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As more people jump into option trading, the demand for option trading-related information and news has increased. Sites like YouTube, and Twitter have become the go-to platforms for option trading enthusiasts looking to discuss or learn more about option trading.
Discord is also very popular option trading community and holds a top spot among excellent places for people interested in option trading to share information, talk, and hang out. While you can watch and read a lot about option trading on YouTube and Twitter, Discord lets you interact more directly with like-minded people in the industry.
If you’re trying to choose the best option trading Discords to join, here are some of the best options we recommend:
Here’s what you need to know about some of the best option trading discord.
If you’re a beginner who is just dipping your toes in the waters, The Wealth Squad has all the information you need to get started, for only $75 per month. In addition, the Discord has over 40,000 members who are there to guide option traders newcomers.
Option trading can be tricky, especially in bear markets, when it’s difficult to make any profits or at least avoid losing money. If you want to get ahead as an option trader, you should join Elite Capital, when you’ll receive some of the best day trading signals over voice and text.
As a member of Elite Capital, you benefit from their signals of what to option contracts to load, when to enter, and when/how to get out. Elite Capital also has classes where they teach you how to find supply and demand levels, and how to understand tape reading.
The Discord is not free, as they charge $150 per month to get their signals, voice-over, and classes.
Diamond Trading is ideal for option traders who to finish trading the first hour or two of market hours. The Discord server mainly focuses on finding trades that are about to break out, or fill a stock gap. Another benefit of the Diamond Trading Discord server is that also give signals for futures.
Only Bands Trading Group is idea for new option traders who are just starting to learn the ropes and want to start at a low risk level. The Discord server provides great beginner friendly option trading guide books, and real-time signals on both entries and exits. Another great feature is that give their Discord members a quick digest on market news and updates, as it can be overwhelming for beginners.
What makes this Discord server great is that they choose monthly option contracts, thus making it low risk. Their stop loss is around -10%, and they start taking profits at 10% and scale out.
The Discord is not free, as they charge $25 per month to into their private channels.
The Collectives is one of the new Discord servers that provide great S&P 500 (SPY) option trades. This Discord server ideal for the option trader who wants to master trading the S&P 500. They provide great guidance on when to enter, and when to exit the trade. What makes this Discord server great as well, is the after hour breakdown on trades.
This Discord is not free, and in fact is relatively cheap. The Discord server costs $100 per month, and you can get a $200 discount for getting the annual plan.
Stock Talk Insiders is a great, and affordable Discord server with live trading and tech analysis every day.
For only $39 per month, you get:
You also get a great trading community with likeminded people who love trading. The core admins in this option trading Discord server are some of the most genuine and most helpful admins that we’ve seen to date. They’re always looking out for their community best interest, and always answering the community questions.
Aevitas Partners is a great group with traders who have gone through a number of bear markets and bull markets. This Discord server is ideal for traders who are looking for more of an investing approach, but with options.
Aevitas Partners are great at analyzing a company, and forecasting where the price of a stock should be. Once the analysis is done with, they will signal in their Discord server the leap option contract that they recommend.
If you’re just getting started in option trading or looking to continue growing, joining a Discord sever of like-minded individuals would be a step in the right direction. Discord channels are helpful for sharing information, asking questions, and catching up with others already in the industry.