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you are a day trader looking to join a good day trading chat room, is Investors Underground the right choice for you?
Is it really good?
Can it really help you improve your trading performance as a day trader?
Lastly, are there any other better alternatives?
These are all valid questions that you should ask before you decide on a day trading chat room.
Because you don’t want to waste your money on the wrong trading chat room, or worse follow the wrong trading advice and lose money as a result.
Here, I’m going to share with you everything you need to know to help you make an informed decision.
What To Look For In A Day Trading Chat Room
Here are the things I will consider when it comes to choosing a day trading chat room:
- Who is running the day trading chat room? Is he a reputable trader with a good track record?
- What kind of support can you expect from the day trading chat room? Are there live trade callouts? Do you get to watch experienced traders trade live with commentary?
- Do they provide any help if you have questions? What about 1-on-1 mentorship?
- Do they send out a daily watch list that consists of stock charts, game plans, and rationales to help you prepare for the next trading day?
- Do they provide courses that teach you profitable day trading strategies?
- What are its reviews? What did its members say about it?
- How much is it to join the trading room?
Do You Really Need A Day Trading Chat Room?
First of all, do you really need a day trading chat room?
If you are just starting to day trade or you’ve been day trading and losing money, then it’s good to join a day trading chat room to learn from profitable day traders and find out what you are doing wrong and what you should do to become profitable.
So, here are some benefits you will get from joining a good day trading chat room.
Benefit #1: You get trade callouts and also live trading alerts from other experienced traders
If you have been day trading stocks for a while, you probably know that it’s impossible to track and monitor every single stock.
For volatile stocks, its prices can move very fast.
By the time you saw it, you would have probably missed some good trading opportunities.
Trading together with a group of experienced day traders, you have so many more pairs of eyes to help spot good trading opportunities.
Below is an Investor Underground member’s review. (By the way, @InvestorsLive is the twitter handle of Investor Underground founder, Nathan Michaud.
Reason #2: You can cut your losses early when others alert you that you are on the wrong side of the trade.
You probably already know that all traders have both winning trades and losing trades.
The thing that separates a profitable and good trader from a non-profitable trader is good traders have the discipline to cut their losses short when they are wrong.
Sometimes, you might not realize that you are on the wrong side of the trade soon enough, and that mistake can even wipe out your entire account.
Being in a day trading chat room, you have other seasoned traders watch your back.
Reason #3: You can learn from experienced day traders and improve your trading
You can read all the trading books you want, but nothing beats watching a good trader live trade and learn about his thought process.
For example, what did he see that makes him think it’s a good trading opportunity?
What was his trading plan?
How did he manage his trade?
A good trade is NOT all about picking the best entry price.
More importantly, it’s about how to manage the trade.
What position sizing strategy was he using?
What was his exit plan?
You can learn a lot from trading alongside a good trader in real-time:
- Get better at recognizing trade setups
- Learn how to manage your trade better
Reason #4: It’s also a great place to forge a good friendship
It can get very lonely if you are day trading all by yourself at home.
Being in a day trading community, you surround yourself with like-minded people who share the same passion as you.
There are a lot of people you can talk to about trading.
What Is Investor Underground (& Who Is Behind It?)
Investors Underground is an online day trading community founded by Nathan Michaud in 2008.
It offers a variety of day trading chat rooms, day trading courses and day trading 1-on-1 mentorship.
First of all, who is Nathan Michaud?
Nate is a well-known momentum trader in the trading community with more than 10 years of stock trading experience.
He is well known for his unique ability to read points of inflection & exhaustion in moment stocks, making him a “go-to” guy in the world of day trading.
In the day trading community, he has become a “must follow” as you can see he has close to 120,000 traders following him.
Is Investors Underground Trading Room Good?
So, is Investors Underground trading room good?
Is it worth investing in it?
Okay, let’s first take a look at what it can offer you if you join them.
Day Trading Courses
It offers you two great day trading courses that cover everything you need to become a profitable day trader:
- Textbook Trader
- Tandem Trader
These two day trading courses are one of the most comprehensive trading courses on the market.
