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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.
Best FREE Day Trading Room – Trade Ideas
Trade Ideas provides unlimited access to its FREE day trading room where you can meet other day traders and discuss in real-time stocks that have been triggered by various Trade Ideas strategies.
All you need to do to join the trading room is to sign up for free on Trade Ideas website.
If you don’t already know about Trade Ideas, it’s a very powerful artificial intelligence trading software that helps you automatically and continuously scan the market for trade setups that you can design using its 200+ filters and alerts without even one line of coding.
On top of that, Trade Ideas AI Holly will display the best 5 to 8 trading strategies (out of over 50 AI trading strategies) for you with at least a 60% win rate before market open with exact entry and exit and also position size.
This is actually after Trade Ideas AI Holly has run millions of trading scenarios overnight and optimized the strategies and taken into account of all the fundamentals and social mentions.
Inside the trading room, you will also see first hand how Barrie uses Trade Ideas technology to find profitable trade setups as it happens in real-time.
The trading room is live from 9:00AM to 3:30PM NYC time from Monday to Friday.
Barrie Einarson, an experienced day and swing trader, is the moderator of the Trade Ideas Trading Room.
So, what can you expect from joining the trading room?
Barrie not only will share his trading screen live with you, but he will also call out his trade ideas in the trading room and share with you why he takes a trade and then show you exactly how he manages his trade.
At any time, you can ask him any questions you have.
Below is just a few of the many testimonials from the trading room members.
Join Trade Ideas FREE Trading Room Here 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.
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 my detailed review of Bulls On Wall Street day trading room
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 should always stay away from penny stocks because the underlying companies are not good businesses.
But, when it comes to day trading, I think penny stocks could be a good candidate because of the high volatility in their stock prices.
And trading is all about profiting from the price volatility. (Bear in mind that high volatility also means high risk!)
So, can you make money trading penny stocks?
It’s definitely possible if you have a profitable trading strategy and good risk management.
Without a profitable trading strategy and good risk management, it’s 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 my detailed review of 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 my detailed review of Timothy Syke’s Penny Stock Trading Chat Room