Steal methods, not trades

Watch others trade but do not copy the trades unless you understand what they are doing and why.

With proliferation of social media and blogs on trading you will see several thousand trades being shared in real time.

If you are new to trading and get tempted to start copying others trade , you may find it difficult to shake that habit.

Always think if you rely on someone for your stock picks and do not develop your own method, what will happen if that person gets hit by a truck.

The other problem is you do not know what is the motivation of a person sharing a trade. On very thinly traded stock with low float, sharing a trade after the person has entered at favorable price , might just be a way to attract more buyers to the trade and sell into that strength.

Besides that unless you know what method a person is using to find these trades and completely manage the trade , you can not replicate same trade on another stock.

One trade or even few dozen trades from a trader does not tell you how the person is making money. For that you need to know how much he or she is risking.

Look at others trade dissect what those traders do and say. Tear apart their trade in parts like vehicle selection, entry, exit, risk, stop, and understand the component , try to reverse engineer it to fit your own style. Try to think why are they doing that. Then place it together. That way you will have permanent learning.

It might take you months to get your own method together but once you do that you will have conviction.

In a world full of followers be a leader and not follower...

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

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