Fire Trading Review
Fire Trading is a momentum stock trading chatroom which provides live guidance during market hours as well as Swing Trading ideas and education.
About Fire Trading
Fire Trading was started in January 2020 and is owned and operated by @FireTrading_. They trade stocks and options with momentum or news events. I tested out the chatroom for a week and felt that it was very welcoming and that any question I had was answered very quickly and professionally. I never was belittled or treated like an idiot, which I have experienced in several chatrooms. Each trading day, @FireTrading_ creates 5-10 detailed trading plan with entries, exits, and the reason for the trade. He comes on mic (Zoom meeting) around 9:15 EST to go over all the ideas and answer any questions.
During the morning trading sessions (9:30am EST to 11:00am EST) @FireTrading_, will stay on mic and discuss every trade he takes, why he’s taking it, and his entry and exits. He is a very patient trader who is looking for momentum not just quick scalps. To join the chatroom you can try a Free One Day Pass or join for a week ($50) or a month ($129). View All Options
Fire Trading YouTube/Blog
Although there are not that many videos in the YouTube channel, you can easily get a a feel for the room by watching some of the recap videos. The Fire Trading blog also has some great content for new traders such as Day Trading Psychology. Here is a recap below.
Fire Trading Setups
@FireTrading_ will tell you that he doesn’t like to take any trades right at the open, he is a patient methodical trader. If you take longer to process things or need someone to hold your hand as you’re learning to trade, Fire Trading is the room for you. The main setups are Gap and Go, Earnings, Offerings, and News events. Fire Trading likes to see a trend forming and take a trade with clearly defined risk. It is not uncommon to hear @FireTrading_ say on mic that he got stopped out of a trade several times a day.
Fire Trading Pros
- Clear – You are always presented with a clear plan each morning.
- Transparent – You always know what trades @FireTrading_ is in or out of.
- Community – The other traders and moderators are very helpful and are always willing to help you.
- Education – Ever trade is explained and there are period webinars that are free to members
Fire Trading Cons
- Penny Stocks – rarely, if ever played.
- Options Education – although options are played, how strikes and expirations are selected is not explained.
Yes! I think Fire Trading is a great room, especially for new traders who are looking for someone to teach them the ropes. Sign Up Today