In this episode of 2Traders Podcast, Darren and Walter look into brainstorming and trading communities. Sharing your ideas (and hearing different points of view) can help your trading. But should you always join trading communities? When might they not aid your trading?

Darren shares the results of an interesting research study about groups. He also shows you how to stimulate your thinking to come up with new ideas.

Walter shares a unique way for adding science into your own worldviews and how this can lead to profits when done correctly.

You’ll also learn how a fighter pilot’s evasive maneuver can save your trading game.

Download (Duration: 38:46 /44.3 MB)

In this episode:

00:41 – bouncing around

02:59 – scattering of people

04:48 – a conformity thing

06:33 – refining the idea

07:58 – unrecognizable

10:04 – trading garments

12:23 – element of discretion

15:13 – filtered wrong

17:09 – breakthrough

18:52 – constantly tinkering

20:32 – die and wither

22:25 – focus group

24:49 – different fields

25:57 – fighter pilot

28:40 – “aha!” moment

30:05 – surfing

32:15 – record that idea

34:48 – think differently

37:34 – worst idea

Tweetables:

Ideas needs to be criticized to actually develop into something. [Click To Tweet].

Successful traders follow a strict set of rules. [Click To Tweet].

Work outside the box and be unique with your ideas. [Click To Tweet].

Download The Full Episode 66 Transcript Here

Darren: Just because everyone is listening to some guy and he shines and the loudest, and he’s got a big personality, does not necessarily mean it is a good idea to listen to his ideas…  

Announcer: Two Traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.

Walter: Welcome to the Two Traders Podcast. Walter here. Hello, Darren.

Darren: Evening, Walter.

Walter: Darren, last time we were talking about this idea that you had been bouncing around in your head and I thought it was really a good one for an episode which is this idea of brainstorming and how people come about with ideas.

I’ve always thought that it was quite funny. If you’ve ever been in a job where decisions are made in a group and you have this so-called meetings, they can be hilarious. The point is, you had this idea of a brainstorming and you’ve seen some research, I believe… Can you explain to the listeners what exactly you’ve been thinking about in terms of brainstorming and coming up with ideas?

Darren: Just the research suggests that how we do it is wrong and we get it wrong. The idea there is if you’ve got a group of people together, then from that,