A Professional Trading Room
This service reminds me of the old mIRC "underground" services that existed in the dot com boom. If you were a fan of #daytraders on Othernet and #activetrader on FinancialChat, then this place is for you. But be forewarned, this service is mostly for intermediate to advance traders with experience.
If you are new to trading and do not understand the fundamentals of day trading then this place can be very difficult to understand. That is why there are some negative ratings on this service. This service is like a human ticker that gives a lot of opportunities to scalpers. They use their own lingo and jargon to identify and make trades. New subscribers can easily become overwhelmed or lost in the service because of the large number of tickers posted in their style of jargon.
I would say as a prerequisite to this service, everyone should purchase the DVD "Textbook Trading." I am in no way affiliated with these individuals and do not receive compensation for this recommendation but in order to understand what they are talking about, you have to see the DVD. It's like watching a small group of traders talk in their own language. The DVD will unveil most of the secrets of the Investors Underground technique.
The founder of Investors Underground and some of the mods post some useful stuff but on the downside there is also a lot of bad posts from inexperienced traders creating confusion. 3-4 individuals may go long on a stock only for a large mod or trader to squash them with a short. So the organization and filtering of messages has to improve. I would recommend that they post less tickers and try not to trade every single stock. The point is to be focused as a group on a few quality stocks and muzzle the rest of the herd. Think of it like the military or a team sport. If everyone wants to do something different, you cannot accomplish anything. Everyone needs to work together and listen to their leaders. We cannot have everyone trying to be the next leader. It's not a popularity contest.
Another issue is that sometimes trade alerts are not very clear. They will not clearly say buy/short or bull/bear. They may make general vague statements like: i took some here... I added here....para.....little pull.......it's ramping, ....etc You really don't know what they are thinking unless you saw the DVD. I would recommend that they point out levels ahead of time so other team members can prepare to help their leaders. The recent trade on TWTR on 12/13/2013 (video lesson #612-614) was a good example of team work and this is how they should model the future of the service.
In addition to this, most of the successful and verified traders on Profit.ly seem to be trading in here. They are benefiting the most from this service and this service only. So if you want to surround yourself with successful people, this is the place to be. It is a very active chat room with over 300+ members and it can be loud at times. If you have seen all those cheesy videos claiming this and that, ignore them. Most of the big traders on Profit.ly are making money off the Investors Underground.
4.5 to 5 stars but they have to improve on the little things like organization, being focused, and trading less (quality).
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
Was this review helpful?