Hi guys,

My homies have been active traders for some time, and we have the analytical skills to make intra-day profit (albeit in the US market) for some time.

But we also found that we can be more effective and more consistent if we go into the market with a team effort by sharing analysis.

Essentially we are mulling over the idea of forming in investment club. Investors with similar profiles (risk, capital, etc.) can form teams and run the market with the same direction as opposed to going at it alone.

However, we also know that it will only work if all team members have the same knowledge foundation (and happen to not be a jackass). That's the dilemma for us.

So if any of you think this is something that we can explore together, please do PM me and we can have a private discussion.

Thank you.

ok i'm interested, but what is your interest in this? are you a remisier or agent?

There's no agent or middleman. I'm looking to be a team member too (if it works out)

WoW.. cool.. i like the idea...helping ur self by help each other.. win win situation =)

Glad you like the idea.

We are thinking of setting up a face meeting somewhere in Feb and explore how we can pursue this. Guys, do let us know if you're interested to join in.

I think it is good to form LYN Investor Group, as to include current members on board to join stock discussion or whatever. Discuss stock over a cup of coffee in starbucks. Well, you know what I mean.

=/

Haha... WoW.. thats really cool.. but too bad i wont be around to join u guy then.... hope i can be an online partner.. hehe... Like the idea though.. think its gonna be fun.. especially when it involves making money... =D
Happy Chinese New Year guys..

i think is a good idea, and i interest in this. pm me.
i believe is to share around TA & FA skills.
it will be a good club.
may i know currently how many member in club>?

the location? but im in Sarawak lol.. im strictly TA only thou..

This post has been edited by jong52yuara: Feb 8 2008, 02:09 PM

Will these club produce any better info than broker's research reports or simple weekly The edge? At least the $1.20 star business team sometime conducts interview/meetings with insiders top management of companies they are interested in

The club strenght will be predicting and speculating

Here's my 2 cents about being cautious when it comes to these investor clubs.

Provided these investor clubs are just purely about information-sharing, and not fund-sharing, you are more likely to be "safe".

The situation you have to avoid is joining a "club" in which some members make investments in advance of a "membership meeting". In this case, you are at the disadvantageous position of making late entry into an investment when everyone else in the room has made an earlier entry - thus your entry benefits them.

The other one to avoid is where they pool funds. In this case, again, your risk is that the funds are used to support an earlier investment.

However, that said, there are some very useful investor clubs out there. I belong to one in which all the members are either corporate financiers, equity analysts in investment banks, highly-placed business media journalists / editors, or fund managers. Goodness gracious, it's so amazingly helpful. You get advance notice and discussion on investment ideas before it appears in the business press or in a research report. You also get great discussion on stocks under consideration by funds. A step further, you even get to tag along on research trips to other countries.

My experience is that it's very hard to get invited into the better investor clubs. Some sort of investment track record helps.

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Added on February 10, 2008, 5:29 pmMost of the investor clubs I am familiar with are more about making long-term investments, or identification of the arbitrage opportunities in the market.

(1) For a day-trading type of investor club, I would feel that the investor club would be almost more like a daily discussion of news.

(2) Compare this with long-tem investment type of club I am in right now, it's a mixture of mailing lists, active discussion and analysis of an investment opportunity (we can cover different countries), occasional lunches / meetings with senior management / key shareholders of listed companies (someone inevitably has access) to get an advance feel of the quarterly results or even private placement opportunities.

You can see the difference in (1) and (2). (1) requires a daily time commitment to the group. I would think that every group member must really contribute in a daily manner to the group, hence I understand's GRex's statement re: wanting to make sure that the club members are proficient and serious.

This post has been edited by Playbook: Feb 10 2008, 05:31 PM

Kinitos, imagine if your club members are actually the people behind those research reports or writing in those business publications (which is the club I am in). That's the edge you have. You are shaping the business news in Malaysia before it gets published.

For example, for those business journalists, it also benefits them a lot. They get to:
(1) Have a steady stream of article ideas.
(2) Debate the merits and demerits of an investment, often with the draft of an article, with the other group members. That tightens up the entire article before it gets published.

I think GRex is on to something here, and I do recommend people share investment ideas with each other. Just be careful whom you are doing it with (is everyone getting equal access to the information, i.e. no one is making an investment before sharing the information) and the quality of the people you have in the group.

Opinion appreciated. Thank you.

good idea. any updates?

We are sorta coming together for a face meeting this coming Saturday in KL.

You're welcomed to join. Do PM if you'd like to come

Under NASD's amended Rule 2520 & NYSE Rule 431, intra-day trading a.k.a pattern day trader requires >=USD25k for margin trading. Then u will get 4x intra-day trading margin (that's what i got from etrade.com, i am not sure about other brokers e.g. optionsxpress.com)

Once balance falls below USD25k, u are restricted to cash-only transaction for 3 months.

GRex: u throw >USD25k into US stock market? which online broker do u use?

I am interested to join the investors club. Count me in.


Disclosure:
=======
I have both etrade and optionsxpress account, but i am not pattern day trader anymore.
On TA aspect, I know only RSI, MACD, Bollinger Bands & Fibonacci.
I have short positions on US financial stocks now. ^^b

This post has been edited by cloud9_lee: Feb 16 2008, 04:55 AM