Clubs are common for passive, long term investors. Why not a club or co-op for TRADERS?
MISSION of the TREND TRADERS CO-OP:
To empower member traders by taking a cooperative approach to conducting much of the preliminary analysis that goes into making disciplined, informed trading decisions. This will be accomplished by sharing many of the data collection, maintenance and organization chores FOR MARKET and SECTOR LEVEL ANALYSIS. While we may decide to develop stock selection strategies cooperatively, it is assumed that actual trading decisions will be made individually.
The idea is to pool the efforts and resources of individual home-based traders so that we can COMPETE MORE EFFECTIVELY with market participants who have infinitely more resources at their disposal. Members will have access to many decision-making tools without having to undertake all of the data collection, maintenance, organization, and analysis individually.
We are looking for members who can assist with gathering and analyzing sector and market-level BREADTH, INSIDER BUYING, SENTIMENT, LIQUIDITY, SEASONALITY CONDITIONS.
Members should share a few common traits - a trend following approach with an AVERAGE hold time for trades of between 2-8 weeks or more; stock selection conducted with analysis of sector and market conditions in mind; use of our custom sector classification system; use of a shared set of basic market and sector indicators.
As long as you can quickly become competent with the facet of analysis which you choose to contribute to, and have the time to consistently and ambitiously contribute (3-5 hours+ per week), your current level of success as a trader is not important.
Participate in a STRUCTURED and FOCUSED trading environment with like-minded traders! Avoid the distracting and annoying nonsense that is a part of most trading discussion groups! Share GROUP SUBSCRIPTIONS and other resources!