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Stock Picks sites?

  1. Anyone any experience with stock picks sites? For swingtrading as well as (especially) daytrading. What are the good ones, if any? Or should you never rely upon such services?

    I once tried Investyourself.com, but this guy let you go through an awful lot of reading. Although he may be good, I'm looking for something that gives me much simpler buy and sell signals.

    Also tried Geniusity.com, but they have a terrible interface, very confusing, I never managed to enter the three trades in time into my IB screen. They trade very short term, usually only during appr. the first half hour of trading and then call it a day.

    Any suggestions welcome.

    Thanks.
     
  2. Try hardrightedge.com, they give you links to a bunch of chart picking guys. Their links are to all free ones too, which is cool.

    My favorite guy from those links is Chartpicks.com, http://www.chartpicks.com/ , he is a good reader of the market.

    Eddie
     
  3. Have you tried... http://www.millennium-traders.com

    The room is $249.00/month. Two traders, LIGHTNING & THUNDER, make the calls.

    15 to 20 trades are called by EACH...30 or more total calls every day.

    Usually, 2 to 4 premarket calls.

    Trade all day from premarket till close. (NO overnight positions or swingtrading)

    Trade NASDAQ stocks like NVDA, VRST, VRSN, AMAT, QLGC etc.

    Use a ONE POINT stop for all trades.

    Their interface is VERY VERY easy to use! It goes something like this...

    In the room, on your screen you'll see this:

    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA
    WATCHING FOR THE BOTTOM ON NVDA


    This usually gives you 15-20 secs (and often more) to setup the trade. Plenty of time.

    Then you'll see:

    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.
    CONSIDER BUY NVDA. ALWAYS USE A TIGHT STOP.

    It can't get any simpler than this. They do this all day...calling LONGS & SHORTS.

    But, YOU are responsible for when you EXIT the trade. Occasionally they will call an exit, but they make it very clear right from the start that ultimately you decide when to exit the trade.

    Also, at any given time, they may have 5 or 6 open positions. THUNDER & LIGHTNING are personable, and they will readily answer short light questions. On Tuesdays and Thursdays they host a training seminar free to all members that is essentially a Q&A session about trading, exits, indicators etc.

    I almost forgot, in the room, all current open positions are listed with their entry prices so you can quickly see what's going on.

    Each tick into the money is also displayed in the room as follows:

    WINNER ALERT NVDA 71.2
    WINNER ALERT NVDA 71.3
    WINNER ALERT NVDA 71.4
    WINNER ALERT NVDA 71.6

    You get the idea.

    Well, there's the scoop on M-T as I see it.

    Good Luck.

    tradeRX
     
  4. Grabbit,

    I was also a member of Ken Calhoun's room for two months...

    http://www.daytrading-university.com/dynamicdaytrader.htm


    Although Ken makes calls his emphasis is training you to trade his style. He states right from the start that he wants you to learn how to make your own trade decisions (utilizing his style of course) independent of an outside source. I learned much there.

    He trades only in the AM, 9:30 to 12:00, no premarket, very very seldom in afternoon. Two day high/low breakouts are his predominate style, and he ties it all together w/ market indices. He trades strictly from charts, no news etc.

    The pace is fast and furious. Although you prepare your potential trades and alerts in the premarket, once they're triggered you gotta move fast. Definitely what professional mo-mo trading is all about.

    tradeRX
     
  5. I like tradingmarkets.com, but you really need to develop a style of your own, and stay out of rooms. They always make things too crowded. If you want something interesting, you can try my elitetradinginaction on yahoochat. It is best to just find a few people who trade like you though, and just do it by yourself aways from a moderator.
     
  6. http://www.fundvision.com

    Great site for sectors and ETF fund plays, QQQ, SPY also
    NL funds (sectors) free site, no BS, no registering and
    very successful technical traders. Folks there play with
    big bucks and some are pro money managers. No talk ever
    about Daytrading under $25k dolldrums....
    Good place to expand your horizons and see what others are
    doing for profit.
     
  7. Thank you all for your useful suggestions, I will check them all out.

    I believe/hope a good stock pick service is a better investment than expensive software with an expensive "strategy" that may or may not work. I was about to try/buy Tradestation 2000i plus a strategy, together $4000,- . But why buy the stuff myself, if others are better at reading the market. Agree or not?

    Meanwhile, other good experiences with (especially real-time) stock pick services are still welcome.
    (I am especially looking for the ones that don't try to teach you too much (there are excellent other sites for that), not much more than just the buy and sell signals would be fine for me.)
     
  8. I tried two chatrooms:

    undergroundtrader.com
    millennium-trader.com

    and they simply do not work for me. Its too much and to many calls to manage and I felt like I was wasting my time there. Sure they call possible entries for short term scalps but you can do the same thing just following a couple stocks and your favorite indicator on a 1min time frame.

    I doubt any top traders use chatrooms because you need to develop your own system and calls.

    I find I can do the same as the chatrooms just by following a stock like PDLI with 1min stochastics, without all the headaches.
     
  9. m_c_a,

    >"too much"
    >"too many calls"

    You got to learn to move if you want to make any money.
     
  10. true. I do need to be faster..
    I'm working on it:)
     
  11. 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.
     
  12. Well, imagine this....

    Income from trading your calls & income from others trading your calls.

    Why not?

     
  13. 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.

     
  14. 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?
     
  15. 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
     
  16. On the other hand, Julie...
    would you like to trade on a call that the caller does not make him/herself? :D

    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.
     
  17. jetboy,

    All the links work for me. Try again.

    PS Take their two week trial before committing to a paid month.

    good luck
     
  18. 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.
     
  19. Here is a site that picks only one or two stocks every morning to trade:

    http://www.tradingin.com

    The site is unusual in many respects.
    a)It is not a chat room
    b)They claim to trade their picks
    c)They always trade with the same amount of capital($10K)
    d)They always exit when they hit 3% profit or the end of the day which ever comes first
    e)They have a fixed stop loss.
    f)They display their track record for each month.
    g)They haven't had a losing month that I can see
    h)it's cheap

    I don't use it and you may ask why? I tried it for a while and believe it or not I made money but it was boring. You have to sit all day with one or two stocks that move like snails. I wanted more action-now I only trade highly volatile stocks that make most of their move in the first two hours of the day. That leaves me the rest of the day to play golf.
     
  20. Well, millenium-traders did better yesterday, so I'll give them a try.
    As for Tradingin.com I'll take closer look at that too, although I've seen better performance lists (never tried though). Speed of trading is a thing too. Watching and waiting can make you get bored and exit too early.
     
  21. I agree. I would suggest using a stock screener such as stockcharts.com
     
  22. Hm.. well, actually I'm beginning to think you're right folks. Only rely upon others where you've failed yourself.
    And I'm still experimenting with different indicators on different stocks. I just got the feeling I must find something workable one of these days.
    And some of these stock pick sites, I just don't always trust them at all esp. when (like many) they won't let you have a real time trial.
    Tnx anyway all of you.
     
  23. Grabbit,
    I'm currently using Ravenquotes two week trial and this program blows me away.. its amazing in terms of alerts, studies, custom formula builder, plugins, etc...
    you might want to check it out.
     
  24. OK, perhaps I will.
    But you 've got me on the wrong topic now :D ! It's clearly the end of the day!
    Thanks all the same!
     
  25. What other rooms would you guys recommend?