts a great group of people together trying to accomplish similar goals. MOD are great for trade ideas. Jeff does an absolutely fabulous job of practicing what he preaches with the steps he takes everyday!” — Aaron B.
“I love the support from Everybody, and the CONSISTENCY! It takes time to truly learn and begin to master anything, and this group is more of a “Family” than just some place to make money. Everybody truly cares about everybody’s success.” — James G.
“You and Mods are real, you all care about this group. I have had many services over the years, some very expensive, and this real world trading…. Good, Bad and Ugly… Can’t be beat. Education is priceless and can’t find it in any other stock services.” — Mike E.