Stock trading chat rooms offer an excellent opportunity to learn new techniques and even get some actionable info for successful trades. Just remember, the internet is full of con artists, and finding a credible chat room can be difficult, especially if you’re a novice.
Quick look: the best trading chat rooms
- Warrior Trading – Learn more
- Bear Bull Traders – Learn more
- Trade Ideas Live Trading Room – Learn more (Sign Up Instantly)
- Investors Underground – Learn more
- StockTwits – Learn more
- Hashtag Investing – Learn more
- Jason Bond Chat Rooms – Learn more
- ClayTrader – Learn more
- What are trading chatrooms?
- Pros of trading chat rooms
- Cons of trading chat rooms
- What to look for in a trading chat room
- Best Trading Chat Rooms
- 1. Warrior Trading
- 2. Bear Bull Traders
- 3. Trade Ideas Live Trading Room
- 4. Investors Underground
- 5. StockTwits
- 6. Hashtag Investing
- 7. Jason Bond Chat Rooms
- 8. ClayTrader
- Final thoughts
What are trading chatrooms?
Remember chatting on AOL chat rooms back in the 90s? Sure, they may seem primitive in the age of Twitter and Instagram, but this was the most popular way to communicate back in the early days of the internet. Chat rooms put a bunch of strangers together to share ideas. The investment community has been a meeting place for new ideas for decades, so naturally, trading chat rooms were born.
Trading chat rooms are online hangouts where individual traders can converse and share ideas. In an industry full of pros looking out for themselves, trading chat rooms offer spaces where investors could learn new strategies, ask questions, and develop a trading style. Moderators control the chat programs and help police for malcontents. Most services also charge a fee, which further deters trolls.
Price structure and chat style can vary, so make sure you know what type of trading you want to do before signing up for any specific room and seek out opinions from current or former users.
Pros of trading chat rooms
Chat rooms can be a big boost for traders, especially those who are just starting out. Here’s a few of the advantages:
- Learning opportunities for new traders: Novices can learn the ins and outs of the market from pros who have years of experience.
- Lots of eyes on the market: Even the most sophisticated investors can’t watch every corner of the market. Chat rooms offer dozens of people who watch individual stocks and relay information.
- Community of support: The life of a full-time trader can be a isolated and stressful one, especially when the market goes sideways. Trading rooms provide a place for you to vent, share stories and pick each other up after you make mistakes.
Cons of trading chat rooms
Not all trading chat rooms will steer you in the right direction. Here are a few red flags to to consider before getting a membership to a room:
- Membership fees: To prevent trolls and other malicious users from joining, most rooms charge fees. Nothing good is free, but this is an instant cut into any profits.
- Lurking scammers: Carefully vet your chat options and make sure scammers and manipulators are quickly ousted.
- Bad ideas spread quickly: Chat rooms have the capability of spreading good as well as bad ideas. Fact-checking is a must.
What to look for in a trading chat room
The best trading rooms all have a few common characteristics. Benzinga used the following criteria to make selections:
- Strong moderators who weed out trolls
- Fair price for the service and experience offered
- Civil engagement and respect for different viewpoints
Best Trading Chat Rooms
1. Warrior Trading
Warrior Trading is one of the largest online trading communities, with over 500,000 active members. Both expert and novice traders can find value here as free educational materials are plentiful and the services are affordable.
The Warrior Trading chat rooms is specifically for day traders looking to make money on stocks every day. In addition to the chat room, as a member, you’ll be sent daily watchlists and streaming stock scanners and commentary from Warrior Trading’s top investors. Pricing for the service is modest compared to some competitors:
- Month-to-month service: $197 per month
- Quarterly service: $149 per month
- Annual service: $99 per month
The Warrior Trading chat room allows you to peek in on the trades of some of the most successful investors in the industry, which, combined with the price, makes this one of the most attractive trading rooms out there.
2. Bear Bull Traders
Bear Bull Traders is a small-sized, but diverse community of serious traders that concentrates on trading mid to large float stocks. The Bear Bull Traders community focuses on the essential aspects of day trading: preparation, execution, learning and practice.
You can start your trading day by joining in with the BBT Pre-Market Show as we find the stocks in play for that day as well as their critical support and resistance levels, and then, once the bell rings, you can observe our live execution of trades followed by explanations and learning recaps.
Bear Bull members also have access to proprietary scanners designed by our experienced traders and the Benzinga premium breaking news service that are accessible right from the chatroom.
