Can anyone point me to a place / room where people actively trade?
- Thread starter Concinnity
- Start date
I'll break down the chat I'm on most of the time:
9:30 am: what's moving, what are people thinking on the general market
10:30 am: start talking about women/politics/whatever OR if it's a massive day, more moves
12pm: complain about market going to lunch/go have lunch, keep talking about women/politics/whatever
2pm: start looking at trades into EOD/tomorrow
It's fun. There is little need to be constantly talking about the market (IMO) though I may not be at the level that others are at where they are trading tens or hundreds of ticker sper day.
9:30 am: what's moving, what are people thinking on the general market
10:30 am: start talking about women/politics/whatever OR if it's a massive day, more moves
12pm: complain about market going to lunch/go have lunch, keep talking about women/politics/whatever
2pm: start looking at trades into EOD/tomorrow
It's fun. There is little need to be constantly talking about the market (IMO) though I may not be at the level that others are at where they are trading tens or hundreds of ticker sper day.
Baron
ET Founder
The problem with real-time chat/voice rooms is one thing: They don't scale... period.
It's easy to say, "I just want to connect with a couple of like-minded individuals that are on the same page and want to help each other".
Ok, well what if you set up a room and 10 "like-minded people" show up? Ok, great... What about if 50 show up? What about if 500 show up?
You ever been in a chat room where 500 people are present in real-time either via text or voice? Have you ever watched a popular youtube live stream and watched what the chat looked like on the right side?
Well let me tell you... It's a total clusterfuck. Everything being posted scrolls by so fast you can't even read any of it.
Futhermore, get a Zoom call going with more than 6 or 10 people that can speak simultaneously and see what happens. Again, completely useless.
So here we are at ET... 24 years later and we still cling to the forum format. Why?
First of all, it scales. It can handle thousands of users and replies to a single discussion thread.
Second, nobody had to be in the conversation in real-time to benefit from the discussion like you do in a real-time environment.
Third, forum conversations are archivable and searchable. Wanna see what it was like when people were trading during the dot com boom? Easy, just go to the Trading forum here, click on the "start date" column and then click it again, and you'll be viewing threads from back in 2001 just like you were right there in that moment.
I could keep going but you get the picture. I'm not saying a real-time environment doesn't have value, but it's more for small targeted groups that really don't even want to get that big to begin with. That's why you see services like discord, slack and others provide so many ways for users to create an infinite number of smaller, more targeted groups via servers, rooms, hashtags, etc. Without those features to keep chat groups super small, real-time collaboration is just a disaster otherwise.
It's easy to say, "I just want to connect with a couple of like-minded individuals that are on the same page and want to help each other".
Ok, well what if you set up a room and 10 "like-minded people" show up? Ok, great... What about if 50 show up? What about if 500 show up?
You ever been in a chat room where 500 people are present in real-time either via text or voice? Have you ever watched a popular youtube live stream and watched what the chat looked like on the right side?
Well let me tell you... It's a total clusterfuck. Everything being posted scrolls by so fast you can't even read any of it.
Futhermore, get a Zoom call going with more than 6 or 10 people that can speak simultaneously and see what happens. Again, completely useless.
So here we are at ET... 24 years later and we still cling to the forum format. Why?
First of all, it scales. It can handle thousands of users and replies to a single discussion thread.
Second, nobody had to be in the conversation in real-time to benefit from the discussion like you do in a real-time environment.
Third, forum conversations are archivable and searchable. Wanna see what it was like when people were trading during the dot com boom? Easy, just go to the Trading forum here, click on the "start date" column and then click it again, and you'll be viewing threads from back in 2001 just like you were right there in that moment.
I could keep going but you get the picture. I'm not saying a real-time environment doesn't have value, but it's more for small targeted groups that really don't even want to get that big to begin with. That's why you see services like discord, slack and others provide so many ways for users to create an infinite number of smaller, more targeted groups via servers, rooms, hashtags, etc. Without those features to keep chat groups super small, real-time collaboration is just a disaster otherwise.
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Completely agree. Voice doesn't scale. The happy medium seems to be between 5-10 active voices throughout the day.
Yeah, I agree with what most people are saying. Every person you involve exponentially increases the difficulty to keep the integrity, structure and to make it work effectively. I even mentioned this in my last post.
A little late, but I see now I very obviously and poorly worded my initial post and title. I should of put in my first message that I was essentially looking for an individual to work with and at max maybe two other people. Clearly my message reads more as that I am looking for a larger group or community. So, clearly I am at fault for a lot of the responses here.
At any rate. I think it's more clear now.
A little late, but I see now I very obviously and poorly worded my initial post and title. I should of put in my first message that I was essentially looking for an individual to work with and at max maybe two other people. Clearly my message reads more as that I am looking for a larger group or community. So, clearly I am at fault for a lot of the responses here.
At any rate. I think it's more clear now.
Yeah, I am sorry I agree with everything you're saying. Not sure why I titled and did my post that way. Was mainly my fault for all the responses I was getting. Was not looking for a massive voice room or community. Was just throwing it out there seeing if there was another individual or two who is extremely active day trading and wanted to work together to share the information load and find setups. Should have been more clear.
You have done a terrific job attracting advertisers etc....but let me very very clear. If a reader is here to make money, look elsewhere (at VIC or Twitter for instance). If here with a very specific question about a specific broker, then this is probably the right place to ask.
ET is a broker selection site in my view and everything else is pure noise.
what’s VIC?
I’ve gotten a lot out of ET in the last 10 years:
I’ve met some new friends.
I have learned about other asset classes and strategies.
It was eye opening how large the online community of professional traders is and how few and how many of them make a proper living at it.
I got a early strategy from here that made me lots of money. I know others here have done the same.
I’ve also gotten significant entertainment from watch Dunning-Krueger and people out of their element pretend to be in it.
Well done with the early strategy. Looking at previous posts of ET, I have to admit that it was very different 10-15ys ago.
VIC is value investors club. Just an example.