The Best Stock Chat Rooms 2020
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.
Transparency: When you buy certain products from some of the sites which we link to, we may earn a small share of the revenue.
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
With Trade Ideas free live trading room, you get the best of two worlds. Open weekdays from 9 a.m. ET to 4 p.m. ET, you can interact with some of the top traders on the platform as well as its in-house team and the leader of the stock chat room, Barrie Einarson.
Known for its advanced AI technology as well as cutting edge scanner and alert software, Trade Ideas products are used by some of the most well-known traders out there. Ross Cameron at Warrior Trading uses Trade Ideas proprietary technologies.
What's more, within this free stock trading chat room, you also have visual access to Trade Ideas charting tools, stock scanner settings, trading strategies and of course, the ability to chat with hundreds of Trade Ideas subscribers around the world.
Click here to check the free Trade Ideas trading room out. You won't be disappointed. It is entirely free, and there are no strings attached. Also, make sure to check out our latest Trade Ideas Review. It's full of details about Trade Ideas and their services. Trade Ideas is definitely the best way to start your stock chat room experiences as a beginner.
2. 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.
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.
Click here and save 20% on your first BlackBoxStocks subscription. Check the Black Box Stocks Review, where I break down all the company has to offer and let you know if its subscription plans are worth the price.
3. Weekly Money Multiplier
Weekly Money Multiplier is the best stock options trading chat room with real-time alerts in this list. Trading live with real money in front of hundreds of subscribers is one of the most challenging professions. There are only a handful of people that you can follow while looking at their trading screen, seeing all the buy and sell-orders in real-time.
Nathan Bear is one of those people, and he won the Millionaire Roadmap a few years ago. Now he is the moderator in Weekly Money Multiplier and trades Call- and Put-Options all day long. His investment-horizon goes from short-term trading up to holding periods of a few days.
The room is more expensive than the others in this list of the best stock chat rooms. But besides Ross Cameron, he is the only one who streames his real trading account, which is an excellent offer. Within the chat, you can also ask questions and interact within the community of traders.
Normally, the subscription has a minimum subscription duration of 12 months, but by using this link, you can join for 3 months, plus you get 67% off.
4. Warrior Trading Day Trading Chat Room
With Warrior Trading, it's all about quality. Founded by Ross Cameron, Warrior Trading is one of the most well-known and trusted trading advisors available. Professionals know this, so when it comes to reputable providers, Warrior Trading's Day Trading Chat Room is at the top of the list.
Memberships fees are tiered, so you have three options:
- $197 a month for a monthly membership
- $149 a month for a quarterly membership
- $99 a month for an annual membership
Beyond just a chat room, you also receive plenty of other benefits that can help you become a better trader:
- Daily live audio and video feed of Ross and other mentors trading
- Market commentary from pro traders
- Daily hot stock watch lists
- Live streaming stock scanners
- Access to Warrior Trading's proprietary news feed
As well, if you opt for a quarterly subscription, you also receive a sign up discount of a $100 for new members. Undoubtedly though, an annual subscription is your best value compared to the total amount you pay.
With all of the benefits outlined above, you also receive three extra bonuses:
- Access to high-of-day momentum scanner settings ($499 value)
- Access to gap scanner settings ($499 value)
- Access to trade-reporting sheets ($299 value)
As I mentioned, the scanners are formatted using Trade Ideas proprietary technology, so you know its quality trading software. And with all the added bonuses, Warrior Trading's Day Trading Chat Room can help up your trading game in no time.
Special Offer for daytradingz.com readers: 5 Day Trial for $5 - Warrior Trading Chat Room. Are you still uncertain about Warrior Trading's Value? Then proceed reading our in-depth Warrior Trading Review now.
5. StockTwits Premium Chat Rooms
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.
6. Fast 5 Trades
Fast 5 Trades is a stock picking service operated by Kyle Dennis. The name stands for the program because the chosen stocks move extremely fast. The momentum on an intraday-timeframe in enormous and mainly offers potential for day traders.
Unfortunately, there is no direct stock chat room available to Fast 5 Trades subscribers since the trade alerts are communicated via text alerts and email. Anyway, the price is low, and there is a free webinar available. Click here to attend to the free webinar, or check out the in-depth Fast 5 Trades review.
7. Jason Bond Picks
Jason Bond Picks is all about penny stock trading. The regular annual service includes access to the Traders's Education Vault, Jason's Scanner, and the daily watchlist via email before the market open.
Jason Bond Picks has one of the longest histories in the trading business. Raging Bull, the company behind this brand is one of the fastest-growing companies in the United States.
In Summer 2020, Jason also introduced his new Advanced Notice Buy Alerts. Within those alerts, subscribers get notified about the concrete plans of buying and selling. Most of the time, those are the stocks mentioned in the watch list.
Similar to Fast 5 Trades, Jason Bond's service is more of a stock picking service than a stock chat room. Paying the full price of $1,500 for a year is not that attractive, but by using this link, you can sign up for only $297. The new Jason Bond Picks review reflects my experiences with his service.
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.
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.