The Road to Successful Trading


Tapping into your broker resources


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Tapping into your broker resources 
On line brokerages such as Think or Swim offer a stunning array of educational services and 
group communications.
For example: 
1. 
As a client, you have access to ask questions from experienced brokers and traders. 
The staff at Think of Swim has been taught to spend the time necessary to help trading 
clients because the industry understands that happy traders are revenue generators. If 
their clients are successful, the company benefits.
2. 
Some brokerages offer almost daily online webinars where company experts talk 
about timely subjects. 
How to Design and Construct An Effective Trading Plan 
63
3. 
Trader Chat rooms where traders can establish online relationships and the exchange 
of experiences and information. 


4. 
Some brokerage offer special guest speakers and market experts. 
5. 
If you use a “brick and mortar brokerage”, you can develop trading relationships 
with other by hanging out at the brokerage and finding out who else is trading. 
The main idea is that there is a less intense but low cost way to make connections with others who 
share your unique occupation. They may not offer the talent of a good mentor, but it is a way to get 
outside of yourself. It is not uncommon to see online traders form very important professional 
relationships that carry very little baggage and are based on total sharing and a commitment to 
success of all in the communications” loop”. Not only that but everybody knows it’s a lot easier to 
be honest and straight forward with someone you don’t really know. Just ask the stranger at the bar. 
As a rule, it is best not to discuss your trading activities with those who have a limited 
understanding of what you are doing. This holds especially true for those close to you yet a trader 
is only human and more than likely has the need to communicate on something as important as 
what they do. Indeed, most traders make an extra effort to separate professional from personal life,
mainly because it is a complex subject and most spouses want to fully understand where the money 
is going. (Not so much about where it is coming from….just as long as it keeps coming!) 

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