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There are SO MANY day trading chat rooms. Some are good, some are bad … Some are downright dangerous! Learn how to tell the difference.
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There are SO MANY day trading chat rooms out there. Some are good. But others are bad or downright dangerous.
So how can you tell the good from the bad and dangerous?
In this video, I’ll take you through the ins and outs of chat rooms. Take notes. Watch this over and over if you need to … I want you to stay safe.
BTW, you might be noticing the hot new charity merch I’m wearing … Yeah, saving the world matters. Otherwise, there won’t be much point in trading or making money.
But back to the topic of chat rooms. These days, it seems like everyone has one. Gurus are quick to promise that they’ll give you the best picks and alerts.
You want hot picks? Get off my channel. Don’t follow me.
Hot picks didn’t make me rich. Hot picks didn’t make my five millionaire students rich.
(Quick disclaimer: These results are far from typical. My students and I have dedicated time to build our trading knowledge and hone exceptional skills. Most traders lose money. Always remember trading is risky. Never risk more than you can afford.)
Let me ask you this … How many chat rooms have confirmed millionaires who show every trade? I’m not talking screenshots here.
Here’s the reality: hot picks don’t teach you anything.
Every year, I go back to my roots and trade with a $12K account. That’s how much I had when I started trading. I use my trades as lessons, and I donate the money I make to charity.
Check out how a lot of chat rooms operate … There’s a ‘guru’ who says “trade this.” Everyone does, and then the guru sells into everyone else buying in. How do you think that works out for those followers?
Most chat rooms work to enrich the guru. Not the people. Don’t be a follower. Most chat rooms are just big massive examples of groupthink. That’s a problem.
I’ll tell you why my chat room is different … and how it’s just part of what I teach. My bigger goal is to help you learn to think for yourself — the chat room is just supplemental.
I don’t want to be a downer. But you NEED to know the truth about most chat rooms so you can stay safe.
Leave a comment … How do you use day trading chat rooms? No specific chat room names, please!
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Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I’ve learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.*
* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/