We've got a new idea inspired by all the great trades being posted in the War Room and would like to get some feedback from the community. We like to call it the Trade Of The Month.
The Trade of the Month will highlight some of the best trades (trade post/diary post) each month and the very best trade will be awarded the prize... respect! On top of that the monthly winner will get a shiny new badge for their profile. Anyone who is chosen 3 times for TOM status will eligible for further prizes yet to be determined.
This is how we want to do it. After much deliberation we've decided it will be best to create a sub-forum of the Members War Room called Trade Of The Month. In that sub-forum we'll create a new thread for each month. All traders will then be able to post ONE (1) trade per month for consideration. At the end of the month the thread will be closed and the moderators/pros will go back and chose the trade they like the best.
This is what we will be looking for;
Actual live trades, or trades made on the Communitraders Demo platform, no virtual trades or trade ideas please.
Screen shots, at least a few. Screen shots should show the charts that led to the trade decision, and then another chart showing how the trade ended up. Also, shots of trading account/trading history or order confirmations including shots of Communitraders if applicable. Charts should be detailed, use your screen capture technology or other to draw arrows, lines, circles and to annotate what you did, why you did what you did and from what level you did it. Be sure to clearly mark entry candles and expiry candles.
Commentary. It doesn't have to be a book but we will need to see some commentary explaining the charts, the set up, why/what you did, trading rules, expiry and outcome. Trades do not neccesarily have to be a winner if they show a GREAT educational opportunity for other traders.
The best trades will have clear entries, use sound technical trading principles and be supported by good analysis.
This link goes to Boss B's diary, a good example of trading posts that could be considered for Trade Of The Month...
Please, let us know what you think and how we might be able to make this idea even better!
UPDATE! New BADGES!
Blue TOM - 3 Times a Winner!
Purple TOM - 10 Times a Winner!
Goodluck all, trade well!