Best Stock Chat Rooms

When it comes to stock trading, it’s common knowledge retail investors are at a disadvantage. Institutional investors, with an army of resources, have access to information before it hits the general public. With that in mind, why go at it alone?

With the best stock chat rooms, you can share information, stay up on the latest trends and pick the brains of some of the best traders out there. And don’t worry, we’ll breakdown everything you need know about stock chat rooms. From free subscriptions to fee paying options, this comprehensive guide has all the details before you sign up.

best stock chat room

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What are Stock Chat Rooms?

Stock chat rooms are online communities where traders of all skill levels discuss strategy and the hottest stocks moving the market. For most people, stock trading is intimidating: what to buy, what price to enter and exit.

When you participate in a stock trading chat room, you have a group of traders where you can bounce ideas, discuss technical indicators and most importantly, learn from those who have been in the game much longer than you.

Best of all, by listening and learning, you’re able to avoid a lot of rookie mistakes the more advanced traders made along the way.

Best Stock Chat Rooms

When you find a platform that’s right for you, you’ll notice many chat rooms require some sort of subscription fee. It’s fair because many sites provide insight into advanced strategies, which we know are worth more than a few dollars.

1. Trade Ideas

Trade Ideas is primarily known for the cutting-edge market scanner and trade alert software features, along with artificial intelligence functionalities, backtesting capabilities, live trading, risk analysis and top-notch education.

trade ideas best stock screener for day trading

Subscribers also have access to the Trade Ideas live trading room, open weekdays from 9 a.m. ET to 4 p.m. ET. Here, users can interact with some of the top traders, the Trade Ideas team and the leader of the stock chat room, Barrie Einarson.

Within this free stock trading chat room, you also have visual access to Trade Ideas charting tools, stock scanner settings and trading strategies. The things learned within the chat room can immediately be adopted for trading using the integrated free paper trading simulator.

The subscription to Trade Ideas Standard costs $118 per month (or $999 for one year), and Trade Ideas Premium costs $228 per month (or $1,999 for one year). Live trading room access is available to everyone.

Best offer:


2. Warrior Trading

Ross Cameron founded Warrior Trading and grew it to one of the biggest day trading communities worldwide. Ross began publishing his earnings and broker statements in 2017, which he still does, making Warrior Trading a highly reputable and trustful service.

paid stock chat room warrior trading

The Warrior Trading day trading chat room makes it to the top of the list of the best stock chat room for day traders and swing traders. A membership to Warrior Pro is needed to join the chat room.

Here are the most notable benefits:

  • Live video and audio streams from the trading mentors
  • Real-time community chat
  • Screensharing with market scanners, charts and trade alerts
  • Member badges based on trade achievements, activity and membership level
  • Trading classes and education portal directly within the platform

Currently, there are two options available to sign up to Warrior Trading:

  • Warrior Pro Program: 1 Year Access for $5,997
  • Warrior Pro Program: 90 Days of Access for $4,297

Unfortunately, there is no cheaper option available right now to sign up for Warrior Trading. However, it is possible to test Warrior Pro for 14 days and by using the Coupon code PRO2022, the costs for the 1 Year Access can be reduced by $2,022 to $3,975.

This is still expensive, and investors should be 100% sure that they need all the benefits included:

  • Live Trading Chat Room
  • Warrior Pro Masterclass Course
  • Customizable Stock Scanner
  • Mentor Sessions
  • Paper Trading Simulator Add-On Option

Best offers:

Please consider reading the in-depth Warrior Trading Review for more Warrior Trading insights.


3. Bear Bull Traders

Bear Bull Traders is a fast-growing community specialized in day trading strategies and education. Funded by Andrew Azis in 2016, Bear Bull Traders offers top-notch stock trading education and a stock chat room with real-time streamed charts, scanners, and live trade executions.

community moderator thor

Trading experts moderate the room from 9:00 a.m. to 4 p.m. eastern time with live market commentary. The day starts by creating a watchlist for the day based on the newest market catalysts, followed by live trading and market analysis.

Members can chat with other traders and the moderators to ask questions and comment on the current market situation at any time. The educational content with over 100 videos makes the offer complete.

Best Offers:

I have reviewed the day trading community and wrote a detailed Bear Bull Traders review with insights from a members perspective.


4. Black Box Stocks

Black Box Stocks is a community of traders and offers a trading chat room on their website, along with a discord chat room, two private Twitter groups, and free education.

black box stocks chat

When you open a ‘black box’, all of the unknowns start to make sense. For Blackboxstocks, it claims it can provide the same revelations about the equity market. They are specialized in day-trading, and various alerts for stocks and options get published by the moderators in multiple rooms. The integrated stock scanner uses some of the same technologies perfected by high-frequency traders (HFTs) on Wall Street.

The monthly Black Box Stocks subscription usually costs $99.97, and the annual subscription costs $959.

Best Offer:


5. Benzinga Chat Room

The Benzinga chat room is a great place to find trading ideas, interact with other traders, and share news. The chat connects community members by using the web-based platform Benzinga Pro. Traders of any experience level use it to chat and to help each other out.

benzinga chat room

A cool feature is the daily pre-market preparation show with streaming live comments. You can run the chat parallel to the Benzinga stock screener, news feed, market movers and charts, or you detach the chat and interact on a separate monitor.

