Guide to Services Index

We highly recommend that everyone interested in trying the Millennium-Traders Day Trading Rooms thoroughly and completely read this Guide prior to accessing the Trading Room of their choice. Remember, you the Trader shall be fully responsible for any and all of your final Trading decisions. We recommend you print this Guide for future reference.

Stocks

Our Expert Moderators in the Stocks Trading Room make calls on stocks, based on prices going through from Time and Sales for each stock called, from the NYSE, AMEX and NASDAQ markets based on momentum and news. Indices calls are also available upon the discretion of the moderators. The Stocks Trading Room is most active each market session from 8:00 AM until 4:00 PM Eastern Time.

Futures

Our Expert Moderators in the Futures Trading Room make calls on the following: YM: Mini Dow, TF: E-Mini Russell 2000, ES: E-Mini S&P 500, NQ: E-Mini NASDAQ, GX: DAX, ZG: 100 oz. Gold, QG: Natural Gas and QM: Crude Oil based on momentum and news. The Futures Trading Room is most active each market session from 8:00 AM until 4:00 PM Eastern Time.

Forex

Our Expert Moderators in the Forex Trading Room make calls on the following: GBP/USD, USD/CAD, USD/JPY, EUR/USD, GBP/JPY, USD/CHF, EUR/JPY and AUD/USD, based on momentum and news. The Forex Trading Room is most active each market session from 8:00 AM until 4:00 PM Eastern Time.

Below are complete details and explanations of alerts given by our Expert Moderators as they make calls during the market session. For the day traders convenience inside the Trading Room, these alerts have various color coding along with, different sound effects per alert. Upon your first visit to the Trading Room of your choice, we urge you to pay close attention to the action going on so that you can become familiar with how they operate.

Inside the Trading Room you will see color coded Alerts with corresponding color association which are presented for the day traders by our Expert Moderators:

Long Positions:

Watching for Long: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators to notify traders that they are watching the trend of a particular Stock, Futures or Forex symbol for a possible long entry position. This means that the Moderator feels that the Stock, Futures or Forex symbol may be ready to move higher from its current position and that they may make a call to traders in the Room to consider taking a possible long position on that particular Stock, Futures or Forex symbol, shortly after the ‘Watching for Long' alert is given. This alert allows traders the opportunity to prepare for the trade. This is not a notice telling anyone to take any position. The actual entry price, number of shares/contracts/lots traded and any profits or losses for any trade made by the traders in the Room remains the full responsibility of each individual trader. We do not suggest a trader take any position until a ‘Consider Long’ call is given by our Expert Moderators although; this remains at the discretion of each trader. There will be times when a Moderator gives a ‘Watching for Long’ call with no follow through of a ‘Consider Long’ to actually consider taking a long position because the Moderator may not feel comfortable with the Stock, Futures or Forex symbol trend and/or the current market conditions, at that particular time.

Consider Long: [Stock, Futures or Forex symbol] always use a tight Stop Loss: An alert posted in the Trading Room by our Expert Moderators to notify traders that now is the recommended time to enter a long position, if they so desire. This alert indicates that, the Moderator feels a particular Stock, Futures or Forex symbol has a profit potential, as a long position. The actual entry price for any call made in the Room shall be at the full discretion of each individual trader. The Moderator is not indicating that the trader enter a position at a particular price since the entry price of any trade, is at the full discretion of each individual trader. We urge traders to NOT chase a Stock, Futures or Forex symbol just to get a position in any particular trade. As a Stock, Futures or Forex symbol begins to move, there is no way of knowing how long the run will last and when a trader chases a Stock, Futures or Forex symbol just to get in on a call made in Room, the run may very well be over and the trader may be facing a losing position, as soon as they enter a trade. There will be plenty of calls made in each Room therefore; there is absolutely no need to chase any call, just to get in on a trade. After a ‘Consider Long’ alert is given in the Room, the Moderator will follow through with a ‘Uptick Winner Alert’.

