New Rules For My Chat Room1. Be polite. Do not harass or use demeaning or offensive language. Do not argue or insult. If someone violates this rule or posts incorrect info, please private message a moderator (dont respond to that person).2. Tickers must be typed in CAPS. Stock chat abbreviations can be found below (and should never be in CAPS). Dont post anything else in CAPS. There is also a list of general chat abbreviations below.3. The topic of the chat room is momentum stock alerts, primarily for stocks priced under $15. If a higher-priced stock has momentum (such as a 10% move) then it is on-topic. While people can make money from other kinds of trading, scalping stocks such as AAPL or playing merger arbitrage or scalping ETFs is off-topic. Stocks that do not have much volume are off-topic as well
to day-trade we need volume. Cryptocurrency price moves are off-topic, except when they can affect stocks.4. We are not investors. The chat room is not the place for your in-depth due diligence on stocks you are trading. If you do something like that, please discuss it outside of market hours.5. Stay on topic by keeping to stock alerts and brief discussion (two sentences or less) of trades from 9:00 AM EST to 4:00 PM EST (the 30 minutes prior to the open and the whole trading day). Everything that is not a stock alert or a brief discussion of a current or potential stock trade is off-topic during this time. For example, saying XYZ is perking up after consolidation or ABC just broke support or XYZ just filed a PR saying New contract with GE are useful alerts. Trade discussion means giving reasons why you think a trade is good or bad dont just say XYZ is a good buy here or I think XYZ goes up, give a reason to justify why. Off-topic posts will result in a gag, sometimes without warning (a gag means you wont be able to post in chat).6. No pumping, cheering, or bashing stocks. If there is relevant news, then post it (and post a link). But do not say things like Come on SIRI! or XYZ is a fraud or Go XYZ! Always give a reason for why you think a stock will move.7. No stocks under $0.01 unless specifically approved by the chat administrator (Michael Goode).8. If you give an alert, give a reason; dont just type the ticker. For example, instead of typing XYZ!, type XYZ dropping like a rock!9. Please no questions during the trading day (i.e., What brokerage do you use?). Dont ask questions that require knowing the future (will XYZ go up?). Dont ask if there is news unless you have already checked chat history and no one has posted news (see helpful hints for using chat #8). Dont ask if other people are looking to buy a certain stock. Dont ask if you should buy/sell a stock. If you dont know, stay out or get out. You can private message Michael Goode or Tim Lento with such questions during the trading day. Or, you can ask after the market close
or best yet ask questions during Tim Sykes weekly Q&A webinars for his Millionaire trading challenge students! If you wish to discuss something during the trading day, go to the off-topic room by clicking on Chat Room > Off Topic. If you would like to discuss something with a particular user, kindly ask them to join you in the off-topic room. Do not answer questions in TIMalerts chat.10. Dont post information that has already been posted (we dont need 10 people announcing that a stock has been halted).11. Questions and alerts on whether a stock is shortable are off-topic during market hours. To find out how to check whether your broker has shares, see How to Borrow Shares to Short on Michael Goodes blog.12. If you have nothing to add to the discussion of a stock / trade then dont ask about it (What do you people think about XYZ?). Instead, when someone does mention an opinion or thought on XYZ you can ask the to elaborate on their reasons for thinking the stock will go a certain way.13. Anyone violating chat room rules or just being annoying will be gagged (anything they type will not be seen by others). Significant abuses can lead to completely banning a subscriber from the chatroom. Significant abuses that will lead to banning from chat include but are not limited to: spamming, harassment of other users, use of demeaning or racist language, and encouraging people to violate the law.