Holiday Delay Until MondayDue to the July 4 holiday, today's normally scheduled Commitments of Traders report will be released Monday, July 7, at 3:30 p.m. EST. Tune in here after that for my next weekly signals based on this... + Get the Full Story
Think of it as a virtual party where you talk to people who do not get bored to
death when you talk about the markets. Does it sound good so far? It gets
better.
Our goal is to create a space where traders and investors can discuss their
views on the markets and where they can rant about everything else, from the
life on the trenches to their last trade. As in many other social networks, you
will have the ability to create groups and build
communities.
We want to create a site apart from commercial media. A place where the content
is provided and ranked by the users, based on
its utility. Unlike commercial media, that either states the obvious or creates
hype around issues, we expect to create a social content site able to select
the more valuable information.
At tradingurus.com, you can participate in
public forums or create your own forums to discuss topics with your own groups.
Our features are so powerful, that you can also create your bulletins to share
information with your groups.
Do I really have to create an account?
That's entirely up to you, but at tradingurus.com, we encourage open
participation. We may use handlers, but we don't hide behind Internet
anonymity. We think that there is a space for "honest" news and
opinions, and we are creating the infrastructure to make it happen.
We know! Registering seems to be an annoyance, but we feel strongly that
Internet anonymity is dangerous when it comes to discussing how to preserve and
grow your money.
Our goal is not to bring in tens of millions of anonymous users to chatter
senselessly, but just those who do not hide behind "Anonymous" to
harass, spam or scam other users.
We have a strict Privacy Policy, and NO ONE will know more about you than you
let them know. Our users communicate among themselves with our internal
messaging system, and nobody can ever get access to other users' information
without their consent.
By registering, you will become one more member of a global, honest,
knowledge-seeking community of traders and investors who discuss intelligently,
share ideas and opportunities, teach, and learn how to succeed participating in
the stock market.
How much does it cost?
Zero, zip, nada. Tradingurus.com is free. Jerry Laster, the creator of the
site, makes his money with his trading, investing and technology projects.
Although he does not expect to make money with this project, eventually, we may
diversify the site offerings and include services for commercial users, but the
site will remain free for all the individual users.
Where is the catch?
The only catch is that you have to participate. Create a free account and rank
the information available on the site. Ask questions. Argue points. Submit your
own content. Our founder believes in the concept of "paying it
forward", the idea of doing good things
for others in order to create a better world for everybody. He got fed up with the commercial media that scream buy at the top and
sell at the bottom. He thinks that a social network of smart and honest people
can create a disruptive force and provide information that is more valuable.
Check the article How to Beat the Markets
for more on our concept of using the Web to democratize the knowledge about the
markets, and how to profit from them independently.
Isn't it that what we all want? To generate above average
returns? There are many techniques and many gurus teaching them. Some of these
work, some don't. Some work only on trending markets, some only during bull
markets.
After
a while, traders and investors become adapted to a particular trading method,
or develop their own. Some traders have above average returns, some have above
average loses, and thus the benchmark market we all want to beat is born.
What's important is to remember that we are trying to be above average.
My
idea when creating www.tradingurus.com was that being "above average"
when trading the markets is a too tall order for any individual trader or
investor. With that in mind, I wanted to create a new concept in trading sites.
A site where the collective knowledge of the community of traders is filtered,
processed, and utilized for achieving extraordinary results. I think that
mathematically it is a sounder concept than that of the individual trader
trying to rise above the median.
How are we different?
First,
our user interface is ugly, and it was described by Killer
Startups as looking like an "underground technology forum"
(trust us, we are working on that).
Besides
that, the main difference with other free sites where you can turn for market
opinion, or for improving your trading skills, is that those are electronic
magazines with user participation. Professional writers publish their articles
and you are fed "their knowledge", of course, you can always leave a
small comment that is going to be forgotten with the article. When you think of
it, is a really passive concept. And if you are looking for higher returns I
bet there is nothing passive about your attitude.
Moreover,
since those articles follow the principles taught in journalism schools around
the country, they do not age gracefully. There is no follow up to the ideas,
there is no way to go back one year from now and learn something from them. At
www.tradingurus.com we aspire at something different, a dynamic, alive body of
knowledge contributed by the market participants. Many voices and many ideas
with a clear structure for discarding the information that is "not working",
will create a higher level of understanding of the markets.
It's a Wiki! It's a social! It's a forum! It's a blog! No, it is
www.tradingurus.com!
Our
concept is to provide users the tools to share knowledge. You can think of
www.tradingurus.com as a Wikipedia for investing ideas and techniques, and a
YouTube for market calls, a FaceBook for meeting traders, and a Blogger for
financial rummages, and a free forum.
If
you are technology savvy, you will have noticed that our site is built on Open
Source technology. We think that the Open Source model for ideas driven
products is sound and effective, and we want to be an Open Source repository of
trading ideas and concepts.
We are trying to be a lot, because we think
that beating the markets takes a lot.
We
have been live for just two months, and our traffic ranking during those two
months increased by about 1000%. The number of registered users has increased
by even a larger percentage. We wish we could buy stock on our traffic ranking!
We
think the growth is due to our giving something to our readers. And we expect
this growth to continue. As it does, we want to meet new people and discover
new ideas. www.tradingurus.com is about improving our results, but it is also
about improving ourselves.
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