7 Most Beneficial Day Trading Discord Servers 2024: The Updated List
Discord servers gained a lot of traction and popularity for offering free services such as technical analysis, voice chat, trade alerts, and information on current trades for traders and trading enthusiasts. Discord channels are generally private and work on an invite-only model to ensure communities can collaborate and interact. With the host of features that discords offer, they soon became an instant hit among traders and the stock trading population.
A majority of the discord channels for day trade are free of cost, and therefore the most logical place for new traders to look for information as they start trading to achieve financial independence. Other traders can also try their hand at day trade using the information shared readily on these discord channels. With a variety of discord channels doing the rounds, it can get confusing to figure out which ones are safe and beneficial for you to join.
Let us take you through the best of the discord servers out there; we’ll also provide some key insights into day trading discord channels as we move along the list we have curated for you:
- Top Allrounder Choice: Earn2Trade
- The Most User-Friendly Choice: Black Box Stocks
- Best Educational Discord Server: Bear Bull Traders
- Excellent Choice for Individual Investors: Dumb Money
- Top Revolutionary Discord Group in the Stock Market: Wallstreetbets
- Best Stock Market Analysis for Trading Stocks: L Money Enterprises LLC
- Best Discord for Collaboration: Boiler Room Trading
Here Are Day Trading Discord Servers
Now that you know what day trade discord servers are and which ones made it to the top of our list, let us take you through them one-by-one so that you have a better context of the strengths of each of these discords.
1. Top Allrounder Choice: Earn2Trade
With funded trading accounts, Earn2Trade provides almost a risk-free trading experience for its swing traders looking to trade futures contracts that are also listed on the CME. It’s a rather simple process, traders apply to a qualification program. Upon qualifying for the program, traders are given access to funded accounts and can virtually conduct a zero-risk trading ensuring that they do not lose money and their capital remains secure.
With their recent addition of a discord server in July 2021, Earn2Trade has become an easy collaborative space for all future traders as well as new traders. A key point to remember is that this trading group may not be perfect for day traders looking to explore stock alerts for their trading day. Instead, it is a place that is well suited for building future traders with a high probability for success. Here, you can make a living trading over the weekends without any risk by following the price action closely.
The day trading discord community enables members and other traders to chat, share trade ideas, technical analysis for futures, interact with other members, and ask relevant questions during regular trading hours. An extremely useful resource with an excellent track record, Earn2Trade can be called the best server for swing trading whether you are a novice or an expert trader.
CLICK HERE TO READ MORE ABOUT EARN2TRADE
2. The Most User-Friendly Choice – Black Box Stocks
Black Box Stocks or BBS, is a popular choice among day trading enthusiasts and experts. Along with the channel, Black Box Stocks offers a momentum stock screener, a private Twitter group, and an unusual options activity scanner. The discord server offers live trade updates, a collaborative trading community, and a host of educational material.
The Black Box Stocks servers can gauge the best momentum stocks in near real-time. Once you log into your Black Box Stocks account, you can locate the link to the day trading discord server on the right pane of the screen. If you are a new trader, you will have to raise a request for access to the discord server.
Once you secure your access to the discord community, you can access information regarding day trades, live trading streams, trade ideas for swing trades, stock alerts, and voice chat. Depending on your skill levels, you can join communities and chat groups that will benefit you the most while conducting your day trades. This discord trading community also has the most respectful environment within the chat groups and live streams.
The day trading discord channel also offers a top 10 list that you can follow to keep an eye on the market and recent trades. There is also an options activity scanner, which allows members to locate unusual options activity, sweeps, block trades, and dark pool trades. You will also have access to live webinars, detailed technical analysis, trade alerts, and other tools that could be useful to your investing journey, especially during market hours.
CLICK HERE TO READ MORE ABOUT BLACK BOX STOCKS
3. Best Educational Discord Server: Bear Bull Traders
Bear Bull Traders is focused on day trading education and ensuring a smooth journey for novices learning the tricks of trading. The day trading discord server recently added a chat room to their pre-existing web-based trading chat room for swing trading. This is slated to expand the reach of the server and improve collaboration among the members.
With Andrew Aziz and his team streaming their trades live and in real-time, especially during the first half of the day, members are sure to benefit from joining this server. To ensure the trading chat rooms are moderated adequately, expert moderators are designated within the chat rooms on most trading days. Here, the experienced and expert-level swing traders can communicate and share ideas with the newer more inexperienced members sharing the wealth of information they have amassed.
The experts educate the members over a screen share while they screen stocks, trade stocks options, and interpret the market. There are many ways to connect with the chat room, you can join it using the internal web-based platform or use the more recent brand new bear bull traders discord server chat room.
With curated watchlists created every day, Bear Bull Traders assists you in identifying stocks, trades, learning how to spot trends, form an entry or an exit strategy, etc. Lead by Andrew Aziz who is also the best-selling author, this server is an exceptionally good choice for those looking to learn something new every day.
