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Investors Underground: Live Trading Chatroom

Investors Underground is a premium real time chat centered financial environment designed to surround those currently in the markets whether new looking to start earning additional income, passive looking for a more active approach, or full time...

 
 
 
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Best Penny Stock Chatroom.
If you join these guys, pay close attention to their (Investorslive, and Muddys) penny stock alerts. They are on point! This was my first...
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Not that great as i thought
-chat: very clean, no spam, but too many traders are alerting with different styles (and most of them are losing), even moderators have different styles. You can use the chat as your source for news and ideas what's moving, but definitely not for alerts most of the time

-Nate: he's really helpful and you can pm him and he will always answer, also mods too

-alerts: If you want follow his alerts you will be losing money, when he alerts something it looks like this: AAL watch dips for long or short small FB risk on .30, from now shortng pops TWTR etc., which is a little bit shady alerting because you don't know his EXACT position size, his EXACT risk and his EXACT entry, he scale in and out a lot. Everytime something from these three is missing, it's very shady, it's not true alerting and it's basically means nothing, When his alrerts is going his way he can tell you how big he banked, when its not he can tell you he was only small this time and he had good morning so he's up on a day big, or he can tell he was scaling in and out, or you should cover washes(after move already happened). You basically can alert whatever you want and make it profitable trade everytime...

-3:1 RRR: i have no idea how he can get 3:1 RRR, in the morning he scalps, paras is scalping mostly and he's doing a lot of scaling in and out and there is no way he can get RRR high as that, he's sitting in large loss a lot for a small profit.

-education: the DVD is good, webinars too, but it won't turn you into profitable trader imo. There are losts of higher lows, paras, faders out there and you have to gain the feel for when to take it or not, i would say his trading style feels a little bit random and by feel(espacially in the morning). Nate is profitable and he's good at his style, but for a begginer it wont be easy to learn this style of trading, There are more begnner friendly styles out there

-overall: a litte bit overhyped chatroom, especially on twitter where Nate is retweeting tweets of begginers who got lucky and made some $$ and it looks like everybody is banking there but it's not true, most of the chatroom is losing money and they don't know what to do, but they're some very good traders in the chat too, but they're taking care of their own shit and they have their own styles of trading

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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better off buying 20 random top gainers at market open
- You cannot trade somebody else's homework. You have to trade your own homework.

- Most members are completely lost. You can clearly tell when you have people asking "hey, what do you think XYZ will do today?"

- There are 50 alerts coming at you from different traders with different trading styles.

- You cannot learn from the alerts because you didn't do the homework. Someone else did.

- Picking random alerts = entering the market randomly. You are trading a random-entry system this way. This system is tradeable but you don't need alerts to trade this way.

- Resistance does NOT become support once it's broken.

- Your risk- to-reward is out of whack trying to catch falling knives. You will consistently have losses bigger than average gain.

- There are about 15 members who are profitable trading their OWN homework.

- You have to create your own trading style and learn how to do your homework.

- You have to trade your homework. Then you ignore everyone else's alerts in the chat and become a consistent trader.

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Best Service Around
If you are a daytrader and you aren't in this chatroom, you are doing yourself a disservice and putting yourself at a disadvantage. The room is full of millionaire traders and they are all active in the chatroom. Led by Nate, the room is kept clean and clutter free during market hours. Then you have Eric Wood & LX21. Two of the best traders around. You also have a separate OTC room. Nate's scans / watchlist you get every night is second to none. I highly recommend Nate's service, you won't be disappointed.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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No nonsense chat room
This is a no nonsense trading chat room where the only thing that is displayed during trading hours are actionable entries and exits. I like the way moderators manage the room! One can learn the setups by watching seasoned veterans as they share their entries and exit during the day. Great platform to learn and improvise your learning curve!

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Solid Idea Generation
Great resource for Idea Generation. The chatroom is clean, uncluttered, and focused. Similar to the Hammerstone chatroom but 1/2 the price and much more trade alert based vs only news.

