Good morning, traders…

Ben here.

For the most part, trading is an individual sport…

You sit by yourself in a room full of screens, reading charts, checking the APEX Scanner, and making trades.

Up to a certain point, trading on your own is a good thing. It forces you to learn valuable skills without relying on outside assistance. 

But eventually, every trader needs help and support.

If you think you can master the options market all by yourself, more power to you. That said, if you really felt that way, you probably wouldn’t be reading this.

If you only consult yourself for advice, you might fail to identify your errors. It’s difficult to have an objective view of your own trading. 

But luckily, there’s a way to potentially catch those mistakes before taking big losses, by embracing the concept of team trading…

Learn from Your Trading Friends

In the stock market, it’s a huge advantage to have trading friends — peers (or mentors) who can provide unbiased insight and feedback into your performance.

Peer reviewing your recent trades with a trusted trading partner can give you a fresh insight into your trading strategy.

This is one reason why I love seeing all of you chatting in the Daily Strike Alliance Chat Room — sharing select trades, strategies, and outcomes can lead to constructive feedback. 

Your friends might spot mistakes that you completely overlooked. 

An outside perspective is often less biased and can offer a fresh viewpoint on your trading habits.

That’s why it’s so important to learn from multiple traders. 

Look for not one, but a few trusted confidants in our community — traders whose outlook you admire and agree with. 

I’m not suggesting that you copy other people’s trades or chase alerts. (Don’t do either of these things.)

Instead, pick the specific parts of DSA members’ strategies that you identify with and implement them into your overall game plan.

Don’t be afraid to ask questions or respond to others when you have valuable feedback. That’s the entire goal of team trading. 

3 Ways Team Trading Can Help You Win

I learned the vital importance of teamwork while playing Division I basketball…

You see, I could practice my personal fundamentals all day to perfection. 

But if we didn’t practice as a team … we didn’t win.

And while trading may seem more like golf, where it’s all up to your individual swing, I think you’ll do yourself a disservice by thinking this. 

Start thinking about the market more like basketball, where your teammates can potentially alley-oop a slam-dunk opportunity right to your fingertips.

Here are three specific ways that team trading can benefit you:

Exposure to Different Trading Styles

By collaborating with others, you can learn about different trading styles and strategies, allowing you to diversify your own approach. 

Traders in the DSA Chat Room may bring up an idea you never would’ve considered, or look at a chart with a unique perspective. 

There’s much to gain from opening your mind to how other people think (and trade).

Emotional Support

As much as we try to remove feelings from our performance, let’s be honest … trading can be a whirlwind of emotions. 

Being part of a team provides emotional support during tough times — and extra motivation during periods of success. 

This camaraderie can help you maintain your discipline and focus when your pesky emotions are moving your mindset in the wrong direction. 

Accountability

Most importantly, team trading can foster a sense of accountability among DSA members. 

You’re more likely to stick to your trading plan when you know your peers will be reviewing the results. 

This accountability can discourage impulsive decisions and promote more disciplined trading.

There’s a lot to learn in the options market, too much for any trader to discover entirely on their own.

You never know … If you embrace team trading, you just might stumble upon a strategy, setup, or pattern that changes your entire career.

Happy trading,

Ben Sturgill

P.S. Here’s a great opportunity to share trading ideas with the community…

TOMORROW, January 3 at 12 p.m. EST — the great Danny Phee is hosting a LIVE WORKSHOP to reveal the most promising Smart Money trades of the week.

Space is limited — CLICK HERE NOW TO RESERVE YOUR SEAT.

*Past performance does not indicate future results