Uptick Winner Alert: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators after a ‘Consider Long’ alert is given on a long position to notify traders that the trade is heading in the right direction, based on the Time & Sales Price. The Moderator will add the long position to the Open Position window which is to the left of the Room chat area. The open position shall consist of: Symbol, the first ‘Uptick Winner Alert’ that was posted in the Room and an L to indicate the position is long plus, if the call is made during the pre-market session, you will see PM as part of that particular open position. As the price of the Stock, Futures or Forex symbol goes up based on Time & Sales Price, so will the ‘Uptick Winner Alert’. The ‘Uptick Winner Alert’s’ will continue to be posted in the Room as long as the Stock, Futures or Forex symbol price keeps going higher and as long as the Moderator maintains their long position. The first ‘Uptick Winner Alert’ given by our Expert Moderators on any call shall be considered the entry price, for performance purposes. The last or final ‘Uptick Winner Alert’ given by our Expert Moderators on any call shall be considered the exit price, for performance purposes. There is no way to determine when the last or final ‘Uptick Winner Alert’ will be on any call.

Consider Taking Some Profits: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators to notify traders that a run in an open position call for a Stock, Futures or Forex symbol may be slowing down or coming to an end and that they may want to consider selling a portion or all of their position ahead of the crowd, if they so desire. Traders should not wait for a ‘Consider Taking Some Profits‘ alert to be given prior to their decision to either take some or all of their profits on any particular trade.

Consider Selling: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators to notify traders that now is the recommended time to exit a current open long position if they have not done so already. ‘Consider Selling' may be given by the Moderator as a suggestion for traders to sell their long position when the Moderator feels the run is over, if the trader so desires. Traders should not wait for our Expert Moderators to give a ‘Consider Selling' alert before they decide to sell a long position. After a ‘Consider Selling’ alert is posted in the Room, that particular position will be deleted from the Open Position window. Each trader is responsible for their individual EXIT decision on any trade they make. Not every long position call will result in a ‘Consider Selling’ alert.

Below are a few examples when a ‘Consider Selling’ alert may not be given by our Expert Moderators:

• If the call hit the recommended Stop Loss;
• If the Moderator feels the Stock, Futures or Forex symbol has more upside potential even though there may have been a slight pullback on the call;
• If the call is near the entry and the Stock, Futures or Forex symbol is holding in a tight trading range;
• If the market is closing and the Moderator is still in a call. We HIGHLY recommend traders close all open positions at the end of the market session although, this remains the traders final decision.

Short Positions:

Watching for Short: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators to notify traders that they are watching the trend of a particular Stock, Futures or Forex symbol for a possible short entry position. This means that the Moderator feels that the Stock, Futures or Forex symbol may be ready to move lower from its current position and that they may make a call to traders in the Room to consider taking a possible short position on that particular Stock, Futures or Forex symbol, shortly after the ‘Watching for Short’ alert is given. This alert allows traders the opportunity to prepare for the trade. This is not a notice telling anyone to take any position. The actual entry price, number of shares/contracts/lots traded and any profits or losses for any trade made by the traders in the Room remains the full responsibility of each individual trader. We do not suggest any trader take any position until a ‘Consider Short’ call is given by our Expert Moderators although; this remains at the discretion of each trader. There will be times when a Moderator gives a ‘Watching for Short’ call with no follow through of a ‘Consider Short’ to actually consider taking a short position because the Moderator may not feel comfortable with the Stock, Futures or Forex symbol trend and/or the current market conditions, at that particular time.

Consider Short: [Stock, Futures or Forex symbol] always use a tight Stop Loss: An alert posted in the Trading Room by our Expert Moderators to notify traders that now is the recommended time to enter a short position, if they so desire. This alert indicates that, the Moderator feels a particular Stock, Futures or Forex symbol has a profit potential, as a short position. The actual entry price for any call made in the Room shall be at the full discretion of each individual trader. The Moderator is not indicating that the trader enter a position at a particular price since the entry price of any trade, is at the full discretion of each individual trader. We urge traders to NOT chase a Stock, Futures or Forex symbol just to get a position in any particular trade. As a Stock, Futures or Forex symbol begins to move, there is no way of knowing how long the run will last and when a trader chases a Stock, Futures or Forex symbol just to get in on a call made in the Room, the run may very well be over and the Trader may be facing a losing position, as soon as they enter a trade. There will be plenty of calls made therefore; there is absolutely no need to chase any call, just to get in on a trade. After a ‘Consider Short’ alert is given in the Room, the Moderator will follow through with a ‘Downtick Winner Alert’.

