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Are you looking for day trading chat rooms to join? There are obvious benefits that come from being part of a good trading chat room. But, how do you tell if the trading room is actually worth your time and money? And how do you decide which one is the best trading room for you?
After going through so many day trading chat rooms out there, I’ve narrowed it down to this small list of best day trading chat rooms for various trading styles and products.
Timothy Sykes’ Live Trading Room(Best For Penny Stocks)
If you are day trading penny stocks, then you probably have heard of Timothy Sykes’s live trading chat room.
He is probably one of the most well-known penny stock traders because his millionaire penny stock trader story ( i.e. he turned $12.415 into $5,237,584) was featured on national TV and also a lot of major publications such as New York Times, Forbes, and Inc.
Although his over-the-top marketing might not be my cup of tea, I must say that I am really impressed by his trading results.
Because not a lot of traders have such consistent and massive returns year after year for 7 years straight.
When you look for a good trading chat room, one of the most important things is to join one that is run and managed by a CONSISTENTLY PROFITABLE day trader.
This is because that’s how you can tell if the trader has solid trading skills and knowledge that you can learn from.
When it comes to investing, I recommend you stay away from in penny stocks because the underlying companies are not good businesses.
But, when it comes to day trading, I think penny stocks are a good candidate because of the volatility in their stock prices.
And trading is all about profiting from the price volatility.
So, can you make money trading penny stocks?
It’s definitely possible if you have a profitable trading strategy.
Without a profitable trading strategy, it’s equally easy to lose a lot of money because the price can move in the other direction fast.
So, if you are serious about day trading penny stocks, then I would recommend that you check out Timothy Syke’s live trading room.
Currently, he offers two different tiers of trading alert services.
TIM’S Alerts ($74.95 /Month)
- Daily Chatroom Access
- Daily 5-10 Stock Watchlist
- Realtime SMS, Email, and Push Alerts
- Realtime ProfiDing Trade Alerts
- iPhone & Android App
The next tier is Pennystocking Silver Membership ($149.95/Month) which includes everything in the TIM’s Alerts plus his 6,000+ Video Lesson Library and Weekly Video Lessons.
If you already know about penny stock trading, then TIM’s Alerts is good enough for you.
But if you are a complete beginner, then I would recommend the Pennystocking Silver Membership which comes with all the educational video training.
So, is it worth investing in his penny stock trading alerts?
Well, trading penny stocks are risky because they are very volatile.
But, on the other hand, it’s exactly the huge volatility that makes it possible to earn big bucks (or lose money) in a very short period of time.
If you really want to give penny stock trading a try, it’s best that you learn from someone who has achieved the success you want and there is no better trader to learn from than Timothy Sykes.
My advice is that you can sign up for TIM’S Alerts ($74.95 /month) for one month and see if it’s a good fit and if you can get a lot of value from him.
Even if you decide it’s not a good fit, you have at least given it a try and the maximum downside is $74.95.
But, if it does, chances are that you can easily make back your investment and more in a single trade using his Trade Alerts and his trading methods.
Check out Timothy Syke’s Penny Stock Trading Chat Room Now
Investors Underground Trading Room (Best For Momentum Day Traders)
Investors Underground offers one of the best momentum day trading chat rooms.
It is started by Nathan Michaud, a well-known momentum trader in the trading community with more than 10 years of stock trading experience.
In the day trading community, he has become a “must follow” as you can see he has close to 120,000 traders following him.
Here are some of their member’s reviews of the day trading chat room.
See all the members’ reviews and testimonials of Investors Underground
Although they offer three different chat rooms (Momentum chat room, Swing trading room & Penny stocks trading room), you will probably get the most value out of the momentum chat room because that’s what they are known for.
So, what can you expect from their momentum chat room?
Inside the chat room, you not only can expect trade callouts from experienced traders, but you can also get live trade commentary.
What’s more, you will be trading alongside many successful day traders who share their trades in real-time and giving alerts for future trades.
If you have a question about a particular setup or anything else, you can be sure that Nate and the moderators in the chat room will be more than happy to help you.
The best part is that they even offer 1-on-1 mentorship to help you trade better.
How much does it cost?
It offers monthly, quarterly and annual plans.
Its monthly plan is $297/month while its quarterly plan is $697 per quarter (or $232/month).
If you are serious about day trading, I would recommend its annual plans for the greatest savings at $1897 per year (or $158/month ) because it’s almost 50% cheaper than the monthly plans.
Bulls On Wall Street Trading Room
Bulls On Wall Street is another live trading room that has been around for many years.
It was started by Kunal Desai, an experienced day trader and an international speaker at trading events.
There are two live trading rooms offered by Bulls On Wall Street:
- Day Trader Trading Room
- Swing Trader Trading Room
The live day trading chat room is run by Kunal himself where he does live screenshare to show you exactly how he trades live.
Also, he will share day trade ideas in real-time.
On top of that, you will also get daily stock watchlists to help you prepare for the following trading day, live market recaps & analysis, on-demand day trading Bootcamp, and guest workshops with top traders.
Lastly, as a member of the trading room, you get instant access to its accelerated trading course which teaches you Kunal’s proprietary Bulls method of trading.
How much does it cost?
They offer both monthly and annual plans.
Its monthly plan is $199/month (or $6.67/day), which is quite affordable compared with other day trading chat rooms.
The annual plan is $1499/year (or $4,10/day).
Although the annual plan gives you a huge saving, you can always try their day trading for one month to see if they are a good fit for you in terms of trading style.
Check out Bulls On Wall Street Day Trading Room
Warrior Trading Trading Room
Ross Cameron, an experienced day trader, started Warrior Live Trading Room in 2014.
In January of 2017, he funded a brand new trading account, with just $583.15.
Then, he managed to turn $583.15 into over $100,000 in just 44 days.
In two years, he grew $583.15 into $1,000,000.
With impressive trading performance like this, it’s safe to say that Ross has a lot to offer to both beginners and experienced traders.
Ross runs a live day trading room for traders who trade small-cap stocks.
Mike, another trader at Warrior Trading, runs the large-cap trading room.
Below is what you will get if you join the trading room:
- Daily Live Audio/Video Feed of Ross & Mentors Trading
- Market Commentary from Pro Traders
- Daily Hot Stock Watch List
- Live Streaming Stock Scanners
- Access to their Proprietary News Feed
So, how much does it cost?
If you opt for listen-and-view–only access, it’s just 197/month (or $99 if billed yearly).
But if you want full access to the trading room, you will also have to purchase the trading courses.
There are two packages:
- Warrior Starter
- Warrior Pro
For Warrior Starter, it’s $997 for only the starter course (i.e. a very general trading course) plus one-month of trading room access.
After 30 days, you will be auto-billed $197 per month for the trading room access.
For Warrior Pro, it’s $5997 a year for all their courses plus one year’s access to the trading room.
This is very expensive compared to other better alternatives out there.
For example, Investors Underground’s annual plan for the live trading room is $$1897 per year (or $158/month).
If you choose Investors Underground’s annual plan for live trading room + trading course bundle, it’s $2697 per year.
Price-wise, Warrior Pro is almost double the price of Investors Underground.
In terms of trading room features, you get a lot more personal help from Nate and other traders from Investor Underground because their objective is to help traders trade better.
So, if you are a serious trader, you will get more out of joining Investor Underground.
Check out Investors Underground & Try Out Free Video Lessons Here