These are not regular stock market newsletters, but full-fledged services that provide stock picks, a trading community, and educational materials.
On this page you will find services that offer most of the following features.
- Stock picking alerts
- Live Trading Chat Rooms
- Watch Lists
- Educational materials (not all)
Who should sign up for one of these services?
- This is not for someone looking to save money or invest their money for small returns.
- These are for people who are looking to actively trade stocks and make at least a part time income from their profits.
- If you want to find high-quality low-priced stock picks without being chained to your computer all day then your the right candidate.
*This is the only service that I actively use myself. Former public school teacher Jason Bond is ... Read Review
|$133||Rated 5 stars|
Can Superman save the financial day? Paul “Superman” Scholardi is a veteran smallcap swing ... Read Review
|$147||Rated 4 stars|
Jeff Williams seems to be quite new to this And I would rather take a wait and see attitude. Both ... Read Review
|$149||Rated 4 stars|
Timothy Sykes is a well know if not abrasive personality and penny stock trader. His Profit.ly ... Read Review
|$75||Rated 3.5 stars|
The live trading subscription from watchhimtrade.com grants its users access to a real-time stream ... Read Review
|$99||Rated 3.5 stars|
One of the most important parts of any online day trading service is the team behind it. Led by ... Read Review
|$197||Rated 3.5 stars|
Clay used to trade on emotion and he lost almost everything because of it. He was able to rebound ... Read Review
|$||Rated 3 stars|
Bulls on Wall Street is built from the ground up to teach you to trade – regardless of your ... Read Review
|$99||Rated 3 stars|
Warrior Trading offers a real-time day trading chat room, training courses, live classroom sessions ... Read Review
|$149||Rated 3 stars|
The Great Stock Pix website offers a live trading chat room in which members become part of a team ... Read Review
|$199||Rated 3 stars|
Honestly, I think that profit.ly picked up Connor only because of the large amount of press he had ... Read Review
|$147||Rated 2.5 stars|
Live Traders is all about real traders making real decisions in real time on the virtual trading ... Read Review
|$197||Rated 2.5 stars|
Rick’s Picks is a smaller online day trading platform with a bit more personality than the average... Read Review
|$47||Rated 2.5 stars|
Will Stockpicks is one of many stock picking services. I don't see a whole lot to recommend will ... Read Review
|$47||Rated 2 stars|
Millennium Traders offers a wide variety of Chat Room and Training Tools for traders of every skill ... Read Review
|$299||Rated 1 stars|
The Service I use
The service that I use myself is Jason Bond Picks (read full review).
Jason offers three services that are tailored to what you want to accomplish. I use the day and swing trading service.
Day And Swing Trading
Set up for someone that is looking for stock picks and a connection with an active trading community. Trade part time or follow and active day trader.
Long Term Trading
Ideal for someone who wants to trade but doesn't have the time during the day for swing or day trading.
One on One mentoring from Jason Bond with access to all of his other services. A premium service for serious traders who want an edge.
still lots of reviews in progress.
Benefits of Joining Stock Trading Chat Rooms
Unlike stock trading newsletters that only issue periodic informational articles on a weekly or monthly basis; services that offer chat rooms are a real-time glimpse into a professionals trades.
The best Mentors will have full transparency of their trades whether they did well or not. Some of the better Traders (like Jason Bond) share a live feed to their broker accounts letting you watch in real-time as they scan the markets and place trades.
live chat rooms with (depending on the size) a mix of new and experienced traders with a handful of moderators (usually employees) and a head moderator. These rooms can be a great place to connect with a community and identify trading opportunities that you would never have even seen on your own.
Joining the community is one of the biggest reasons that a veteran trader would sign up for one of these services.
Day trading can be a lonely profession. Unlike trading forums there is much more direction and focus.
For a new
Most services will offer a daily watch list or a list of stocks that are expected to have a big move soon. Depending on the type these will be a heads up on upcoming day trading and swing trading opportunities. Unlike alerts, these usually have a detailed explanation as to why and how they are expected to move.
Many new chat rooms integrate a live feed of the head traders broker screen into the service. This real-time access to a pro traders broker give you in-depth insight into their trades that a written newsletter or email alert does not.
