Tradenet
I want to start off by saying I’m not an affiliate of Tradenet or any other trading service, I am in the Tradenet chatroom. This is my honest opinion of the service they provide.
I first learned about Tradenet because I was searching for traders trading a style that was like my own. Since we live in the age where all we must do is hoop online punch in a couple of key words into a search engine and bam. I was staring at over 12 plus pages of services – each one had its own unique way of trying to get you to trade with them. Mind you I’ve been trading for a while now and I’ve been a part of services in the past, some of those services some where most of the users were just sheep. Other services where everyone just having fun no one is trading seriously, people shouting out random tickers and random nonsense. I’m not taking anything away from those services that are out there, some people like a cheeseburger, some people like the chicken sandwich. We’ve each got to find what fits us.
After searching the web I was on Youtube and I found Meir Barak channel the link for his channel is listed below.
I like how Meir traded, he explained why he was going short/long where his risk his first profit target is. I liked the type of stocks and traded (Listed stocks) with good trading range and volume. At the time, I was with Suretrader growing my account but I wasn’t happy with them, this was due to the high fees, customer service or a lack of it (more about that later). I enjoy how Meir an enter and exited positions and of course the profits. At a time Tradenet was not available in the U.S. at the time. So, I continue trading when I saw a new video was uploaded I’d watch. Some time went by and my training improved, at the end of each video Meir would say if’ you’d like to trade with me please click in a link and get a 14 day trail ( in hind sight I should’ve but I never did) One day while on you to I ran across Matt Diamonds channel, Matt is an up incoming trader the link for his channel is below as well.
Matt’s a new trader with a real bright future ahead of him, while watching Matt’s videos I saw that he had signed up with Tradenet. I was waiting for the part where he’d stated that he was living overseas or in Canada, but Matt said he was based in the U.S. and that he was using the Colmex platform and was with Tradenet.
The link below is for Training Tutorials on how to use the Colmex platform
Now I didn’t sign up right away, I wanted more info. I’m a trader, I need to gather information, process it and then I make my decision. After viewing some more of Meir and Matt’s content and checking out the reviews of Tradenet. I signed up for the intro package which is $500, I was on a demo for a couple weeks just to just use to the platform. Once trading live I could move from the intro account to the student account fairly quick. You have to remember that I’m not new trading, I still make mistakes but I’m not “green”.
With the intro account, you gain access to the Tradenet chat room which is led by Meir and Scott, they have a support tech (Clifton) in the room in case anyone has issues with the feed or tech issue in general. Scott put out his watch list each morning which is great for new traders, he and Meir discuss what stocks are going to be on their main focus. The just don’t tell you watch this stock they share their screen out and go into detail about what they’re looking, where the support and resistance could be and most likely is.
I don’t know if new traders know how vital that is, I will not name names but some chat rooms have too much noise going on. But I can write another post about that later, Both Meir, Scott and the whole Tradenet are at your disposable. They have been times when myself and other members catch a ticket that they may miss and vice versa. I started a dialog with Scott my first day in chat (You can’t do that in some rooms) and I speak with him and others from the chat on a regular, such as Matt Dimond and other that have connected with me on social media.
We share ideas with each other openly, I created a video for Matt showing him how I scan for stocks on Think or swim he found it useful and took what works for his style of trading and incorporated into him own. There have been times when you’re going to have a bad start or a big loss, you need a community of people that know what we face each day and that can pick each other up.
When IPO’s come out, Tradenet can trade them, not only can they trade them but a game plan is stated by either Scott or Meir before it starts to trade. That’s huge! Mind you if you’ve never traded an IPO on day 1 I’d advise that you just watch it and see how other trade it that just my advice. There is no SSR (Short sale restriction) meaning you can hit the bid on a stock that has fallen more then 10% on the day. Again, that doesn’t mean that the SSR is not on for the rest of the market so be mindful as to where you enter at. Day-tradering for me is about “timing” a trading friend of mine the other day had the right idea but I the wrong time. He got stopped out only to see the stock come right back down and break through support and continue.
Ok, back on track the room is live all day, at different time other analyst will come into the room and give you their perspective of what’s going on in the market this is also a bonus. They can and must likely looking at different stocks, some are swing traders, Forex and daytraders all in all its solid service that provide a tier system for new traders that want to get their feet wet in trading and pros that want to utilize all the advantages that the Colmex platform the room is full of good traders that support each other and good mentors that are accessible. That with the live screen sharing and the call outs of when they enter and exit a trade I only have good things to say about them.