I agree. The majority of it isn't helpful because new traders ask questions during trading hours and often don't know what they're talking about. It's hard to distinguish what is and isn't quality information.
I had a hard time in there as well. What it came down to for me was that I just can't get with that strategy. The fast movers are just too stressful, and while $1/share can be made in 1 minute (See $ETRM), it can also be lost as fast.
I use the chatroom to see where the hype is at. I use free scanners (for now) so others with premium scanners are able to pick up things that I'm not able to catch. If I'm in a trade, I dont even bother to be in the chatroom. Most of the descriptions for tickers are extremely overexaggerated and personal emotions get thrown into the mix.
I agree. The majority of it isn't helpful because new traders ask questions during trading hours and often don't know what they're talking about. It's hard to distinguish what is and isn't quality information.
I had a hard time in there as well. What it came down to for me was that I just can't get with that strategy. The fast movers are just too stressful, and while $1/share can be made in 1 minute (See $ETRM), it can also be lost as fast.
I use the chatroom to see where the hype is at. I use free scanners (for now) so others with premium scanners are able to pick up things that I'm not able to catch. If I'm in a trade, I dont even bother to be in the chatroom. Most of the descriptions for tickers are extremely overexaggerated and personal emotions get thrown into the mix.
I use chat room just to ensure i dont miss out any stock which is not in my scanner.
Join now or log in to leave a comment