Downtick Winner Alert: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators after a ‘Consider Short’ alert is given on a short position to notify traders that the trade is heading in the right direction, based on the Time & Sales Price. The Moderator will add the short position to the Open Position window which is to the left of the Room chat area. The open position shall consist of: Symbol, the first ‘Downtick Winner Alert’ that was posted in the Room and an S to indicate the position is short plus, if the call is made during the pre-market session, you will see PM as part of that particular open position. As the price of the Stock, Futures or Forex symbol goes down based on Time & Sales Price, so will the ‘Downtick Winner Alert’. The ‘Downtick Winner Alert’s’ will continue to be posted in the Room as long as the Stock, Futures or Forex symbol price keeps going lower and as long as the Moderator maintains their short position. The first ‘Downtick Winner Alert’ given by our Expert Moderators on any call shall be considered the entry price, for performance purposes. The last or final ‘Downtick Winner Alert’ given by our Expert Moderators on any call shall be considered the exit price, for performance purposes. There is no way to determine when the last or final ‘Downtick Winner Alert’ will be on any call.

Consider Taking Some Profits: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators to notify traders that a run in an open position call for a Stock, Futures or Forex symbol may be slowing down or coming to an end and that they may want to consider covering a portion or all of their position ahead of the crowd, if they so desire. Traders should not wait for a ‘Consider Taking Some Profits‘ alert to be given prior to their decision to either take some or all of their profits on any particular trade.

Consider Short Cover: [Stock, Futures or Forex symbol]: An alert posted in the Trading Room by our Expert Moderators to notify traders that now is the recommended time to exit a current open short position if they have not done so already. ‘Consider Short Cover’ may be given by the Moderator as a suggestion for traders and day traders to cover their short position when the Moderator feels the run is over, if the trader so desires. Traders and day traders should not wait for our Expert Moderators to give a ‘Consider Short Cover’ alert before they decide to cover a short position. After a ‘Consider Short Cover’ alert is posted in the Room, that particular position will be deleted from the Open Position window. Each trader and day traders are responsible for their individual EXIT decision on any trade they make. Not every short position call will result in a ‘Consider Short Cover’ alert.

Below are a few examples when a ‘Consider Short Cover’ alert may not be given by our Expert Moderators:

• If the call hit the recommended Stop Loss;
• If the Moderator feels the Stock, Futures or Forex symbol has more downside potential even though there may have been a slight pullback on the call;
• If the call is near the entry and the Stock, Futures or Forex symbol is holding in a tight trading range;
• If the market is closing and the Moderator is still in a call. We HIGHLY recommend traders close all open positions at the end of the session although, this remains the traders final decision.

Room Information

Open Positions

When you log into any of the Trading Room, you will see Open Positions at the top of the far left column and below that, when you click on the phrase that appears 'Click Here for Open Positions', you will see any current open positions for the Room. As open positions are closed by our Expert Moderators in that particular Room, they will merely disappear from the Open Positions window. As a new position is added by our Expert Moderators for that particular Room, you will see the new open position merely appear in the Open Positions window. You do not need to do anything else to see the Open Positions window other than to click on the Click Here for Open Positions when you first log into the Room.

Details of Calls

Full details of all calls made are available from the following:

• The 'Message History' icon from inside the Trading Room. Simply move your mouse over the icons that appear above the members list at the top right while inside the Room and when you see ‘Open Message History’ click on that icon. You can only view the 'Message History' from the time that you log into the Room therefore, to view a full history of the day, you should login to the Room as early as possible. Once you log out and then you log back into the Room, the 'Message History' will start over from the time that you logged back in.
• The Performance Report which is available at the end of each market session from our website.
• Room Logs are accessible from My Account page, for subscribing members.

Sound On/Sound Off

When you log into a Trading Room, you have the option of hearing only the sound effects from the Alerts if you so desire. To hear only the sound effects from the Alerts make sure that when you move your mouse over the first icon above the Members list at the top right while inside the Room that resembles a small teardrop it reads 'Sound On'. On the third icon that resembles a small speaker, click on it so that a red circle with a red line appears through it. If both of these icons have a red circle with a red line through both of them, you will not hear any sounds from the Room at all including, no sounds from the sound effects from the Alerts.

Avatars, Fonts and Add Smiley

Below the chat area inside the Trading Room, you can select an avatar of your choice which will appear by your username while inside the Room by clicking on the Change Avatar icon and click on the avatar of your choice.