Alerts are the main reason that most subscribers join in the first place but many quickly learn that the watchlist and education provided offers much more long term benefits to them and their trading.
Features Of the Best Stock Trading Chat Rooms
Have you ever had a conversation with someone whose conversation moved so fast and was so impressive that you quickly became an active listener? Maybe you even got the chance to learn a little bit more by interjecting with an intriguing question. At the end of the conversation, perhaps you learned more about that topic than you would ever have learned otherwise. The best stock trading chat rooms have moderators that talk you through the process of stock trading during regular trading hours as you watch them trade stocks before your eyes in real time.
While there’s no better investment instructor than one that perfects his or her craft right before your eyes, there are additional benefits to joining a stock trading chat room. Let’s review some of the features that make the best stock trading chat rooms great.
Benefits of Joining Stock Trading Chat Rooms
The single greatest benefit of joining a chat room is getting first-hand experience watching investors trade stocks in real time. Chat rooms allow you to get a glimpse of the inner thinking of seasoned financial investment experts. Chat rooms typically have a moderator that walks members of the chat room through their process of analyzing stocks and anticipating which of them are likely to make a welcome move. Then, subscribers get to watch the moderator make trades right before their eyes in a virtual learning environment. This format allows the time and space for chat room members to ask questions about trades in real time while questions are fresh in their minds.
Participating in a chat room expands an investor’s knowledge beyond reading articles and newsletters by growing their network with like-minded people. Chat room subscribers gain the opportunity to learn about different investing strategies from experienced traders as they review their conversations with other seasoned traders online. This cuts the learning curve on investing education substantially. Skillful traders tend to have more of their followers than others. Chat room subscribers will quickly learn which traders are worthwhile to follow.
It’s exciting to watch investments grow, but risks can hit fast and hard. Networking with advisors and fellow investors often comes with a dose of qualified caution. Long-time investors will be among the first to throw a red flag to the impulsive investor about the risks and downsides of trading.
If you invest long enough, you’re sure to go through a slump or period of financial loss. Fellow investors can be instrumental in helping their peers restore their confidence by helping them find a new direction. It’s the kind of support that can only come from other investors. When doubts creep in, the investing network can invigorate the passion and help their peers get rid of reservations.
Features of the Best Stock Trading Chat Rooms
If you had the opportunity to sit in the chair next to a successful trader, how much could you learn just by watching the thought process that goes into analyzing and making a trade? Investors use many tools to help them analyze the hottest stocks and prevent them from moving at the wrong times. They put information together using charts, graphs, and other documents. Chat rooms give them a format for sharing those materials with subscribers. Here are some other things to look for in the best stock trading chat rooms.
- Daily watch list
The best stock trading chat rooms will send a watch list to your email every morning. Watch lists give subscribers some insight to the market before the day’s trading begins. The daily watch list gives patrons a heads-up on swing trades, momentum stocks, and day trades. The watch list will also provide some investing tips and strategies.
- Sharing of audio and visual feeds
Hearing the moderator’s voice or being able to see them speak helps investors make a personal connection with their educators. The best chat rooms have the technical advantage of being able to share audio and video files with subscribers.
Moderators of chat rooms will share graphs and charts in real time so that subscribers in the chat room can learn from trades as they happen. It also allows them to ask questions and get feedback about specific trades from the moderators and other investors in the chat room.
- Live alerts
Subscribers of the best trading chat rooms will get a live alert sent directly to their emails or smartphones at crucial times when a move is about to occur. Many chat room subscribers can have the chat room open while they are working. They rely on these alerts as a source for knowing when to check-in on the chat room.
- Easy access to moderators
Moderators are savvy traders and chat subscribers look to them for a hands-on trading experience. The best stock trading chat rooms will allow subscribers to ask questions of the moderators before, during, and after the chat. Active subscribers have the opportunity to ask burning questions right in the middle of the action.
- Having the Right Size of Participants
The best stock trading chat rooms will allow enough subscribers in to ignite a lively discussion so that they can learn from one another. Having too many people in the chat room discourages opportunities for customers to ask questions and get answers. If you’re having trouble getting a word in edgewise, it’s best to try another chat room.
