This review is my experience in the IU chat and
community. I have not fully
utilized all the features offered.
I have mainly just stuck to the momentum room. For those that don’t know, you get access to 3 rooms with
IU. The momentum room, OTC/sub
pennies room, and a swing room. You
also get Nate’s watchlist and Muddy’s momentum scan included.
The momentum room – by far the biggest of the 3. Before I forget I should mention you
can be in all 3 at the same time if you want. This is also the fastest moving room. The alerts come in fast and
furious-never a shortage of ideas to act on. This room is where Nate posts his trades and explains his
plan. He also posts commentary on
his trades such as warnings when not trade if your new or key areas to watch
for support/resistance break. This
is also the room that trader530 posts breaking news. His alerts are great because he is so fast, you can get in
on the front side of moves if you act fast. There is always a ton of volume coming on the news he
posts.
OTC/subber room – Run by mountaintrades. Slower pace room than momentum and I
have not spent much time in here.
Personal preference to stay away from most OTC stocks because I like to
be able to get out of a position fast.
I have struggled to get my order filled on a few OTC stocks and had my
order skipped over, so I mostly stay clear. Also know it is slower in the summer, so will be popping in
more in coming months. I would say
there are usually 75 – 100 people in this room when I’ve checked it out. There are a bunch of good traders in here
besides mountaintrades – main one that I reach out to that comes to mind is
modernrock. If you don’t know who
he is, I suggest at least checking out his twitter.
Swing trader chat – run by offshorehunter. I keep telling myself that I need to
start paying more attention to this room.
I like how it is run, like OTC room has a more relaxed feel to it, and
they post charts of what they are looking at and areas they are interested in
each stock. This is also the room
that is most like Superman’s room because he is a swing trader. So in here instead of the alerts being
a ticker and an entry price, there is a link to a chart showing the view she(or
member posting) is looking at and seems to be a great way to learn what set ups
she likes to trade. I have not reached out to her like I
have some of the other mods (mainly momentum room) but will be doing so
soon. I am starting to go over
some of her webinars and like her teachings and trading strategy.
This leads me to the what I feel is the best part of Investors Underground. The other
members. There are a lot of
successful traders in the room and they have all been happy to help and answer
any questions I throw their way.
None of the other traders have ignored a message I have sent them. They have been through the early days
of a trading career and have some great insight into what helped them reach the
next level. They have been happy
to explain what they saw when they entered a trade and their plan. But the person I have reached out to
most often is Nate himself. I
message him everyday with a few questions that I have throughout the day. He has always answered them all and he responds really fast
too. I expected him to be tied up
watching his trades and slow to answer but that is yet to be the case.
One more thing I want to mention about being a member of IU chat is the webinars. This is the
time to ask Nate any question you have about trading or a previous play. He goes over any chart to show you what
he saw and why he traded a stock the way he did. Michele also does webinars to help shed light on her
strategy and trading. Best part is
they are recorded and posted for members to view anytime. So its not a huge deal if you miss it live,
you can still learn from other members questions. The webinars are a more interactive version of the video
lessons (screen capture trade recap) Nate does for Investors Underground Elite members.
Also see my review on Nate's DVD, Super Alerts and PennyStocking Silver reviews
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