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What to look for in a trading room

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Elite Member
Aurora, Il USA
Trading Experience: Advanced
Platform: TradeStation
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traderlars View Post
how can you pay attention to the market if you are being distracted by a chat room? if you want distractions turn on cnbc. trading rooms are a waste of time.

I know what your saying and would agree to some extent but, for a person that doesn't know what he/she is doing it is not a distraction. Guys like me and I guess you can definitely get distracted. We have our own "thing" and listening to other people usually results in losing money. I have in the past have visited some of those rooms to just see what others do. A few times I would pick up on something that would be of use to me so I wouldn't really badmouth these guys for being a distraction entirely. All that being said I think his advice is sound about chat/trading rooms

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