TruetraderReviews of truetrader.net

Awesome, high percentage of wins!! I'm new to trading, it's takes work to learn the jargon and to "quickly" execute trades. The philosophy is great..make money while minimizing risk with smart trades and don't over trade. Their engagement is very genuine and real. You can easily recover your yearly/monthly fee with a few trades by joining the morning chat.

True Trader consists of educational videos on software, live webinars each day, chatroom support featuring pro and other new retail traders like yourself, and most importantly.. THE PROPRIETARY SCANNER. This- and this alone is worth your yearly subscription. Don't come in expecting free trade ideas. You have to form your own ideas and stops. Even if Dan or one of the other traders takes a trade. Guess what. You don't have to take it. IF you find yourself in a losing trade that one of the pros trade you should form your own stop loss and not complain if it doesn't go your way. They have their own ideas with their own strategies and capabilities of dealing with both winning and losing trades. Consider yourself lucky just to see what they are doing. Yes they are often not taking trades but that's because they arent chasing trades and only take them if it makes sense to them.. if you take a trade just bc they called it and you happen to be able to take it too- ask yourself "Do I know what this trade is all about? Have I been following this enough to know what this price point or price action means? Do I have a stop loss? Am I going to HONOR that stop loss and take small losses with grace? Do I have a profit target? Am I not going to be greedy and take my gain and not wait for a what if it goes higher?" Here's how I've been successful. Scalping longs from spiking stocks QUICKLY. And I mean quick. Don't wait for the home run. Hit a single and move on. Here's where I really succeed and where I have made my money back so many times- SHORTING junk stocks no news or news from days or weeks ago that are suddenly spiking into the scanner, peaking at prior highs or slightly higher with an RSI at least over 85 on the 5 minute chart. If it falls into one of the pivot points from the formula created by TT on an Ameritrade chart thats another bonus indicator. I almost don't even want to take longs anymore that's where I lose. It becomes an emotional trade for me watching that price go up. I'd rather watch it go up. And up. And up even further. And know its emotional af. And BOOM. Short. If you find yourself talking to yourself at the computer or staring at your profit in an active trade waiting for it to go higher, or more importantly a loss waiting for it to come back.. GET OUT. GET OUT NOW. Live to trade another day. The key is to form YOUR OWN trade ideas. I don't even really take Mods trades anymore they usually aren't for me.. I personally am having most success shorting small caps which isn't really the focus of the mods but there is a small caps trading room where terminator traders like Afghan from the future are calling sick trades alll day. I really don't even take his trades that often bc most of the time he is posting after it happened. Which is fine its still learning experience. But the key is to make sure each trade you take works for you. Review each of your trades and don't over trade. There are plenty of trade ideas in the scanner everyday but you will find that you should ignore most- that's how it suppose to be anyway. Trading Psychology. Entries. Exits. That is the triangle you must master, and before you can master that you must master your own demons. So before you come in here looking for free money, figure out your own strategy. You bought the scanner. Now figure out how to use it. The training videos, webinars, and chatrooms are just icing on the cake. Good luck.

I've been a member for almost 6 months, each day the TT team shows up and focuses on the proven strategy. I'm able to enter most trades given the speed of my trading platform and available shorts, my day trading win rate is above 82%. The swing trades are incredible, you have to have more patience but I'm at a 94% win rate. The key to my success is making sure I have my trading plan well thought out and stick to the TrueTrader strategy. Most days I'm done day trading by 11:00 AM EST and enjoy the rest of the day.

Superb training, without bias affiliation to any one trading platform. Unique focus that encompasses what other training traders ignore such as the physiological component. Excellent generous resources available at no additional cost to members for their personal trading growth and mentors who are accessible daily.

Decent POLITE and honest group of traders that give you training and share their moves without giving Advice. Great respectful environment in the chat rooms. I learned a ton and still have a ton more to learn. You lose money before you make money because you are learning but if you are Disciplined ( and THAT IS WAY EASIER SAID THAN DONE!!) you will get there and start seeing green days. but Like me you will struggle ( and don't think you won't) with your first few trades. You will stumble and lose money and It will not be their fault. Best of luck!!

I paid a full year subscription, after taking an online master class I felt ready to try and trade their system. I have over 10 years experience trading different system and this service was appealing with the high risk/reward promised return. Here is what I learned. Dan one of the pro traders and the one on all marketing info trades very amaturish and not following rules in his own master class, emotional entries, ignores pre-defined stop losses. Simple example with MHK tanking just a few days ago, multiple entries and no stops, decides to swing this, then comes back he wil hold it for a month a longer, he is confident it will go back up. We are talking about Daytrading service here!!!! I understand that I have not seen the trading room for longer than 2 weeks but my experience is very negative -no good trades over this period. Ok now customer service, when I requested a refund, the rep was really rude to me, acting like know it all kind of person, suggesting that I papertrade first.... basically looking for any excuse not to refund the money. Statement were very offensive to me and I did mention that I will write a negative review, that did not stop this rep. Nothing positive can be said about the people that work there. Trading room will only last about an hour per day and out of that hour we have had only 1 trade average per day??? They are promising more trades when the earning season begins, yet we had several earning yesterday and this morning, no one even looked at them in the trading room. I am shocked. A bunch of kids running the show. How did I get into this... The traiding concept is based on "catching a falling knife" ... which was not ever a part of youtube marketing that made me join. I regret about my decision. In response to the follow up comment to this review, I paid for the entire year of membership and I was offered 50% refund after being a member for just 2 weeks. The only reason that I even stuck so long was Dan promising each day that it will get better. I am sorry but 80% win rate that is advertised has not been witnessed by me as I heard pro traders saying at least 1 loss per day and if there is an average of 1-2 trades per day for the time I have been a member, you don't have to be a mathematician to understand the win/loss ratio. The reviewer of this review appears ten times nicer than the customer service rep I had to deal with. The review is written so people can make their own decision. I think if I were making this choice I would stay away from this company. I did not try to offend anyone at truetrader just my honest opinion. Sorry.

I switched over last month and never looked back... The strategy is very comprehensive and the resources are world class with excellent tutorials and every kind of support you need to up your game. Great team of professionals. Highly recommended....

I believe the system works for people with an account of $25K or more. In my case, I had a small account, and basically I didn't get any help at all. I was new to trading and the course they have is terrible. It doesn't really teach you anything at all. After going through the course in the first day, I knew this wasn't for me and asked to cancel it but I was charged $395 just to cancel it. I also tried to trade myself without any help by just reading the chat (totally my fault) and lost close to $2000. As I said, the program may be good for others but not for me. I don't think it is good for beginners either.