Often traders after a certain period of stay in the market often realize stagnation in his career and see distant the possibility of reaching the next level that would allow them to achieve the necessary consistency and efficiency in its operations.
It is certainly difficult for an independent trader reaches the level of excellence that allows you to live it loosely.
In other disciplines (researchers, sportsmen, artists …) we find that for a leap forward is basic surround the support of successful professionals to foster the advancement and transfer the experience and how do they possess. Trading in financial markets is no exception, so people have the opportunity to join an investment firm can learn from the example of their professionals; its market vision, money management, control of emotions, routines, etc.
However, this possibility is reserved for a chosen few, which the rest must look for other alternatives as are the expensive services of an expert personal tutor or enroll in a virtual group of traders as suggested by Dr. Brett Steenbarger in his article“Virtual Trading Groups: Leveraging the Learning Process”.
What are the aspects to consider in virtual groups?
The Virtual Traders Group has two key components: technology and people:
” The first aspect has been perfectly solved thanks to the large number of communication services via the Internet that have emerged in the heat of Web2.0 : rooms chat, discussion forums, instant messaging, specialized communities, social networks, … conference rooms available to everyone.
” The second and more important point is to form or join groups with appropriate travel companions and share the same goals.
The group members should share a philosophy of trading, have a similar view of the markets and some personal affinity. It is essential that some of its members are very experienced, some lideraje identified in well – defined roles and coordination of all to achieve the objectives set.
The members of these groups should have an open attitude, commitment, hard work and trust in their peers, since only sharing their experiences, operations, systems, analysis, errors … can lead to accelerate learning, improvement and the jump to the next level.
I encourage readers who are interested in this topic, to leave a comment on this blog, to study the possibility of vehicular some initiative in this regard.
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