What chatrooms are good and what to avoid?

Maverick...said
As a previous member of the underground pit for 6 months, i have to respectfully disagree with Oneway

You didnt actually play the calls did you :)

I did a couple of times...but what I did find was a wealth of information from some pretty savy traders....and as a result of what I learned there I now trade the nq quite succesfully using a modified system from RAL...fwiw
 
Shortnfool - i have not tried millenium traders. I've perused their site, noted their extremely good performance #'s, pulled up the daily transcript and was turned off by the fact that they don't provide stops - so to me it is impossible to tell if these guys are any good or not.

Oneway................I believe one of the redeeming qualities of the Pit was access to some pretty decent traders in there (some of whom, as you know, are now selling their own 'wares.') But one can probably get the same access to pros right here, and free beats $250/mo. :D

I should have made a distinction between Jae and RAL also. I spent very little time in RALs room while a member of the Pit, and as a result, I am not qualified to provide an opinion.

Glad to hear your NQ trading is going well
 
I've been a member of three rooms this year. Started out with mtrader t/a with Allen Zuckerman, then went to millenniumtraders, then to realitytraders, and now I'm back with mtrader to stay for good.

Mtrader is by far the best. Dead honest and no BS. The calls are all doable, and the end of day results are REAL! And Allen puts his money where his mouth is and trades most of the calls he makes. Every call is explained and all of the strategies are taught over and over. Very user friendly. I don't trade with Ken Wolfe just because I don't like the style as much but he is very good as well.

Realitytraders was very good for teaching how to trade and the moderators have a good track record. (They came from mtrader originally). I wasn't as impressed with the actual calls though. Not that they were bad, just that they were harder to follow. The entries, exits, and stops were quite vague. Overall I think it's a pretty good room.

Stay away from millennium traders. They post lot's of winners, but the end of day results are VERY kinky. They overtrade, calling 30-40 calls per day with the same 1 point stop on every call (it used to be 3 points) and give no instruction at all as to why they took the call in the first place. If a stock goes up .10 or 15 cents and then tanks, the end of the day result is......you guessed it +.10, even though no exit call was given.

Has anyone had any experience with Pristine? They charge a pretty hefty price and I've always wondered if they're any good.
 
huby,

If a stock goes up .10 or 15 cents and then tanks, the end of the day result is......you guessed it +.10, even though no exit call was given.

It's the same thing that always bothered me when I reviewed undergroundtrader's end-of-day results. If a stock went up .10 or .15 it was always counted as a win, regardless of what happened next, even tho no target was originally set and no exit was called.
 
Magna,

The other side of the argument goes like this:

If a call goes green by a dime (or 15c or 50c etc), then the call was good for a dime if you decided to take the profit. That's totally YOUR decision. They can't make YOUR mind up for you. YOU have to manage some aspects of the trade, otherwise just give them your account to trade.

If you're still in the trade and it tanks....BAIL!

Simple. And this is actually one of the easier trades to manage 'cause you're green right out of the gate.

So I have no problem with the reporting of a dime win (or whatever) 'cause the call was potentially good for it if you took the money. So I have to disagree with you if you're implying that this is somehow dishonest.

short :cool: fool
 
Originally posted by shortnfool
Magna,


So I have no problem with the reporting of a dime win (or whatever) 'cause the call was potentially good for it if you took the money. So I have to disagree with you if you're implying that this is somehow dishonest.

short :cool: fool
More...

Hey Fool, I'm not at all surprised that somebody like you would fall for the oldest CON GAME in the industry, that's why you're a FOOL

But then again, the world is full of loosers hyping WOULDA_COULDA_SHOULDA BS.

LOL

Get a life, learn how to trade, and quit fooling others and yourself, FOOL.
 
Nicky,:D

Look at it this way....If their call went into money a dollar then promptly tanked, wouldn't they be justified reporting a dollar gain on the call? (Even if YOU were too stupid to manage the trade properly?) I'll bet you wouldn't be griping 'bout their reporting in that event, exits or no exits called. They can't hold your hand and trade your account for you. YOU must decide when to "hold 'em and when to fold 'em". Makes no difference, a dime or a dollar into the money is that amount of potential profit whether you took it or not. And reporting it as such is acceptable and justified. They can't all be home runs now can they nicky.

Perhaps it is YOU who should learn to trade properly.

short:cool: fool
 
Originally posted by shortnfool
Nicky,:D

Look at it this way....If their call went into money a dollar then promptly tanked, wouldn't they be justified reporting a dollar gain on the call? (Even if YOU were too stupid to manage the trade properly?) I'll bet you wouldn't be griping 'bout their reporting in that event, exits or no exits called. They can't hold your hand and trade your account for you. YOU must decide when to "hold 'em and when to fold 'em". Makes no difference, a dime or a dollar into the money is that amount of potential profit whether you took it or not. And reporting it as such is acceptable and justified. They can't all be home runs now can they nicky.

Perhaps it is YOU who should learn to trade properly.

short:cool: fool
More...

Hey Fool alias TRADERX, wrong again, as is normal for you, LOL.

Entries without Exits are no more than an attempt by a bunch of unqualified loosers to try and make a bit of money by SELLING SIGNALS, LOL, as opposed to raking in the real dough by starting a fund and ACTUALLY TRADING, as opposed to CONNING NEWBIES.

Entries without exits? Hey, any FOOL can claim to be a great trader by spouting fully IRRELEVANT BS LIKE ENTRIES WITHOUT EXITS, LOL

Every signal selling moron apparently went to the same SEMINAR FOR CON MEN 101:

Let's say your signal says buy when price goes through 100. Ok, price moves through your entry signal, but immediately retraces to 95, before going back up to 101. It then goes down to 91.

Ok, what your looser buddies would claim in their BS marketing attempts would obviously be a winning trade, HAHA, good laugh that, it would have been a winning trade IF YOUR STOP LOSS HAD BEEN BELOW 95, AND IF YOU WOULD HAVE TAKEN YOUR PROFITS AT 101!!

HINDSIGHT?

WOULDA_SHOULDA_COULDA??

Get the difference between that and the real thing???

HAHA

Hey, get a life, learn how to trade, LOOSER, and quit polluting these boards with your BS.

Go and post on YAHOO or some other site for LOOSERS.
 
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