You can change your font type and color by clicking on the appropriate type or color of your choice. You should avoid typing messages in the Room in all caps as that is a action reserved for our Expert Moderators. Be sure the color you select is legible to yourself as well as others in the chat area. You can do a test in the Room to view any color changes you make.

When you type a message to be entered into the Room you have the option to add a smiley of your choice. Simply click on 'Add Smiley', select the smiley of your choice and when you click either Send or hit enter to the message you typed in the appropriate space, your smiley will appear with your message in the chat area for all traders to see. To remove a smiley from your message prior to entering your message into the chat area, simply click on the smiley in the message area and you will see the option to 'Remove Smiley'.

Logging Out

To completely log out of the Trading Room, click on the far right icon that resembles an arrow pointing to the right which is located at the top of the Room. When you move your mouse over this icon, it will read, ‘Exit Room’.

Performance Details

Please view the Performance Tracking page.

Miscellaneous Trading Information

Number of Shares/Contracts/Lots to Trade

While this remains entirely up to each individual trader and day traders, it is generally dependant upon the amount of capital available; risk tolerance for the individual trader and day traders; the share/contract/lot price plus, the individual trader or day traders experience.

Entering and Exiting a Position

We DO NOT recommend any trader or day traders use a Market Order to ENTER any position, although the final decision is up to the individual trader. Entry price is a very critical stage when make a trade and EMOTIONS must be controlled. NEVER chase a trade to enter a position. When the Stocks, Futures or Forex market is moving fast in one direction or the other, you could be entering when it’s done with its run; this is part of CONTROL. We recommend once a position is entered, you load your EXIT, sell or buy to cover price on your online brokerage data feed. Be prepared to EXIT the position when you feel it is time. We recommend a trader sell or cover a position into the run, not when it’s done! Traders and day traders should not, under any circumstances, wait for our Expert Moderators to give a sell or cover call in the Room, also referred to as the EXIT on a call. Keep in mind, our Expert Moderators may allow a call to pull back more than you the trader and day traders would like before they call an EXIT, that is why it is so vital that you do not wait for an EXIT call from them, you must make the decision on the amount of profit and/or loss you are comfortable with.

When you want to EXIT a position in a fast moving trade, traders may wish to consider using a Market Order at that time, if they so desire, although the final decision is up to the individual trader and day traders. You the trader and day traders must decide when to EXIT a position. Remember, there is no room for Greed! Many traders and day traders use Trailing STOPS to EXIT a position; contact your Broker for complete details and availability.

Traders Tips

We recommend traders and day traders are ready for the market session at least one hour before the markets open. By doing so the trader and day traders may accomplish the following:

• Have their online data feed and charts loaded;
• Have the Room of your choice loaded plus, anything else you utilize during the market session loaded;
• Allows the trader time to deal with any possible connection problems, ISP problems, etc;
• Provides the trader and day traders an opportunity to relax a little before the opening bell, not feel rushed or in a hurry, try to get a feel for the upcoming market session direction and be abreast of any developing Pre-Market News.

Brokerage Accounts

Traders and day traders should have an online brokerage account that provides Direct Access Trading. You should have a complete setup with Real Time Data, NOT DELAYED: Level II, Level I, One Minute Charts, Quote List for your watch list plus, point & click execution. Having a reliable brokerage account cannot be undermined. You cannot have your online broker crash while you are in a trade, when you are trying to open a position, when you need to EXIT a position or you are unable to reach them by phone immediately. Time is of the essence when making a trade. The Stocks, Futures and Forex markets can move incredibly fast in certain market conditions and you the trader need to have the best brokerage support available. A few dollars saved in commissions could possibly cost you a great deal more because you are unable to connect to your broker online and/or unable to reach them by phone.

Internet Connection

We highly recommend the best ISP possible. Traders and day traders need reliability and your ISP is your bloodline when you are trading online. It is also recommended that traders and day traders consider having a backup ISP in the event one Internet Connection goes down; you have something to fall back on.

