>How does one profit from a chatroom?
Good question. I think one can benefit from a chatroom (or not all chatrooms are alike), if it assists in a well defined trading strategy. The few people on our chatroom benefit from having a lot of eyes on the market and stocks, that can identify potential trades, or potential trouble with a trade, and traders do profit from it. But our chatroom is only a small tool (more of an add-on), in a box of trader's tools that are truly necessary for being a profitable trader.
When we originally started we didn't intend on having a chatroom but got coaxed into it by a former partner who asked us to set-up an educational site. Now having run one for over 2 years I can say it is very enjoyable to have a place to converse with other traders, and we have profited from their suggested picks too.
Do we profit from our members trading our picks? Absolutely not, first, we are small and have no market influence, we have no relationship with a broker, we tend to pick higher volume (and float) stocks, our buys are predefined, and we stay in positions longer.
So a chatroom can allow one to focus on the right stocks at the right time, and profit from it.
Sam
savvy-trader.com |
