The MtM Team Project!
Posted on October 22nd, 2009
Written by Richard
Posted in: N/A (old archives)
You may have noticed that I haven’t been posting the last couple of days. I’ve been putting a lot of thought into a project I’m going to try, called the Move the Markets Team.
What Is It?
I want to put together a small, private group, dedicated to technical analysis research and study. I want there to be a real emphasis on real-time chart reading, so that we actually try to use the stuff we’re working on. In addition, I will share open code of indicators I am working on (I’ve even started negotiations with EOTPro to open up some of their indicators over time).
The group will be small, so that we can keep things productive and respectful. As soon as the group starts to feel too big, I’m going to cut off new registrations. The group will be private, so that we can freely share our insights without telling the whole world. The group will be cheap to join ($29/mo), so that even beginners will have no trouble participating.
You know I’m used to charging $233/mo for closed-source, leased indicators… so letting people choose a price all the way down to $29 for open sourced indicators plus a team to collaborate with is a bit of a leap of faith! But, I think it will be a win for all of us in the end.
You can learn more about the kinds of activities I have planned on the MtM Team page. Like all new ideas, I haven’t tried to set anything in stone… I just want to see if the idea takes off and where it evolves.
Why Do This?
Over the years, I’ve gotten a lot of requests for private mentoring. I usually turn them down due to time constraints, but when I do take an interest, not one prospect has been willing to pay my normal fees. Obviously, a lot of people desperate for mentoring are also not in a very good financial situation.
The MtM Team is my answer… instead of expensive one-on-one mentoring, I want to build a small group of people enthusiastic about technical analysis. I can do this on a very cheap basis, and hopefully we can all help each other. It’s an experiment… we’ll see!
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.