What do you value most in a Trading Chatroom?

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Tradex said:
Of course not, we add to a winning position if, and only if, our trading system triggers another signal in the same direction.
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So after you have added to the winning position, what do you do when it is shown that the signal was false and the position starts going against you?
 
Overnight said:
So after you have added to the winning position, what do you do when it is shown that the signal was false and the position starts going against you?
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I have a trailing stop in place, if the market does not cooperate I close the position.
 
I would prefer some good and genuine information about trades minus the false alerts. Consideration towards the little knowledge base of the amateur traders would help
 
KCalhoun said:
Having run my trading the open room for 20 years I'm curious -- what do you value most in a trading room?

What I think matters is:

  • Performance, winning percentage of SPECIFIC price alerts called in realtime ahead of time
  • Authenticity..... educator must really trade and be able to prove it
  • Training quality of instruction using live market examples
  • Interactive coaching and answering trader questions honestly
  • Community of smart traders
  • What else? Thx...

On the flip side, what I think sucks are rooms where: no specific alerts ever provided, instead just rambling on about a day's watch list, lack of professional training quality, cheerleaders/ shills pretending to make lots of money when it's all fake, BS YouTube videos claiming to make $10,000 a day, or chat room operators trading a sim account and trying to pass it off as real (check DOM/tape). Or upsells into overpriced courses and coaching programs that are ridiculously overpriced. Lots of bad actors out there.
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Hello KCalhoun,

The ONLY and the ONLY damn thing I value most and want most in a trading chat room is ONE thing on this earth:

1. Broker Account Statements of historical trade performance for 1-3 years.

If I do not see real time trading or number 1 above, then I will never ever join a trading chat. Even if its a free.

Anyone wanting anything else from a trading chatting room have no business and common sense and bullshitting and will be screwed nice and slow in the "you know what" while listening to Usher and Freddie Jackson.


 
Good points, thanks. I trade most days and often show my live fidelity trade confirmations, like I did this morning.

I think, bottom line, the percent of specific winning trade alerts provided to members in realtime is the most valuable metric. I challenge any room to outdo me on that.

plus i prove i really trade. a fking lot.
fdlycommissh.jpg
 
Ken, I thought you were getting free trades at Fidelity. Your image here shows that you paid $26,728 in commissions this year. So which is it? Are you getting free trades, or paying $26,000 per year in commissions? Lol.
 
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