Longtime Sloper and blogger, Leisa, posted some great trading gems last week. The article is called, 2009 Reflections, and mentioned something that resonated with me.
Commiseration v. Collaboration: The blogosphere offers unlimited availability of opinions. You'll have no trouble finding opinions uttered by very smart and erudite folks that perfectly align with yours. Best to seek out people that disagree with you and try to understand their arguments so that you can find potential holes in your thinking. I've never seen any business venue where commiseration led to good outcomes. Commiseration and collaboration are not the same. Commiserate less; collaborate more.
Collaboration is a recursive process where two or more people work together toward an intersection of common goals. An intellectual endeavor that is creative in nature, done by sharing knowledge, learning, and building consensus.
The Slope is among the most collaborative message boards already. People freely share ideas and accept feedback graciously, provided it’s given respectfully. To stimulate the collaborative process I'd like to solicit trading ideas for this coming week, and anybody who wants to contribute is welcome. Simply post a chart on the forum, and I'll compile and follow them throughout the week. Winner gets the everlasting admiration of your friends here and 50 points clicked by me. I'll post the winner's chart, name, and immortal victory speech (if desired) next weekend.
A few simple rules for fairness: We'll mark the purchase price by Monday's opening, and the selling price on Friday's close. Either long or short is welcome. Stocks, 1x ETF's, and non-leveraged instruments only (no options or futures). I’ll simply measure on a strict % gain. Entries accepted all weekend, but ensure you submit on this post thread.