If you’ve just stumbled upon this Investors Underground review, please keep in mind that I’m somewhat new to trading. I’ve been studying charts, patterns, candle sticks, oscillators, SEC filings and company fundamentals everyday for a few months now.
This review is intended for those with some trading experience who are wondering if the Investors Underground scan and chat service is really worth the money.
Before we begin, you should know something.
When you sign up for a service such as Investors Underground, there’s an implied notion that you have some trading knowledge. If you don’t, its time to crack open some books or purchase a video training series such as Textbook Trading or Tandem Trading.
Candle Charting Essentials and Beyond is another great place to start.
Investors Live Daily Scans
Momentum Scan, Bounce Watch and Scans for the day. The Momentum Scan and Bounce Watch are put together by Muddy. The Scan of the day, is assembled by Nathan Michaud.
The stocks that appear on the Momentum Scan show signs of recent volume and increasing daily range. These stocks may be capable of becoming volatile. Because there are quite a few stocks on this list. I only monitor the ones I’m comfort with and within my price range.
The Investors Live Scan is where it’s at for me. Here you’ll find a number of stocks that may be in play throughout the upcoming day. The list contains more than just a few picks. It contains a chart and explanation for each stock being mentioned.
I go back to this watch list several times a day. I like to dissect each and every chart on the Investors Live scan. I want to discover what makes each stock worthy of being watched before the market opens.
Investors Underground – Swing Chat
I don’t spend much time here as of yet. I’d like to learn more about momentum setups before taking on another method of trading. If you’re the type of person that prefers buying a stock, then waiting a few days or weeks to cash in, this chat room is where you’ll find other like-minded individuals.
— Nathan Michaud (@InvestorsLive) October 4, 2014
This is what I really like about Investors Live. There are a number of talented traders that congregate in the chat rooms each day. Success traders talking about their trades provide another avenue to discover what makes for the best setups.
Investors Underground – Momentum Chat
This is my preferred paid chat room. I really like the idea of making money off of a trade within minutes or hours. I’m good at researching information online and processing what it all means. I’m also cool under pressure. Day Trading is a fast paced environment with little to no room for mistakes. Errors = a loss of money.
Unlike other chat rooms where pretty much anything goes. Nathan, the moderators and even other chat participants help keep the rooms free of BS. Some people like to promote their position to draw in unsuspecting suckers. I’ve been a sucker more than once. I’ve bought into a stock that had no volume but a lot of hype.
During market hours, Nathan will communicate through the chat room as he buys and sells stock. I don’t necessarily recommend using chat rooms for stock picks. By the time someone tells you about a position they’re in, it may be too late to profit from it. You have to be really fast or really lucky to bank off of a trade alert.
Every time I’ve tried to use a chat room or a guru stock pick, I end up losing. Its recommended to use hot stock tips and trade alerts as learning exercises. When Nathan alerts everyone to a stock he’s in. The overall goal is for you to be following that stock on your own and not waiting for him to tell you when to buy, sell or short.
Investors Underground – In Comparison
So far I’ve used Tim Alerts and now the Investors Underground service. Of the two, I prefer Investors Underground. Tim Sykes is a very successful trader, teacher, blogger and self-promoter. He specializes in hyped up and junk stocks to short. Almost all of the stocks in his daily scan contain some type of wild, crazy or bad news about the company or it’s product.
If your niche is shorting stocks, Tim Alerts might be a good fit for you. If you trade an overall balanced mix of stocks that range in price from below $1.00 to $100 per share, the Investors Underground service may be the best fit for you.
Investors Underground – My Final Thoughts
When I found out the Investors Underground service was $197 a month for the package I wanted, I just about shit a brick. At the time I didn’t really get it. $200 is a lot of money for some people. What type of information could possibly be worth $1,000’s each year?
Now I know why its so expensive. It all comes down to the quality of the daily scans and the integrity of the chat room.
The Investors Live scan is a small, straight to the point detailed list of 5 to 10 stocks that will more than likely be in play throughout the day. I see Nathan trading these same stocks as the day progresses. I like to see the person who created the list actually trade the same stocks mentioned in the scan.
Nathan is not only trading the stocks mentioned, he’s banking off of them!
The chat room has one significant rule during trading hours that I really like. You either post something useful for everyone, or risk getting muted. I just witnessed a moderator mute someone today immediately after they posted an off-topic comment. Some comments are a waste of everyone’s time.
If you’re looking to a join a chat room that is free from the noise and assholes promoting their shitty positions all day, this is it. What you’ll find in the Investors Underground chat room are people alerting to possible setups. For example, if a stock is beginning to show signs of the ABCD pattern or if the stock is putting in higher highs or lower lows, you may find out in time to act on it.
The video below is what helped convince me to join after weeks of internal debate.
Greg is just one of several traders that benefit from the Investors Live daily scans and chat room. If you checkout the Investors Underground YouTube channel, you’ll discover a lot more interviews like this one.
From what I’ve seen up to this point, I plan on sticking with the Investors Underground service until I feel as if I don’t need it. My overall plan is to learn how to trade without the assistance of outside voices. Learning how to scan for stocks before the market opens and during the day is something I really need to work on.
The IU service is exactly what I need right now!
If you’re just starting out, odds are its a struggle to find the right stocks to trades. In addition, you’re probably having trouble entering those trades at the right time.
These are the 2 main reasons I joined Investors Underground. I expect to learn what makes a stock worth watching before the market opens. I also expect to learn when to enter and exit trades as I watch other people in the chat room post their real-time positions. I’m not expecting this service or any other one to be the end all, be all.
I’m simply adding it to my list of resources that become apart of my daily routine.