Benzinga readers qualify for a 20% discount on lifetime memberships when you enter BENZINGA20 at checkout.
Bear Bull Traders platform. Source: Bear Bull Traders
3. Trade Ideas Live Trading Room
The Trade Ideas chat room is free for anyone to sign up. Traders in the chat often have unique perspectives about AI and the future of investing and automation. Since the service is free, you’ll undoubtedly run into a troll, but Trade Ideas is a forward-thinking platform filled with great information.
Trade Ideas is an interactive service using Holly, a computer AI, to find and execute trades. The AI can analyze far more data than a person, so in theory, could find a number of trading opportunities than a human would miss. Investors can get either a standard or premium plan for access to AI-generated trading strategies.
4. Investors Underground
Investors Underground is a service with multiple chat rooms and a library of tools if you want to get into day trading. For starters, investors can access a series of free videos which discuss the basics of trading and strategies for success. Membership plans are broken into two groups:
Investors Underground Pricing
Both plans give traders access to three chat rooms, each geared toward a different trading style. Members also get daily watch lists, webinars and a mentorship program with experienced traders. Elite members also get full access to the library of education materials plus weekly videos which recap various trading decisions and setups.
Monthly pricing for Standard is $197 and Elite is $297. Both plans also have an option for a one-time annual payment. Founder Nathan Michaud has an active Twitter presence, so follow or scan his timeline @InvestorsLive.
StockTwits has taken the trading chat room format and expanded it to a social media feed, where you can jump from conversation to conversation on all types of securities.
The layout is similar to the Twitter feed structure with users posting short comments, links, GIFs and videos. Using buttons, you can indicate a bearish or bullish opinion on the stocks you’re discussing.
“Twitter for stocks” is completely free to use. All you need is an email address to create an account. After signing up, you’ll create a handle and put the stocks you’re interested in into watchlists. You can begin conversations about different securities and get input from others using hashtags.
Of course, free has drawbacks; more trolls slip through the gates at StockTwits than other chats on this list. However, it’s the best place for investors who can’t stomach the thought of paying fees.
6. Hashtag Investing
Hashtag Investing began initially as a chat group leveraging Slack chat application but is now in the midst of re-launching on a brand new tool that allows for real-time chat discussion, forum posting, poll creation, easy filtering and searchable content as well as the capability of following other investors, direct messaging, and creating group chats.
Hashtag Investing prides itself on having a diverse audience of stock investors, as this allows them to have a wide range of different perspectives, ultimately allowing its members to get a complete 360 view of different ideas, strategies, and news.
Hashtag Investing also has many partnerships that allow members to get great promo codes for other services that stock investors find valuable. Currently, it is completely free to join, but there is a mandatory application form for all incoming members in order to filter out spam.
7. Jason Bond Chat Rooms
Bond has had an unusual career: he went from teaching school in New York to teaching traders how to invest in small cap stocks online. His stock picking service Jason Bond’s Picks has been featured in Forbes, Huffington Post, The Street and MSN, but his Millionaire Roadmap program is where we find the best chat room.
The Millionaire Roadmap is a personalized trading mentorship, where Bond and three other trading professionals teach, chat, and even arrange meetups with members – as long as you live in Boston, New York, Dallas, and Las Vegas You’ll get text and email alerts, DVD training materials and access to the chat room, where Bond and other traders share their account screens.
Instead of a lesson, members can see exactly how trades are planned and executed by watching the pros in action. The Millionaire Roadmap price, which is close to $8,000 a year will deter many users, but the main chat room on Jason Bond’s picks can still provide useful insights although without the live screen shots.
“No emotions, just charts” is the tagline for this trading service, which features a heavy slant toward technical analysis. ClayTrader has multiple training programs in a variety of different areas, including some free ones for new traders. One of the most cost effective option is the Inner Circle subscription, available annually for a one-time fee of $99.
A $99 yearly fee comes out to less than $10 per month, the most affordable private chat option we could find. Your service includes a newsletter with the watchlists and scans Clay currently looks at, a live chat room with stock alerts and a network to connect with other investors. Swing trading is the specialty of the room, but traders can find plays for both long and short strategies.
ClayTrader doesn’t have the flash of other trading chat services, but you’ll get plenty of bang for your buck.
Sick of trading alone? There’s a bounty of options available, so choose a chat room that aligns with your investment goals, make sure the service fits your trading style and that the price point is an excellent value.