You nailed it !! It is hard to get a sense of a persons state while they are trading, by reading a post. I don't know any traders personally, so I thought all traders were like me while trading (nervous and anxious). This was my first experience in a trade room and I felt a relaxed vibe. Hopefully this trait can rub off on me as I start to develop my own strategy.
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This is something I have been meaning to ask you all! When I was talking to some of you, I was awfully afraid that I would persuade someone to do something they didn't believe in!
I was wondering how I might affect other traders.
Hmm.. I wish there was a way to not affect other's trading biases and such...
I do not know how to do such a thing except to NOT give my bias on the market. If I do that, a lot of people will lose out on somethings they want.
I am unsure how to find the perfect medium.
What do you all think?
Thank you for the thoughts and input! You all mean a lot to me, so I hope that we can find some sort of solution!
@bobwest @Inletcap @GruttePier
KBH80 response: If someone is taking your trades and not thinking for themselves then they are doing themselves a disservice. Personally, I enjoy having coworkers in such a lonely career and it's nice to see what others think while I am thinking for myself based on my own style...occasionally someone syncs up with me and it's reassuring, otherwise it's a potential learning opportunity. I fully support you and hope that others realize trading rooms are not for others to trade exactly as the moderator but to take the opportunity to broaden their horizons (and for me, seek a sense of community) .
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Only saw this now, thought I would give my thoughts in your journal and not pollute @GruttePier journal.
My view on this is that a trader that joins a room has to take responsibility for what they do with the information that they get in the room. What you are doing in my view is amazing. You are taking your time and resources and sharing it for free for anyone that wants to have a look. Of course your biases and trading methodology is going to come into it, it is your strategy that you are showing after all.
You cannot take responsibility for what people do with the information. It is the responsibility of the individual trader in the room to decide what they do with it.
So in short, I think you should keep on doing what you are doing exactly like you are doing it, including your daily anaylsis with your bias etc. Your knowledge of trading is much more important in the room than what an individual trader might do with the information.
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@rocksolid68 - Well done on your trading room. I have attended each session so far this week and it is interesting to see your perspective. It is also nice to see that you are quite humble about it and are quick to admit when you are wrong - not easy to do when your reputation is at risk and I hope you continue in that manner.
Regarding your P&L - you give your entries and exits publicly in the room. I see no reason for you to keep a summary, unless you really feel the need to do so. If you do not wish to display your size, just keep each trade at a 1 lot size. 1 lot for the initial trade and 1 lot for each additional add. That way, you can have an unaudited track record for the room which will allow you to keep a running P&L of the trades you showed to everyone. However, any member of the trading room can also do this themselves and you should not be pressured into doing this unless you feel the need.
Regarding other people just following your trades - Let me quote Ed Seykota, "Everyone gets what they want out of the markets." If someone wishes to learn from you, then they will. If someone just wishes to follow your trades, then they will - even though you make it abundantly clear that they should do their own trades on their own analysis. You are providing the platform for traders to learn from, but self-confidence (not arrogance), discipline, skill, etc. are all things that you cannot give to others - so don't let that distract you from the good job you have been doing.
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:congrats: Hey RS, only caught the last 30 mins of room today
Hey RS, only caught the last 30 mins of room today, was great. I am a bit older than you, very impressed with your market knowledge and discipline for your age. Do you still trade as a funded trader with TST, I am guessing not, if not to personal of a question, can I ask why you do not trade with them now.
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