Trading Room Rules

Please follow these simple rules to receive the utmost benefits while inside the Room:

• Read the Trading Room Guide in its entirety;
• Traders are not permitted to post links to any other website as this can disrupt the Room and/or offend other traders;
• Abusive behavior toward our Expert Moderators or other traders is strictly forbidden;
• Falsely hyping a position is strictly forbidden;
• Promoting of any other chat room or services is strictly forbidden, those found abusing this rule shall be kicked and banned from the Room;
• Traders are not permitted to post their email address or phone number inside the Room;
• Should a trader enter a position against the call of one of our Expert Moderators the trader is expected to refrain from posting their position, gain or loss as there will be traders holding a position is the same direction as that of our Expert Moderators;
• Show respect for our Expert Moderators as they are focused on providing you with the best calls possible in the Stocks, Futures and Forex markets during the market session;
• Show respect for other traders inside the Room;
• Avoid disrupting the flow or conversation occurring inside the Room;
• Maintain a clean conversational atmosphere while inside the Room;
• Questions or comments should be presented during a time when the markets are slow;
• Refrain from addressing our Expert Moderators about non-trading issues. If you have a question or comment regarding any thing other than trading, you should send an email to the appropriate department using our Contact Us page.

Day trading is not for everyone. For those of you who truly want to become a Member of a Professional Day Trading Room, you have come to the right place. Day trading is not a get rich quick scheme. It takes a lot of hard work, DEDICATION, CONTROL and DISCIPLINE. Day trading is a business and if you learn to run it properly, it can be very good to you.

Day traders must build CONFIDENCE in them self and their individual day trading style. Develop your own individual day trading strategy and at no time should you attempt to duplicate the performance of our Expert Moderators in any Room or the performance of any other day trader. Many day traders set daily profit goals and when they reach that profit goal during the day; they either walk away from their trading platform all cash or switch to demo mode to continue practicing their individual day trading strategy. Profit goals can be increased slow and steady as long as they are being met on a consistent basis. If you the day trader find you’re in a trend of making good trades, analyze what you have been doing that is working for you. The very same analysis must be done if you’re in a trend of not making good trades. What are you doing that is not working? Remember the good trades you make and what you did to make them work for you. Remember the bad trades and FOCUS on not repeating what you did to lose on the trade; CONTROL and DISCIPLINE are required to assist you with this issue. For further assistance on your personal training, view the Training Programs that we offer for Stocks, Futures and Forex.

OVERNIGHT HOLDS is not something we recommend, although this is the day traders final decision. Normally day traders who hold a position overnight do so, on HOPE and many have seen this HOPE only turn into disaster. Overnight holding in these markets can risk your capital; there is no way to know of the latest market news that may affect what you are holding, overnight. The risk can usually far out way the reward. In addition, many traders and day traders who hold a position over night, risk the possibility of their trading account funds being placed on hold the following market session by their broker which could result in their inability to trade at all during the following market session. We recommend you consult your broker on this issue.

Prior to making a decision to hold any position over night, you should consider appropriating a specific amount of your capital in your Trading account that is to be specifically utilized for investments. For those interested in investing over the short term, you may wish to consider subscribing to our Daily Swing Trades service.

AVERAGING DOWN is not something we recommend, although this remains the traders and day traders final decision. When a trader or day traders average down, more frequent than not, they only add to an already losing position.

CONTROL your trades; NEVER let your trades control you or your capital! DISCIPLINE is a key factor to the success of a day trader. With no DISCIPLINE or no CONTROL, a day trader can be out of business in a very short period of time. A day trader needs to make the decision; do you want to be a day trader or an investor? Day traders are all CASH at the end of each Market Session.

FOCUS is essential and you should have absolutely NO distractions what so ever. There is no room for error and that includes no room for distractions. If you know there is a possibility of your being distracted at any time during the market session, you should not day trade on that particular day. EMOTIONS have no place while day trading. Regardless of whether you are in a winning position or have to take a STOP LOSS, emotions can wreak havoc in your trading strategy. Emotions can be a major contributing factor to you losing CONTROL and not maintaining your DISCIPLINE you have developed! Should you realize that you are having a ‘bad day’ or you keep taking STOPS on trades you enter, you may wish to step away from the markets for that day. Successful day trade management needs your utmost and undivided attention; when you are under stress for what ever reason, you will find that your emotions stand in the way of regaining your control. NEVER walk away from your computer with an OPEN POSITION, although this remains the day traders final decision.

Remember, at no time should a trader or day traders attempt to duplicate the calls made by our Expert Moderators in any Trading Room, as this is not possible. Each trader and day traders should focus on their own individual entries, exits, profits, losses and stops. Traders and day traders should not attempt to duplicate the performance of any other trader or day traders, period.

Members may add subscriptions or services by clicking on the Profile tab from your My Services page in the Members Area, after you Login.