StockTradeTeam.com Is Born
Then r/wallstreetbets started doing their thing and causing waves across the trading community by blowing up shares of GME. Pretty soon this was headline news and millions of investors looked at the stock market in a different way. Tons of cash flew into new accounts and retail investors rallied like never before. I realized that many of these new investors are probably very naïve and will really need help to learn the ropes. That’s when I had the idea to create a stock trading league and make it competitive much like fantasy sports.
I began building stocktradeteam.com on January 25th, 2021 and initially only planned to create a YouTube channel as well as stream my live trading while also providing free alerts via SMS. While I still plan to incorporate streaming functionality and alerts these have become additional features behind the stock trading league concept.
Here’s what I have so far. Picture a web site like LinkedIn or Facebook where subscribers create a detailed profile. The point of this profile is to focus on and highlight your investing skills, knowledge and credentials for the purpose of joining a team of like-minded traders. As a team you can compete in trading seasons where you are ranked against other teams to win the championship. Teams will be divided into divisions which are classified by team size and preferred trading style. Divisions can include day trading, swing trading and long-term investing.
Team managers are subscribers who decide to lead a team of traders through a season with the help of their coaching staff. Managers will carefully construct a knowledgeable team of coaches then begin recruiting team players during a pre-season period. All teams will have numerous tools available such as indicators, charts and alerts through their team page as well as the ability to stream content. I envision managers streaming to their team throughout the live trading day with the help of their coaches and a team playbook which highlights your teams’ strategies and techniques. Then at the end of each trading day, stocktradeteam.com will import team trading data and score teams by their trading success through out the day.
This just scratches the surface of what this platform can be but it’s a great start and really seems like a lot of fun. My plan is to continue building stocktradeteam.com and all the features I described here plus all the other great ideas I have while I seek funding. I have begun the website and will leave it live as I continue to build so people can view our project and get excited about the first season. If you think this is an awesome idea and want to be a part of it, please consider donating to my cause. I’m very excited to bring this project to life and I hope you’re as excited about it as I am. See you soon on stocktradeteam.com