I enjoy the chatroom and will continue my membership. I'd recommend this to friends as well.

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Great chat room
Clean, clutter free trading ideas. My favorite chat room by far.

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FLUFF-FREE Chatroom, Alerts alerts and more alerts
Nate and the moderators are very good at making sure everyone is keeping the messages relevant to what we're trading. I think the chatroom's unofficial motto is "if it isn't going to help someone trade and make money, SHUT THE F*@K UP". They're not all "oh heyyyyy how's it going, what do you think about the 7:1 split on APPL blah blah blah", it's 95% "ABC snap", "ABC PR", "XXX short sale at $X risking $X". Plus Nate is always giving great advice and drills it into your head until you get it. Superb.

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If you want to day trade, this is the only place to be.
I have been a member of IU chat since I bought the DVD at the end of April 2014.

My main interest was Nate's DVD, but in the process of buying it I was offered a month's free trial of IU chat. I ended up taking the year's subscription, and it's the best trading decision I ever made. These two products go together amazingly well for a novice wannabe daytrader.

Chat is VERY focused. Between 9am EST and 4PM there is NO off topic chatter. Pointless comments get a stern warning, and muted from their on. The rules are clear and if you take the time to read them there will be no surprises. This discipline and focus was the first thing that struck me. I have been a member of another very well known chatroom and frankly nothing I saw there made me ANY money. And that's what we care about right?

I came in to chat wanting to learn how Nate trades. His alerts in chat are very often actionable, but the guy is so quick it's better to look at the chat logs that are printed each night and check his entries and exits. Nate makes most of his profits in the first hour or so, so it's very important to understand these are the riskier trades. But if you take your time and start SMALL, you won't get hurt, and you will begin to understand these trades. Recently I have had a couple of trades where I have actually got in before Nate and out after. Definitely NOT saying I'm as good as him, but this is what studying the DVD and chat logs will do. You will learn to trade LIKE Nate. If you follow his alerts like a sheep you will be exposing yourself to too much risk, and possible being on the other side of the trade. Yes, morning trades can move that quickly.

So apart from Nate and the lack of noise, another positive in chat is the quality of moderator/trader in there. There will be familiar names in there from other chatrooms: people who owe more to Nate's trading than any other guru. These are TOP traders, who are also very humble and helpful people. Don't be asking them stupid questions and you'll get great answers. SO many noob questions are answered by the getting started section on the investorsunderground website.

There is a feeling of community in there too. There are people at all stages of their trading career, from complete beginner, to seasoned pro, so whatever you're going through, there is someone else who has experienced it. Nate always answers emails promptly. I'm convinced he actually has at least 3 pairs of hands, his multi-tasking is ability is pretty scary.

On top of all this there are other chatrooms too. One for swing trading, and another for sub-pennies, both run by experts. i don't use them personally YET, but it's great to know these resources are there for rounding off in to a more complete trader. You can open chat on your phone/tablet as well.

I honestly can't think of any negatives. If I had to be pernickety I'd say a few people get away with posting entries and not exits and vice versa but that really isn't a big deal.

If you want to reduce your learning curve MASSIVELY, IU chat is simply the best place to be. With trading you get out what you put in, but with these tools and lots of hard work and study, I feel like my trading success is a matter of 'when', not 'if', and if I screw it up it's MY FAULT!

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So far, so good
I have only been with this service for less than one month, but my initial impressions are positive. I still have much more studying and may update later, but for now:

I would recommend a novice trader considering this service first start with Nate's DVD and then move to the chat room since without the proper foundation, IU will not make any sense to you. I also do not think this is the best place to be for a brand new, utterly wet behind the ears trader with zero knowledge about anything. Sheer newbies should start with Sykes like I did and then decide what's right for them once they have a couple of clues (I recently got a few, so I stepped up to IU).

