Chance favors the collective mind

The goal of Thinking Man’s Trader (TMT) from its founding in 2010 was to move beyond the idea of individual trading, the self-created trading strategy to an all-embracing trading system of institutional quality.

There is a big difference between the two. The former is created by an individual in a vacuum – many times simply trolling the web scavenging for free trading concepts. Instead, a winning system is created through collaboration, just like a team of programmers and traders would do it for Wall Street banks and Hedge Funds

The key difference between the two should be clear. Until TMT, the majority of strategies that retail to the public are the creation of lone programmers and traders, self-studied individuals. Institutional quality systems are created by a team effort and not available to family capital managers.

What used only to be accomplished inside the walls of major corporations like J.P. Morgan Asset Management or Soros Fund Management, can be accomplished today by people connected in a collaborative online space.

What gives a Thinking Man’s Trader an advantage is knowing that better trading is about solving problems not covering them up with content marketing. This is where the old business model based on the assumption that 90% of traders are a loser because they are “hard-wired to fail” and I part company.

People over the years have just bought into the hype that most people fail at trading because most people are emotionally weak. However, they can beat the market if they trust the source that tells them how they are a loser and to buy their advisory or individual trading strategy.

People have been burnt so often by this that they have given up on the building of knowledge and replaced it with cynicism and in some cases criminal acts stealing what they can’t afford.

Many traders are cynical to the extent that they think if someone had a good idea they would not share it and in fact not even sell it because they could turn the trading profits into a fortune and would not need to sell the system.

Thinking Man’s Trader could not disagree more. Here is how TMT has broken away from the self-created market strategies. Here is how we broke out of the corporate walls of brokerage firms. A Thinking Man’s Trader builds collectively to create one of the most complete stables of winning trading strategies in the industry. Moreover, it created a priced based model – a wrapper- that gives each strategy rules of engagement for hedge fund quality risk and opportunity control.

TMT understands how the majority think about sharing and we feel that if a trader wants to succeed, he needs to break out of the mindset that he’s the lone ranger and can do it on his own.

It does not matter if you are the person providing the idea or the person receiving the strategy idea, it is the behavior of pilfering that nags at them, “What if someone steals the strategy if it is a good system they could make millions?” People think it can’t be a good system. Otherwise, it would not be shared, and if it is a good system and I can get my hands on it, I rip it off and make a fortune for myself.

The truth is, a good strategy remains just an idea unless someone does the work to execute it successfully.

The world is full of stories about trading systems similar in nature, like breakout systems. Yet it is the effective execution that determines success or failure.

We are all human, and everyone wants to dream about the secret formula used by floor traders to scalp a fortune, and the industry peddles to that emotion generation after generation.

In reality, good ideas are a dime a dozen.

A lot of people, when they come up with a trading idea, they keep it inside. They don’t want anybody to “steal” their idea. What I have found is that giving a good trading strategy to anyone, in general, is like giving a loaded gun to a baby.

It’s all in the execution.

If you take the act of stealing off the table, there are still very valid fears behind the complicated psychology of sharing and crowdsourcing ideas.

Some people are touchy-feely about opening their idea up to review or being challenged.

So they keep the trading idea close to the vest, so they are free to daydream about it.

Trading system vendors get defensive about trying to prove the strategies value. However, when fear of criticism wins, a system developer miss out on collecting feedback that can bring an idea to the next level and make it a greater success.

Winning trader’s and system developers have to deal with changes to their precious idea and not view anyone in their team as competition.

What a Thinking Man’s Trader wants are ideas that suggest improvements or overcome problems like a directional bias. It’s natural to feel ownership over an idea, just stay mindful of its limiting impact on improvements.

When you believe in your abilities, you also believe in your ideas. You aren’t concerned about whether other people approve or if you are considered the expert.

Thinking Man’s Trader shares out of a desire to build the best library of trading systems in the industry with the best education and support its team and members. For the sheer success of a strategy and seeing that put money in the pocket of its members.

 This new business model that the brokerage side of the industry will never adhere to is the application of the numbers game to ideas, not new clients.  Instead of burning through a book of new accounts by the hundreds each year, Thinking Man’s Trader burns through hundreds of strategy ideas every year building on the ones with merit and archiving the rest.

Thinking Man’s Trader engages its members to collaborate on the code we share each month so that nothing worthy is gathering dust.

If you have only done some casual reading on trading markets, you may have heard about the psychological pitfalls traders fall into as they lose money to the industry. Now you have heard the same list of personal fears to overcome them by working with a group of people who have the same goal as you, to control and understand a winning trading system.

1. Subscribe to MarketMap 2018, link here for a sample, our service called the January 23 peak and the mini panic bottom. Our publication will tell you what to expect next, including market timing for risk and opportunity management. $89/month
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3. Thinking Mans Trader Strategy Developer Report provides monthly insight into various trading strategies from day traders to very long-term systems. The strategies are explained, and the code is provided for your trading platform. $89/month.
Comes with private blog membership for networking,  access to TM webinars, videos, and discussion forums
When it comes to improving your trading performance, this is one of the most significant steps forward you could take. By opening the door, you will be coached by one of the best, his team of traders and gain access to a unique line of trading services.
To make it easy, sign up for one and get them all for the next two months so you can judge which of the publications is best for your needs.THREE for ONE.
They all come with access to our members-only blog, so you can keep up to date on our educational briefs and opportunity/risk management recommendations.
I look forward to reading your responses and hearing from you soon.
Jack F Cahn, CMT
The questionnaire is about getting to know you and will take less than three minutes.

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