I Joined Investors Underground Elite

Investors Underground EliteI Joined Investors Underground Elite

When I wrote this review on the Nathan Michaud Textbook Trading DVD I clearly stated that I was eventually going to join Investors Underground Elite. Well guess what? Eventually has come. A few days ago I signed up for a full year’s subscription of IUE. I did this for many reasons which I will gladly explain below.

First, a recap of the last 6 months. If you haven’t read this popular post you won’t be familiar with when and why I joined the Tim Sykes Millionaire Challenge. Aside from making a living and the fact that I am busy with 2 kids and 1 wife a lot has happened since the end of January which has kept me more in education mode while watching daily on the sidelines.

So, with that being said, I won’t bore you with how time consuming the kindergarten process was for my son. Nor will I pester you with the workload I had with selling 2 homes in 2 months in 2 different states. I can’t imagine whining about how much effort it takes to sell a website. And there is no way I will even say a word about needing a personalized vacation after vacationing with my entire family. Nope! I refuse to share any of that information with you because for all intents and purposes those all sound like excuses. 🙂

Let’s be honest! 7 trades using a particular strategy, which can all be viewed here, can’t be considered a financial success no matter how big the win. You see, success for me is more than just my monetary gains. It’s rooted in my education. And we all know that learning something new can be fun yet challenging. But, even though you can’t see those challenges, in case you are judging only by my Profit chart, I am 100% active everyday.

Here is a little taste of what I mean.

  • I watch daily video lessons.
  • I participate in weekly webinars.
  • I have written 16 posts including a response to an accusation “Tim Sykes is a scam“.
  • I do nightly stock scans choosing what stocks to look at the next day.
  • I do nightly charting with support/resistance levels.
  • I read the news on what moved the stocks I scanned.
  • I come up with a plan of how I might trade the next day and follow up with a recap.
  • I paper trade or not depending on the set up.

Yes I was dead against paper trading as you might have read during this point of my day trading journey but, like the volatile stock market, things are always changing. 🙂

I also redesigned Beyond Debt’s look and feel. Ok how does any of that pertain to why I joined Investors Underground Elite? Patience I am getting there. 🙂

Yes Tim Sykes, Michael Goode and his team have taught me more in the last 6 months than I have learned in the last 20 years I have dabbled in the markets. Hands down I will continue to learn from them. However, I figure if I plan to do this for the long haul then I want to learn as much as I can about the fundamentals and technicals of the market. In addition, I want to learn more about charting, watch lists and what moves a stock. I also want to learn about other strategies to see what works for me by expanding on my education which leads me to…

Reasons I Joined Investors Underground Elite

Day Trading Lessons

Well that pretty much sums up the reasons I decided to join Investors Underground Elite. Now that things have started to settle down for me my goal is to expand on my education while continuing my nightly routine that I might share one day real soon. 🙂

Oh and just so you know. For all of those who don’t think I am thorough in my research… I read all the not so pretty things about Nate too. I didn’t post them because, in the words of  Clark Gable as Rhett Butler:

Frankly My Dear I Don't Give A Damn

Disclosure: My wife tries to liquidate my IRA to shop for perfume so I started using an affiliate link so I could retire peacefully. 


Important Resources

  • Read my frequently asked questions or if you need personal 1 on 1 guidance from me on how to fully prepare as well as protect yourself from the misrepresentation please click here.
  • Every month I update this post here for my personal "Millionaire Challenge". I suggest you read the entire post and when you reach the bottom you can see my updated progress.
  • I highly recommend the Simple Path to Wealth book to grow Your wealth simply and steadily. It will educate you beyond your financial imagination. This is my review of the book.
  • If you are new to stock trading test your knowledge here with a basic stock market quiz.
  • There are a lot of secrets in trading stocks and I reveal 20 of them in this popular post.
  • If you are confused about short selling stocks then read this simple explanation that will clear it all up.
  • This free stock research tool will give you all the necessary information on any stock you type into the search bar.
  • Do your best to avoid day trading distractions. Especially the 10 I list here.
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32 thoughts on “I Joined Investors Underground Elite

  1. Jai i absolutely love your blog. Your testimony and reviews have helped me discover my insatiable desire to learn more about these topics that due to my skepticism were far from my mind. Now i can see that those teaching products (Nathan’s and Tim’s products) worth the investment.

    Thanks for your effort and greetings from Colombia.
    Jeison Muñoz

    1. ¿Qué parte de Colombia? Mi esposa es Colombiana y mi familia y yo alquilamos una finca en Sopetrán en Abril. Anyway, it is good that you are skeptical because there are a lot of things that happen in the markets that you will never know about until you meet the professionals who trade there daily. Me alegra que le guste el blog y que te ha ayudado. Gracias por venir.

  2. Soy de Barranquilla “la puerta de oro de Colombia” and you and your family are welcome whenever you want and thanks again.