I did not sign up for the Elite plan, just the Investors Live plan. That gives the chat, the scans, and a bi-weekly lesson with Nate. This was an especially good deal given the sale that was going on at the time which Nate will have every now and then. By purchasing a one year plan, the monthly cost was less than $90.

The chat room is definitely bs free and has real traders trying to make real money, so it's best to stay out of it completely and observe the chats until you can contribute something genuinely useful about a current ticker movement - you will learn much more that way. By comparison, Tim's chat room was so full of dweebs I got tired of it - no value to me and I do not miss it. As good as he is, Tim just attracts too much of the the hoi-polloi. Just my experience.

I only gave moderate marks for education since this plan really doesn't offer the level of instruction available via the Elite plan, but it still has some useful nuggets. One thing I really appreciated was the video (separate from the video library) where Nate explains how he sets up Equityfeed scans. This really made me think about how much more versatile that platform is compared to the more basic scanners available through brokers like IB and ToS. Nate has EF set up so that he can catch mid and late day movers before they go parabolic (pro tip: scanning for new highs isn't all there is to it!)

Nate continually updates the chat room with this info as he does with the morning and evening scans. One day I'll take the plunge and get my own EF subscription, but for now having Nate do these scans is a nice bonus that simply subscribing to EF and attempting to figure it out on my own would not bring.

His trading style tends to be a lot more scalp oriented, especially considering what's happened to the OTC and pot stock plays lately, as well as how much the market has slowed down since earlier this year (2014) generally. It is as true for Nate as well as rest of the gurus as well - you have to take what the market will give you. Of his three chat rooms, the momentum chat is by far the most popular.

Unlike other gurus who stick to only a couple of setups, there are a lot of plays in the way Nate trades but don't ever treat them like slot machines - planning and understanding why Nate is trading them is key. Yes, he moves with more size than most new subscribers and can win a lot with a few small tics up, but he can lose a lot just as easily. It isn't random guessing that gets him over the 75% verified success rate on Profit.ly. BTW, it goes without saying that if some guru is selling you a service of any kind and does not have verified trades - preferably on Profit.ly, and preferably auto-imported, then move on. There are fakes and con men everywhere, some claiming very dubious 75% win rates. Bull. Shit.

I'm not sure how valuable the regular moderators are but there are definitely some top traders in this chat room that I know do not monitor some other gurus. They may not say much, but the fact that they are there at all was a big selling point for me. Nate is not junior league and I think if his chat room were worthless these big players like Modern Rock and LX21 would hit the road, even if they are rich enough to buy whatever service they want.

The one negative is that Nate still has Suretrader listed as an affiliate, a broker which in my opinion sucks. They may have been ok at first but they cannot keep up with the flood of demands ever since Tim Sykes ramped up his popularity by appearing in major news feeds a couple of months back. Yes, Suretrader has borrows now and again but their execution times on OTCs are pathetically slow - they simply do not have the routes to make it faster. When it comes to any broker, you get what you pay for. At a minimum you need Interactive Brokers for shorting ($10k account minimum) but even then Centerpoint - which is who Nate uses - is head and shoulders above the rest. Problem is you need $30k to get in the door which might be a problem for some new traders.

I've never had to PM Nate yet so can't comment on his responsiveness. As far as entertainment value, could not care less; that isn't why I chose the service.

Good luck & stay green!

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Excellent for both learning and experienced traders
I began day trading full time at the beginning of 2014. This is the most important and valuable source of information I use in my trading. The trading room has a no-nonsense policy during market open hours. The general rule for posting anything in this chatroom is to first ask, "Is this helpful to everyone else in the room?" So all day its alerts for ticker action and intraday setups. Additionally, I have gained an incredible amount of knowledge from the seasoned traders in the room. It has a terrific community.

If you are new and considering joining, I highly recommend that you also purchase Nate's Textbook Trading DVD. It is sort of a prerequisite in that it will teach you most of the terminology and setups used in the chat room.

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