Teamwork

Finding an edge in trading is what its all about. In my eyes whatever makes trading easier generally makes it more profitable. If the edge comes from a super fast connection, an ultra disciplined mind or some balls made from gold. Whatever you can get your hands on or develop then it should increase the pennies in your Betfair bank.

I know only too well how lonesome trading can be. Locking yourself in a room with the blinds drawn down, trying to get yourself into the 'zone'. The computers are buzzing away, the mouse is clicking frantically and all you can hear are the same annoying voices everyday in your ear. The pundits on the racing channels I mean not the ones in your head :) Keeping your cool under these alien conditions of solitude is always gonna be a struggle. 1 of the ways in which I tackle this solitude is to talk to another trader on Skype. In the midst of battle whilst trading.
It would be interesting to hear if anyone is doing the same, or even considered it for that matter?

Ill write a quick list of some of the benefits, in theory 2 minds should be better than 1!

• Combining knowledge to analyze the markets - Trying to pick out good entrance/exit points where good 'value' is in the market.
• Keeping focused and disciplined throughout the day. Reminding each other the things not to do. Reducing the mistakes is where the profits come from. You will always make money but stopping losing it is where the challenge will always be.
• Helping each other through tricky times. Like when your fighting back from a loss for example, if you have another person in your ear saying 'keep your head, forget about it move on' you overcome these losses quicker and come back stronger

But also its important to know when to be quiet and not ramble on, ensuring you don't distract the other person from making money. Trying to be a help not a hinder! I believe when working as a team it provides us with a good array of tools to tackle the markets effectively. Making trading more enjoyable and in turn more profitable. Having someone there to chat shit to in between races is always a good for preventing ourselves arriving at the market too early, when the market hasn't properly pick up yet in terms o f 'flow'. Friend I salute you and thank you for the random conversations we have haha!

I'd recommend to anyone starting up, or even the more experienced traders to give it a go. A lot of aspects of my trading have improved since we started using the tactic of combining heads.

Not much to report as far as last weeks trading, only worked a few days. Been looking for a new apartment possibly to live, and also enjoying some time off. But looking forward to York starting tomorrow.