Trading Rooms: recommended or not

mgabriel01 · Mar 3, 2008

Quote from Reaver:

Anything crazy going on in mortgages mgabriel? Seen any more American Dream packages go through? LOL

The moron are out in force with this refinance business. Lots of people even in fixed rate mortgages refinancing for some reason right now, actually taking a loss. All they know is that CNN/CNBC said it's good to refinance right now, so they are doing it. Pretty funny concept.

Any idea why so many people are trying to take out equity loans all the sudden? Sorry to get OT here just wanted to ask if you had any news on your end.

Hey man I've been reading some of your posts, you're doing great. Glad to see it.

Hiya Reaver
Yeah the refi boom is in full swing. I do mostly A-paper so the stuff Im getting is all 30 Year Fixed, Conforming ----looking to shave a half point off their current mortgages ---
we pay the closing costs for them -- so its win/win.

I would guess there is even heavier activity in ARMS -- people who can, getting out of bad loans. But I don't do much business there

I'll look into the HELOCs for you. There is growing interest in using HELOCs to pay down mortgage principle --- then pay the HELOC payments with income ----- if you do it right you can knock a few years off your mortgage

cbrokermike · Mar 4, 2008

Most of the information I've found about trading rooms has come directly from clients or prospects. Logically, I contact these individuals first. I'll contact your old trading room this week. Thanks again for the information. If you have any other futures trading services that you would be willing to comment on, I'd greatly appreciate it.

Quote from Samadhi:

back in July we had about 30 in the room,but I presume a lot more use the indicators independently. They have open "house" day's on the last friday of the month. They have their daily PL on their site....Shelly,Bill,Glen are good folks,indicators are pretty good too for the price more geared for futures and equities then forex say. BTW,I was just a subscriber for a short time,just moved on,can't give you a longer term picture!...my 2 cents. later

cbrokermike · Mar 7, 2008

You may be correct, but it's worth the effort. It's not a factor of whether or not they are free/cheap. Actually, it'd often be easier if they were free. As long as they inspire clients to stay active in the markets, then that's at least part of the goal.

Quote from KiwiRoo:

The sad thing is, you will not be able to get any useful feed back (unless the room mentions are dirt cheap or free) because people here just got sick and tire of getting bashed and labeled as a shill

cbrokermike · Mar 7, 2008

True. However, I'm not personally seeking trading advice. My interest in trading rooms is based upon the fact that they seem to be popular.

I know of quite a few people who do trade professionally and who do make plenty of money. I'm in the process of getting some of them to publish content, and our IT guy will be working with me soon to create a chatroom based around them.

Still, information about existing trading rooms is still desired.

Quote from Billybob543:

cbrokermike and all others interested in trading rooms....Reaver gave you some good advice.

...

You should seek out someone that is making the kind of money that you would like to make AND they MUST also practice good money management....of course the only way to find this out is to look at their brokerage statements....

otherwise, keep your money in your pocket and learn on your own.

I know because I've spent a fortune in trading rooms, seminars, and memberships...

Reaver · Mar 7, 2008

Quote from mgabriel01:

Hiya Reaver
Yeah the refi boom is in full swing. I do mostly A-paper so the stuff Im getting is all 30 Year Fixed, Conforming ----looking to shave a half point off their current mortgages ---
we pay the closing costs for them -- so its win/win.

I would guess there is even heavier activity in ARMS -- people who can, getting out of bad loans. But I don't do much business there

I'll look into the HELOCs for you. There is growing interest in using HELOCs to pay down mortgage principle --- then pay the HELOC payments with income ----- if you do it right you can knock a few years off your mortgage

Thanks for the info mgabriel. That HELOC thing is an interesting concept. Thanks again.