First, you need to clarify WHICH trading room you are in!!!

The most accurate room in terms of reported profits is the daily swing trade room – there is ZERO number fudging here – they post all entries AND EXITS on these trades. So that $760,000 number (as of Nov 2008) is a REAL number.

However, for the Daily STOCK TRADE room – You need to BE VERY VERY VERY VERY careful in that room. I’ve been in there for a month, know this:

- They do claim victory on all up ticks regardless of if the stock retraces 100% to zero the other way. That’s a little messed up, but you should be using a stop anyway
- They actually really make like 90% of their profits on 2-3 stocks ONLY and on 1-2 RIDICULOUSLY huge moves per day on that stock. You’ll see SKF, SDS, SRS traded – they’ll stab at them 5-6 times missing 4-5 times on stops to hit one 20 point run on the stock, then claim credit on all 20 points.
- So the $1M dollar number they post for the daily stock room is pretty bad and they should be ashamed of it, but they are not.

My best suggestion if you want to play the day trade stock room is use tight $1 stop losses on most trades, except on the big mover symbols use a $2 – $2.50 stop. For upside, if $1 stop, use a $2.25 minimum upside target for $2 stop, use minimum $5 upside target.

Follow their exits as best you can, they do tell you when they are in and out, and fasten seatbelt looking for the big runs. It will NOT be a slow steady climb, it will be violent 5-6 stops, one big rip, 3-4 stops, 2 big rips, etc.

Go into the room prepared to immediatly sufferr 5-10 stops and then make it back. Some days it will be all rosey and you will go right up, but most days it will be bumpy.