CLICK HERE TO READ MORE ABOUT BEAR BULL TRADERS
4. Excellent Choice for Individual Investors: Dumb Money
Started by a group of friends Chris Camillo, Jordan Mclain, and Dave Hanson, it has become one of the more popular online trade communities for day traders. To prove that individual investors can also make seemingly wise investment choices even with dumb money, the channel was born. With over 45,000 members the swing trading discord server wants to teach individual traders that even with a small capital, you can reap big gains if you leverage the proper tools.
The discord server offers a wealth of information on business models, leadership, and the customer base of each company. Going against the popular belief of only studying the financial statements of a company before investing in it, holistic research options as provided by the community take into account almost all factors that could influence the market and trading platforms.
CLICK HERE TO READ MORE ABOUT DUMB MONEY
5. Top Revolutionary Discord Group in the Stock Market: Wallstreetbets
Wallstreetbets is a Reddit trader community that is also credited with generating the hype of meme stocks and causing volatility in the prices of stocks such as BBBY, GME, and AMC. Having generated the memestonk revolution in the year 2020, Wallstreetbets discord community became the flag bearer of the individual trader revolution.
With over 600,000 members, this trading discord channel is one of the most popular for sharing quick investing tips, tricks, trade alerts, and has live trading streams that discuss the hot stocks of the day. Whether you are someone looking to add more value to your Reddit experience or a trader looking for a rich community of fun-loving traders, Wallstreetbets is a safe bet to rely on if you are looking for likeminded individuals to share your trading journey with.
This trading discord has a community that borders on hyperactive in terms of day trading, and expert traders are also available to take questions. A key thing to remember is that to gain the best of this discord, you must at least possess some basics of trading, day trading or others. Therefore, it is not the most suitable for those looking to learn the basics of swing trades.
The type of stocks discussed generally change and comply with the movements in the day trading market. With this discord community, however, you must be careful to ensure you do your research periodically. Although that is part of the due diligence you should perform at any discord community, you should bear in mind that some people may want to sway or influence the stock prices while posting trades.
CLICK HERE TO READ MORE ABOUT WALLSTREETBETS
6. Best Stock Market Analysis for Trading Stocks: L Money Enterprises LLC
With over 10,000 members and growing, this option is slowly gaining momentum across the globe. In addition to offering general information, guidance, and day trading alerts, it also offers educational resources on topics ranging from the basics of swing trading to advanced stock tips.
The discord offers a stringent set of guidelines and rules that apply to all members and discourage all forms of unethical practices. Created to fill the void that some people felt in the day trading niche, this trading discord discusses its strategy openly and contains a host of groups within the overarching group. There is also an option to join the more premium version, which operates on a tiered basis to fit the pockets of every trading enthusiast irrespective of their financial situation.
CLICK HERE TO READ MORE ABOUT L MONEY ENTERPRISES LLC
7. Best Choice to Trade Penny Stocks: Boiler Room Trading
A homegrown discord community that was started by Connor Pollifrone, a young trader merely in his twenties, Boiler Room Trading has gone on to become a popular choice in the market for penny stock trading. Backed by its solid day trading information, it now has over 55,000 members under its belt. The most popular channel here, #Daytrading pulls in thousands of traders that discuss ideas, hot tips, their possible trades, live trading streams, and even in-depth analysis.
The discord also offers premium access which is a paid service similar to what many discord communities offer. In this discord group, cryptocurrency and penny stock are also discussed quite frequently. Due diligence is however advised especially if you are looking to invest in a penny stock based on the information shared within this group. Besides the usual risks, this discord group is one of the best places to find friends and other traders that may be interested in achieving the same trading goals as you.
CLICK HERE TO READ MORE ABOUT BOILER ROOM TRADING
Key Points to Remember When Choosing a Discord Service
Discord servers are generally free of cost and can be used without any paid subscription. You can also choose to pay for more premium services that some of these discord channels provide and leverage a higher level of information, day trading courses, and collaboration during regular trading hours.
Caution should however be exercised when using discord channels since there is an extremely overwhelming amount of information out there. Following expert traders and following in their footsteps is a fair strategy, however, you must do your due diligence. You can try your hand at simulated trading, extend your knowledge by talking to people with the same expertise level as you and the common practices that they follow to ensure that you stay active within the trading community.
Conclusion
Based on our understanding of the discord servers and the known associated risks with day trade, Earn2Trade is leagues ahead of the other discord servers in the market out there. With a simple model that requires no risk to your capital, Earn2Trade is the most logical choice if you are looking to start your trading journey.
Experienced traders and a wealth of information ensure that you start trading with your pre-loaded account and make profits without worrying about your losses. With the membership model followed by Earn2Trade, your risk management requirements also go down. To start your journey in the market and to grow as a trader, pick a discord community of your choice and join today.
