Forums are great places for traders to interact, become apart of a community and share ideas with like minded investors. Always do your own due diligence before trading any stocks mentioned on message boards because they’re a hunting ground for penny stock promoters to lure in suckers. If you can filter out all the crap, they are useful.
Investors Hub offers charts, scans and a good list of the most active forums, which helps you find which stocks are on the move. While it has lots of promoters, it is a good forum to get ideas and see which companies the penny stock community is talking about.
My favourite and probably second most popular forum after investors hub. Includes: free stock quotes, forums for individual stocks, message posting from experienced traders and chat-rooms full of profitable traders. The most thing traders find useful is the free portfolio system that lists the users with the biggest trading gains overall and in the last 30 days. This gives you the chance to look at the top traders (theMagician, mamspoker, Lionmaster) portfolios, see what stocks they’re trading, look their past trades and study their exit and entry points. This alone offers massive insights into how profitable investors trade. This is where Super trades (Paul Scolardi) and learned his strategy.
OTF combines a good forum and chatroom. The site has decent daily activity and a solid community around penny stocks. It offers 3 free newsletters and different resources for any kind of investor. They hold weekly stock picking contests for penny stocks under $2 that offers users the opportunity to make money by picking the highest percentage mover (long or short). They also track / analyse stock picks from the crazy Jim Cramer, share investing ideas and create videos lessons around subjects like how to trade IPO’s. The forum is well moderated by Thierry Martin but be aware of posters pumping stocks who obviously have hidden motives.
Doesn’t have a forum but has a free chatroom. I’d avoid using their website mainly because it’s owned by a stock promoter and in the past they have pumped stocks in the chatroom using buzzwords like “this stock is going to moon”, “XYZ is gonna be a six bagger”. They have some great information for newbies but just stay away from their alerts because they’re gonna crash and burn.
Raging Bull is a mix of a very simple to use forum and a message board. It has many boards but unfortunately, the penny stock message board is quite inactive. This is not our top choice but still deserves a look.
Hot Stock Market is a good message board dedicated to small cap investing. It has daily activity and a strong focus on technology stocks.
SI is a great penny stock forum for tech oriented investors to get ideas in the technology sector.