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@tradeit007 I just want to clarify

NKE stop progression

Posted by larken on 25th of May 2018 at 08:43 am

@tradeit007

I just want to clarify what I wanted to convey earlier as I think you missed my point or I wasn't clear enough. I was referring to the aspects of an added service  by BPT whereby they would post all entries/SL and exits/profit targets in a trade setup. It's fine if they choose to do so, of course, but  an aspect to this new method would be that members who would solely follow that wouldn't actually be trading or learning how to become independent traders since they would basically become order placers instead of traders. We are already being hand held today and getting tons of feedback and examples on a daily basis, which I love and why I am a member here. The education we're receiving here today is fantastic. But personally, I don't think I would have learnt as much if I would have been given every little single detail of what to do in a trade on a silver platter. I've learnt a lot by fiddling around with SL, Trailing SL, EMA SL's, profit targets etc etc  thus making me a better trader.  Just wanted to bring up that angle to the conversation.

Happy trading!

If I can give my

NKE stop progression

Posted by larken on 25th of May 2018 at 01:20 am

If I can give my 2 cents on this topic, after thinking about it, whether to offer a more extended service to your BPT clients in which they get very specific entries/exits, basically hand holding them through the trade process. I do understand why people would like such a service, once upon a time I would have liked it myself. But there are draw backs to this as I see it.

1) You will learn a lot less basically. The BPT team has expressed many times that part of their mission is to help us become better traders and with such a service it probably wouldn't encourage many members to really study charts and figure, by trial and error, things out by themselves and essentially becoming great traders. The hard work is already done by Matt and Steve by finding trade ideas, so entry and exit is not very complicated. There are already quite a lot of tutorials and examples made by Matt/Steve where they talk about this. 

2) If the service changes on BPT and you have an influx of new customers who want the easy set up and hand holding, there is a risk that the quality of the trading community (forum) drops and becomes a very noisy forum with too much drama and/or arguments. I'm sure I'm not alone here to say that I really like the tight knit community and clean forums. Imagine how the community forum would look like with 10 - 100 times more potential customers like Matt mentioned.

What I would do is to focus more on the Education section on the website by creating studies regarding Entry / SL / Profit Taking and suggest that all members study these. I'm sure you guys have already though of all this; just wanted to share my 2 cents.

Haha good one!

Yellen on Deck

Posted by larken on 24th of Sep 2015 at 04:53 pm

Haha good one!

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