Personally I can not imagine anyone who make great calls selling them for subscription fees. There are only so much liquidity and once the number of subcribers reach a certain point those calls will be less and less reliable. A professional trader doing this as a hobby to share with others for free gets a lot of credit from me. Someone who makes a lot of calls but doesn't trade will never ever receive an ounce of respect from me. If you are the man, be there on the front line. My advice is learn the game of fishing yourself, and do not rely on others to bring you fish. I mean, if it was so easy, that all you have to do is subscribe to a few rooms and make size even if you don't know much, everyone and their mother would be doing it.
Well, imagine this.... Income from trading your calls & income from others trading your calls. Why not?
m_c_a98: "true. I do need to be faster.. " Well, same problem with me, that's one of the reasons I start looking for support in the form of stock picks or whatever. The nicest thing would of course be someone having who just tells you when to enter and when to exit, but that's not very realistic I'm afraid. I found trading upon indicators very unreliable. And this whole T/A thing is so complicated that there will always be (many) others who are better than you at it, and will take the money from the table before you even think of it. So I've come to believe that you either need very expensive software, or rely upon others and maybe learn something yourself along the way.
TradeRX - I found your discussion of Millennium-Traders very interesting, but when I go to their site, all I get is their logo and a lot of broken links. Is there a problem you are aware of?
Do you guys ever get the feeling that when these rooms are making calls, they are simply trying to pump up their own positions? I have watched some of the calls and have learned that I hate relying on other people's calls, I wish there was a way to know if they were trustworthy. We should be able to see their trade blotters with the times on them. Something. Julie
On the other hand, Julie... would you like to trade on a call that the caller does not make him/herself? The thing is you can never trust anyone in this (or any, but especially this) business. I think it's worth the try if you find something that looks ok. If they concentrate upon high volume stocks, there's not much 'pumping up' involved I would say.
jetboy, All the links work for me. Try again. PS Take their two week trial before committing to a paid month. good luck
Well I checked out millenniumtraders and momentumstockplays. Maybe I caught them on a bad day, but it surely did not work for me. I may give the first one another try later though. Any other interesting stock picks sites or live trading chatrooms? Thanks.