Whether you are a newcomer to the world of stock trading or a seasoned trader with years of experience under your belt, the need to build/grow your knowledge never goes away. The very best traders have an intimate knowledge of the markets and put themselves in positions to make the most informed decisions possible when it comes to trading.
Unfortunately, not all of us have the ability to spend hours a day learning the ins and outs of every stock, nor do we typically have access to a large network or community of other traders to bounce ideas off and to share insights and observations with.
On top of this, any training you can involve yourself in generally consists in expensive courses offered by stock market ‘gurus’. From our experience, however, these courses cost thousands of dollars which is taking away potential trading funds, and one has to wonder as to whether there is any real benefit or return involved with such a big upfront investment?
Seeing an opportunity to create something truly special to help traders of all experience levels grow, we established our Mastermind Groups as a way of offering people just like you a way of growing and developing skill sets in a supportive, tight-knit community.
So What Is A Mastermind Group?
Put simply, a Mastermind Group is a small group (no more than 20) of traders who form a network to help support one another on their trading journey. We encourage and support members to learn, collaborate and join forces with other group members, as well as utilising collective voting tools to understand the broader sentiments of specific stocks or securities in the market.
How Do You Select Group Members?
We have three membership levels, which we will explain in more detail below. In order to keep groups relevant we ask our members to each select a number of securities of interest (ie. FTSE, S&P 500, Oil, Gold) when signing up and we place you in a group of up to 20 other members who have shown interest in the same security and who are at the same membership level.
Couldn’t I Just Do It Myself?
Sure you can. In fact thousands of traders work alone, doing their own research and making their own decisions on what trades to make on a day to day basis. But when doing it alone it can be hard to cover all your bases and it can lead to missing certain signals that can prove costly. By involving yourself with a community of other traders with shared goals in mind, you can share information, insights and look at situations with different perspectives.
For example, you may have done some research on a stock and decided that the setup looks very bearish, which is leading you to risk more than usual on the trade, however other community members may present different views, which could allow you to re-think your position and scale down your risk to a more comfortable level.