The little Admin label next to the user name identifies moderator comments. The chat is text-based, but you can also use Benzinga squawk to listen to the newest market comments.

Available Benzinga chat rooms:

  • #benzinga-pro-lounge
  • #bz-benzinga-tv
  • #bz-crypto
  • #bz-daytrading
  • #bz-options
  • #bz-pro-community-support
  • #the-strat

The live-chat feature is available with the Benzinga Pro Essential plan, which costs $177 per month or $1,404 annually. Nasdaq real-time quotes, advanced newsfeeds, real-time scanners, and the audio squawk are included in the price.

Best Offers:


6. Timothy Sykes

Timothy Sykes teaches students how to trade penny stocks. You may have seen him on various publications like CNN, and Forbes or the Larry King show. Tim offers various products, including trading courses, his Millionaire Trading Challange, and his penny stock trading room.

In February 2021, he notified readers on his website about the new rules for his chat room. He says that the market environment let his room grow to the highest number of members ever, and it was necessary to define how to use the chat room. Now, chat room users have clear guidance on how to use the service most efficiently.

Two of Timothy Sykes subscriptions on profit.ly provide daily chatroom access, watchlists, trade alerts and access to his mobile app. The services are Tim Alerts for $74.95 per month and Pennystocking Silver for $149.95 per month. The main differentiation between both subscriptions is that the Pennystocking Silver membership includes access to a library of 7,000+ videos and additional weekly video lessons.


7. StockTwits

With variety in mind, StockTwits Premium Chat Rooms have something for everyone. Extremely affordable, subscriptions are priced from $7.99 a month to $100 a month, although most options fall somewhere in between.

What’s great about StockTwits is, many of its chat rooms offer a free trial so you can gain access to some of the leading minds in business and finance without breaking the bank in the process.

So what chat rooms are available?

  • Day Trading: real-time analysis of stocks and markets
  • Spade Traders: disciplined, observant and risk management strategies
  • Share Alpha: applying hedge fund quant powered algorithms
  • Swing Trade Elite: swing trading, technical analysis and actionable trading opportunities
  • E-Mini Futures: entry, exit, stop-loss and price alerts
  • Option Pattern Recognition: empirical and explicit option strategies
  • Elliot Wave: intraday analysis of the S&P 500, metals, oil and USD
  • Hammerstone Markets: news, idea generation and market intelligence

The list is even longer but it is challanging to find the right one with that many alternatives within one program.


Best Stock Chat Rooms Summary

Without a doubt, stock chat rooms provide a lot of upside for beginner and seasoned traders. Navigating the market on your own can feel like steering a canoe across the ocean: the water is choppy and the task feels overwhelming.

Take a look at investment banks and large hedge funds. They have whole teams of economists, analysts and other specialists that provide traders with the information they need to succeed. With a stock chat room, it allows for a similar setup.

Stock Chat Rooms: The Benefits

Undoubtedly, there are plenty of benefits when participating in stock chat rooms. Let’s run through a few:

Increasing your knowledge-base

When first starting out, many traders quit before they have a chance to develop a rythm. With a stock chat room, you can learn from more advanced traders, receive support and inspiration and feel comfortable knowing you’re not alone.

Perfecting your strategy

What makes a stock chat room so special is, you can bounce ideas off other traders and plug any holes in your strategy. This way, you ensure you’re at the top of your game before risking any real capital.

Accessing professional software

Most trading chat rooms also provide software subscriptions to help make trading easier. As well, by conversing with other professional traders, you can find out what technology they use and how they use it to make a profit.

Stock Chat Rooms: The Cons

Like most things in life, there are two sides to every coin. Let’s run through a few cons of using stock chat rooms:

Unreliable trade alerts

High on the list is unreliable trade alerts. With so many members, it can be hard to decipher which traders know their stuff and which are just gambling. However, most reputable stock chat rooms have filters and do a great job of labelling traders based on their qualifications.

Controlling your emotion

When seeing other traders profiting, it can evoke fear of missing out (FOMO). Instead of diligently following your strategy, you start chasing plays which usually doesn’t end well.

Subscription fees

For high quality access, you have to pay subscription fees. Like other trading costs, the outflow increases your breakeven. More importantly, you have to gain enough knowledge or piggyback enough winning plays to make the upfront costs a worthwhile investment.


FAQ

What are the benefits of using a stock chat room?

The benefits of using a stock chat room are multi-folded. First, a well-moderated chat room helps beginners understand trading and investing faster than with a self-learning approach. Also, an online community allows investors to chat with others about their goals and successes and challenges. Finally, some chat rooms on our list allow users to see the screen of the head-trader, hear market comments and get trade alerts.

How much does it cost to join a trading chat room?

The costs of joining a trading chat room depend on the offered features. Free chat rooms are sometimes not that great because moderators try to sell a product instead of focusing on education. Voice-only chat rooms are often available at a lower budget of $29-$79, while stock chat rooms with screen share and trading signals can cost $99-$149 per month.

Updated: July 01, 2022

About the author: Alexander is the founder of daytradingz.com and has 20 years of experience in the financial markets. He aims to make trading and investing easy to understand for everybody, and has been quoted on Benzinga, Business Insider and GOBankingRates.