I’ve been quiet on the blog recently, but Tom and I have been hard at work coming up with some new and exciting things. While we have some great things on the horizon for our MarketLife clients, I want to share something with you today that is completely free, and might just help some of you out a bit.
We’ve been struggling for better ways to connect with people and to help people learn to trade. Part of the problem is that there are so many ways to trade and to find an edge in the market… it’s very easy for an experienced trader to only see things through the lens of his/her experience, and perhaps to miss much of value.
On the other hand, I’ve participated in a lot of Facebook discussions (traffic wrecks?) over the past few months… and the phrase “blind leading the blind” comes to mind. I’ve seen well-intentioned people give horrible advice because they lacked the experience to really understand what’s going on.
So… we’re going to try an experiment here. We have a Facebook group for MarketLife. Go there and join. (Be a good citizen and answer the survey questions when you apply to join. They are there to filter out bots and scammers. If you skip the questions we’ll simply bounce your application.)
We will spend a few weeks working through big-picture categories of technical trades. To structure the discussion, we will use the categories I used in my first book:
- Trend continuation trades
- Trend termination trades
- Support or resistance holding
- Support or resistance breaking
This is a very high-level categorization and every technical trade should fit somewhere in this universe. (For more information, read this blog post.)
We will start this week with trend continuation trades. Join the group, and feel free to post setups and/or trades you have made for group comment and critique. I realize this project could get out of hand, but I’ll commit to participating in the discussion heavily this week!
Come. Join us; ask questions. Share your opinions and perspectives, and learn!