  3. Hey Jai it’s Jeison. I wanted to know what simulator you use to paper trade and the one that is the most complete so i can get use to the enviorment. Thanks

    1. Hey Jeison,

      I am using Interactive Broker’s simulated trading. It’s amazing how many little mistakes you make when you aren’t familiar with a new platform. I am also looking into Das Trader Pro. I will update the blog when I can chat about it. Thanks for the invitation as well. That was really nice of you to mention.

  4. I didn’t mention but when you come here, i’ll invite you to see “el carnaval the Barranquilla”, the most representative cultural event on February.

  5. Jai
    I’m glad I found your blog. There is so much content both negative and positive on trading and traders. I’ve followed Sykes for a couple months and will pull the trigger soon on my education. I’ve recently seen a couple of IU videos on YouTube and see the value so many traders put on there service. Going to look into them also. I look forward to reading more and starting on my road to financial independence. FREEDOM IS NOT AN OPTION. IT’S A NECESSITY!

  6. Hi Jai,
    Are you still with Investors Underground? I am seriously thinking of joining once I have gone through the Textbook Trading DVD. May I ask you how it is going with them? Are you happy with joining them?

  7. Good information here….looking for some advice however. I am looking to first learn as much as I can about trading then take a shot at executing. How does this plan sound…

    – currently going over Sykes DVD’s
    – Joining the “silver” skyes plan after I finish DVD’s
    – Do free trial and walkthrough @ IU
    – Join IU once I have made enough profits to justify switching to them

    Also any advice you have for a new trader would be great! if we can exchange emails off line from this forum I would love to pick the brain of someone who has been through the start up phase


    1. Hey PlainCheese,

      You sound like you have a plan and having a plan is always a good way to start. How does your plan sound to you? You have to be the one that is comfortable with it. I would say however, you should do as much self educating as possible on the sidelines before joining anything. Study all you can study. Google is your friend. Also there are tons of comments and blog posts on my site… all of it is free… you would highly benefit from reading everything… and I mean everything. Then once you finish I would suggest reading it again.

      Good luck.

      Good luck.

  8. Hi Jai,

    Firstly, thanks for all your recent posts.

    After being offered to take part of the TS challenge team, I did my research and to cut a long story short I have decided not to take part. I am considering joining IU or ClayTrader. I’m indecisive on which mentor will be more beneficial to me. I generally just want a mentor that will be most help and transparent. What are you’re views on these mentors? and who would you recommend?

    Thanks again

    1. Hi Lorenzo,

      I am no longer in IU nor am I in the TS challenge. I learned a lot in IU but the community wasn’t quite for me. There are a lot of heavy hitters there and asking questions seems like it’s always an issue. Even on after hours I felt like I was bothering them. I never asked many questions but when I did the answers were short. Anyway, I do think they are a great community but just not for me. I am currently with Day Trade Warrior and so far I have enjoyed them the best. Unfortunately I don’t know ClayTrader. I did watch a video of his once and thought it was interesting. My opinion goes no further than that. Hope this helps.


  9. Just sort of interesting how you had so much praise for IU and now all of a sudden a few months later your story has changed to being a proud member of DayTradeWarrior, another chat room that I have heard terrible things about. Just curious how your income has changed going from chat to chat? Were you profitable with IU or not, and are you currently profitable with Day Trade Warrior or not? It seems that the main reason you left is because they don’t respond well to newbie questions?

    1. What you call funny I call growth. Actually I have nothing bad to say about IU and think they are a solid chatroom. My only issue with them is that they are more geared for the heavy hitter trader in my opinion. DTW has excellent education and various strategies for various styles of trading.

      You will hear terrible things and great things about every chat room in the entire world. What you do with that information is your decision.

      I was profitable with IU and am profitable with DTW.

  10. Hi Jai,
    I just wanted to say a BIG THANK YOU for sharing your journey and experiences with us all!! Keep up the great work!!
    Cheers Mark

      1. Hi Jai,

        Great blog. You have already helped me a bunch but I have a few more questions. I was putting together cost and this is what I have so far
        – charts (eSignal) http://www.esignal.com/compare-products
        – $145/month or $295/month Elite
        – Broker (speedtrader) http://speedtrader.com
        – $25$/month (charges waived $199 Commissions generated per month
        – Stock Scanners( Trade-ideas) http://www.trade-ideas.com
        – lower package is $99month/ $888year
        I can see fixed cost at least $300-$400/month just to have the tools. Am I on the right track?

        I would like to know also what is a good system to run everything on such as PC or Mac, GHz, Ram, #screens and size of screen?

        I live in a rural are and am wondering do you have any idea how much data you use on a typical day of trading?

        Thanks very much for your time.

        1. You are absolutely correct. I would even say it’s about $500 or more a month plus all the money you will lose. That cost has to eventually be added in and if you do well then none of that should matter. I suggest you read this post I wrote here.

          As for a trading system I absolutely love mine. Read my post on it here.

          I don’t have much clue about how much data I use but I have the best internet for my purposes. I have never had an issue.

          I hope that helps.

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