With Textbook Trader, you get 8+ hours of content that covers everything from the foundation to profitable trade setups and trading strategies with real trade examples.
With Tandem Trader, you get 12+ hours of content that includes Nathan’s tick-by-tick commentary on REAL trades and consistently profitable day trading setups.
In these trade recap videos, they will do a trade breakdown on the trades they placed during the trading week.
They break down the initial game plan, what they did right, and what they did wrong.
This is very valuable because by learning from past wins and mistakes, you will know what works and what doesn’t
By doing more of what works and less of what doesn’t, you will improve your trading performance in no time.
Lastly, they also host a few webinars a month.
During the webinars, they will discuss new trading concepts, go over recent trades, and answer questions from members.
So, with Investors Underground, it’s really committed to offering you the best learning resources to help you trade better.
Daily Stock Watch Lists
To help prepare you for the following day’s trading, it will send out daily stock watch lists.
The daily watch lists consist of the top stocks to trade for the upcoming day.
These watch lists are sent out in the afternoon, so you have plenty of time to prepare before the market opens the next day.
Each watch list consists of stock charts, game plans, and rationales.
They show you the setup that they are going to trade on and also explain the game plan with a detailed rationale.
So, you will be prepared for the move and learn to understand why they are trading these stocks, so you can recognize the trade setup next time and also know how to trade it.
Active Day Trading Chat Room
Their day trading chat rooms are the most valuable component of their membership.
Just imagine thousands of day traders scanning the markets and sharing their best ideas in chat.
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.
How valuable is that!
There are three different chat rooms:
- Momentum chat room (their main trading room)
- Swing trading room
- Penny stocks trading room
Inside the chat room, you not only can expect trade callouts from experienced traders, but you can also get live trade commentary.
If you have a question about a particular setup or anything else, you can be sure that one of the moderators in their chat room will be more than happy to help.
1-on-1 Mentorship
Yes, you also get personal mentorship from experienced traders like Nathan Michaud and his team of professional traders.
If you go through the profiles of their team, you will notice that all are professional traders themselves and are helping run the chat room.
So, you can be assured that you will not be left out on your own when you are struggling with your day trading.
See all the members’ reviews and testimonials of Investors Underground
Is Investors Underground Right For You?
Investors Underground is good for day traders who are either just starting out or you are struggling with your day trading.
Here’s why.
They offer tons of great training videos where you can learn their consistently profitable trade setups and trading strategies.
What’s more, they also include tick-by-tick commentary, so you know the thought process behind each trade.
On top of the educational resources, they also have trading rooms where you trade alongside other successful traders and get their trade callouts and alerts.
Most importantly, you get to watch them live trade and learn from them and get feedback from them on your trades.
They also offer personal 1-on-1 mentorship, so you know that you are not alone in your journey.
So, if you are serious about day trading, then you should probably consider joining Investors Underground because it has a lot to offer you in terms of educational resources, support, and guidance.
See all the members’ reviews and testimonials of Investors Underground
How Much Does Investors Underground Membership Cost?
Now, how much does Investor Underground membership cost?
It has three different pricing:
- $297/month
- $697/quarter (save $194)
- $1897/year (save $1667)
Here’s what is included in the membership:
- Pre-Market Broadcast
- Live Trading Floor
- Daily Video Recap
- Nightly Watch List
- Morning Call
- 1000+ Video Lessons
So, which one is right for you?
The best deal is definitely the annual membership which gives you a saving of $1667.
But, if you are tight with funds, you can always try out their monthly membership for $297 a month.
If you find that it can help you make a lot of profitable trades, then you can always upgrade to its annual membership later on.
If you are interested in their day trading courses ” Textbook Trader” & ” Tandem Trader”, they sell separately for $997 each.
But if you get the annual Investor Underground membership, you can get these great ” Textbook Trader” & “Tandem Trader” for a lot cheaper. (i.e. these two day trading courses at $800)
See all the members’ reviews and testimonials of Investors Underground
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