Some Final Words
Chat rooms often come as part of a package of other financial education services as an additional resource. Not everyone has the benefit of being able to trade as their primary source of income. Full-time workers that are allowed to have an open chat room while they are working get the best of both worlds. It’s a chance to experiment with investing on a lower level and still use their first income to pay the bills. Participating in a chat room gives them the confidence to take calculated risks while exercising a degree of caution as others coach them.
Features of the Best Stock Picking Services
If you are looking for help in finding the most profitable stocks, you won’t have trouble finding one. A quick google search will yield dozens of pages of websites for stock experts. Rather than taking a shot in the dark, narrow your search for the best stock picking service by looking for the type of information that will guide you to the investment strategy that works for you.
Investing in stocks carries a factor of risk, and there’s no guarantee that your money will grow. To be successful in investing in stocks, it’s important to know the experts from the scammers. You’ll also need to stay on top of the market trends and projections. A seasoned financial expert can be a valuable asset when it comes to the timing of trading.
Check Out the Trader’s Background
Learn who the top investors are and check to see if they have websites, stock picking services, or products that you can buy to learn more about their investment strategies.
Find out whether the trader is conservative or aggressive. You’ll also want to learn the trader’s approach to analyzing the market and how he or she narrows down the choices for recommendations. Traders should be transparent in their approach to their own investing and be able to explain reasons for acting or watching certain stocks.
A review should give you a pretty good idea if the trader’s investment philosophy matches your own. An active trader’s services won’t work well for a working person that can’t check stocks during the workday. These reviews will give you the good, the bad, and the bottom line scoop from other traders that have used and rated their services.
Frequency of Contact and Updates
When you are first starting to trade and understand the financial markets, you’re bound to have lots of questions. When choosing a stock picking service, you’ll want to know that if you email a question to the advisor, you’ll receive a response back in a timely fashion. When responses return few and far between, it’s time to consider a different service.
Think about how the service will send you alerts and how often you expect to receive them. Can you expect an email in your inbox when you switch on your computer in the morning? Will you get updates in real time throughout the day? Can you expect updates via text messages throughout the day? Real-time updates via any source only have value if you have time to read them as they come in and act on decisions.
What’s On the Watch List?
The best services will post a Daily Watch List and Weekly Watch List. Traders watch and analyze trending markets and consolidating markets and form a list of stocks that he or she anticipates will make a big move. Investors will look for the volume of trading, breaking out of a 52-week range, moving above its 200-day moving average, or other criteria when deciding which stocks go on the watch list.
The mentors will list the reasons why they chose those stocks. Some of them will also display a short video that explains their choices in greater detail. Experts that have daily watch lists will send an early morning email that gives the trader’s outlook on the market, predictions about possible changes, and any stocks that he or she recommends to make a trade.
Does the Service Have a Chat Room?
Day traders will want to look for a stock picking service that has a chat room. Moderators put out robust day trades all day long in real time and share their picks with online subscribers. In addition to listening to the moderators and watching them trade, you’ll also learn a lot from the questions and discussions from the other investors in the chat room.
If part of your strategy is to use the chat room to place your trades, you’ll need to be fast. Set your trade as soon as the trade comes through before the price runs too far.
You don’t need to take advantage of the chat room every day. Many investors find that it’s worthwhile to use a stock picking service that has chat rooms so that they can use them on days when they are not at work and still make money. The best trading services have chat rooms for real time traders and separate chat rooms for investors that want to have general discussions on investment strategies and related topics.
Does the Service Offer Educational Materials?
Beginning and seasoned investors are a work in progress. Regardless of your level of expertise in financial, it’s helpful to study other experts’ approaches to analyzing the market. The best stock picking services offer books and videos to help their subscribers learn more about effective investment strategies. Jason Bond Picks offers free webinars that cover the basics of trading like support and resistance, technical analysis, money management, and market scanning.
You may be able to purchase DVD’s and register for webinars without a subscription, but you may find that there is more value in taking the subscription and getting educational materials as a bonus.
It may not be that fun to pay continuously, but that gives the service provider a reason to continue to pump out great content and advice. Keeping you engaged, educated and happy is best of both worlds.
Choosing the best stock picking service is a personal preference.
It’s possible that you won’t find just one that gives you all of the information that you need to make your decisions about investing. Smart traders might consider subscribing to several services that complement each other in various ways to get the most out of the investing experiences.