I had a thought today that I well, thought was worth putting out to the community for critique�
The more I learn about true Technical trading as opposed to my past haphazard trading of stocks, the more learn how much I don�t know ad nauseam�It seems you should really be monitoring so many things at once which of course you can�t do or can�t do effectively right??
Let�s take the comdolls for example; you really need to be monitoring commodity prices plus news for both sides plus the dollar index plus plus plus�.
So�.
If you were able to effectively monitor all these at the same time wouldn�t you then have an advantage over the competition? Then came the idea of [B][U]Team Trading![/U][/B] Let�s say you have two or probably three traders linked with headsets who work together as a team. Each is responsible for their particular aspect of the trading day. One (probably the best candle person) making the actual trades, one continually watching the news and the upcoming news events and the other watching the other indexes like treasuries commodity prices and the $ index. You�d be giving each other input for the trade and help avoid goofy mistakes as well…The trick is to see if you could work effectively in concert and �get a real groove thing going� ?? Might actually make it more fun, much less stressful as your part of a team and potentially [B]very profitable[/B]! You�d pool resources and split earnings paid monthly just like a business�
So�
Is this done already ?? Is this just another one of Jim�s bone head posts??
Comments???