I have heard that many chatrooms will often “pump and dump” a stock and that many times when a trade is called it can be difficult to enter because there are so many other people also trying to enter. How is your room different?
First of all hype is prohibited in the Main Street Trading Room. Our primary focus is on education and all stocks are mentioned with that purpose in mind. Secondly, we only trade liquid stocks with high average daily volume. On daytrades we prefer stocks with an average daily volume of 750k/day and on swingtrades we prefer stocks over 250k/day. Additionally, we avoid stocks with large spreads. A spread is the difference between the bid and the ask. We also keep to setups which are be easily explained to members and most positions given are done so with ample time for discussion before they are entered. If there is not much time before the setup occurs, then we are always willing to explain setups and the reasoning behind them afterwards to help members learn what we are looking for to aide them in identifying the patterns in future positions.
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