Today, we’re going to talk about Dan Parker’s online course, True Trader. Will you be able to learn from this? Find out in this True Trader review.
Stock investments and trading today has become a hot moneymaking activity, most especially among young adults. Though it’s been gradually superseded by cryptocurrency recently, many investors still prefer stocks because it’s more stable (though prone to volatility.)
The reason for its popularity as an investment is because, unlike a bank savings account, stock investments can yield higher returns. And the fact that you can start in as little as a single dollar, means it’s also more accessible.
Of course, just because you have enough money in your hands doesn’t mean you can just jump in and start. Stock trading requires thorough knowledge and the right strategy.
Because if you’re not careful, a single trading mistake may cost you all your money.
And this is why services like True Trader are here. It claims that, if you ever needed some investment guidance, then you should join the True Trader community.
But should you join True Trader? And how reliable is this community for financial advice?
Before you decide to spend any money on this, you should read this True Trader review first. So that you can determine if this is worth your time, money, and effort. Or not at all.
DISCLAIMER: This is a fully independent True Trader review. I’m not affiliated with True Trader, or True Trader, LLC, in any way or form whatsoever.
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What Is True Trader?
True Trader is an online course meant for people who want to make more profits in stock trading.
It isn’t really an actual online course by itself. Rather, it’s more like a trading community of sorts that you can enter once you signed up for it.
The idea here is that True Trader will teach you how you can take advantage of small changes in the stock market, and earn a fast profit by reselling them. This method is known as “scalping“, and is a common term in investments day trading.
Upon enrolling in the True Trader platform, the course aims to teach you these three things:
- Knowing exactly where to enter and exit.
- When and where to act.
- When to just sit and wait patiently.
It’s quite similar to other online educational materials like Weekly Blitz Alert and Sector Focus where the main focus is on stock investments. The only difference is that True Trader focuses on day trading, which is where “the action always happens”.
Again, let me emphasize that, while you can make some money by trading in the stock market, you still have to calculate your risk. Especially in day trading where everything is happening so fast that you may not have enough time to react.
Even with these systems at your disposal, there’s still no guarantee that you’ll even be making a profit with this. If you’re not careful, you may even lose all the money you invested.
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The Man Behind True Trader
Dan Parker is the frontman of True Trader. I only said “frontman” because he’s the man that you’ll always see or hear inside this course.
I tried to get a background check on Dan Parker himself. And it seems like he prefers having a low profile.
Aside from the official YouTube channel of True Trader, he doesn’t have any social media accounts at all. He doesn’t even have his own Facebook page, Instagram account, even LinkedIn.
We don’t even know how much his net worth is (VERY IMPORTANT to know for a finance guru). Thus, it’s very difficult to determine his trustworthiness.
But what’s really bothering here is that there’s also no way of knowing how much he earns using this system. The VERY same system that he’s teaching to users via True Trader.
Does that mean the guy’s a scammer? Not yet. But I won’t blame you if you suspect him as one right now.
True Trader: Inclusions
Signing up for a membership on True Trader entitles you to these benefits:
- A variety of online courses related to stocks and stocks trading.
- Access to a large members-only chatroom where you can talk with fellow traders and True Trader gurus, and even Dan Parker himself.
- Some additional tools including their proprietary stocks scanners, plus email and SMS alerts regarding stock market events
True Trader Chatroom
The True Trader chatroom is where you can talk to your fellow True Trader users, as well as some stock trading professionals. Here is where you can ask for any tips and strategies related to trading.
But the main event here is the live video session. Here, Dan Parker himself will show you how his own method of day trading, all in real-time.
He’ll also tell you here about his trading plan that can be executed 15 minutes before the market opens. While there are concerns if such a method is even possible, he seems to prove time and again that it is.
Here’s a sample video of one of the love videos of Dan Parker while he’s trading real-time.
To help you on how you can make a profit through day trading, the instructors here identify the so-called Key Inflection Points (KIPs) on the graph. Through these live videos, they’ll confirm their accuracy.
If you think all of this is hard to grasp at first, that’s because it is. Especially when you’re new to day trading.
Also, you have to keep in mind that this is still a chatroom. Therefore, things can get quite chaotic at times with all the people simultaneously chatting. However, with experience, you can learn which ones you can block first so you can focus on listening to at least a few people.
Aside from the live trading sessions, True Trader also has some online courses that you can watch to learn more about stocks and day trading.
Do take note that the courses assume that you already have some basic knowledge of trading itself. If you’re not, there’s also a webinar course here where they’ll give you a rundown of the basics of trading.
But what’s interesting about True Trader is that it also offers a “trading psychology” program for its members. This program teaches its students about the common psychology blocks that day traders usually experience, and how to overcome them.
And as you can see, day traders are very prone to letting their emotions dictate their choices. If they let these emotions overcome them, then there’s a big chance that they’ll make a bad trade and potentially lose a lot of money from it.
In addition to the courses, True Trader also has some short tutorials that cover specific aspects of the system.
There’s a tutorial on how to set up your trading charts (i.e. the “candlestick chart“), as well as tutorials on how to use the trading platforms used here (ThinkOrSwim, and Lightspeed).
To sign up for True Trader, you’ll have to pay a one-time payment of $295, plus $99 monthly.
The one-time payment is for lifetime access to the courses inside, while the monthly payment of $99 is for access to the chatroom.
As you can already tell, the course itself is rather expensive. And it doesn’t even take into account the amount of money that you’ll need to start day trading regularly.
Furthermore, while this course claims that this can make you a profit ranging from 2% to 5%, it still has no guarantee that you’ll even be able to get the money that you invested in this program.
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Things I Like About True Trader
What I liked most about True Trader is the chatroom and the live sessions.
While most online courses focus on teaching you about stock trading, there are some students who prefer a more hands-on approach to learning. These live trading sessions can give a lot of benefits to users, as they will see firsthand how they can apply the lessons they learned in a real-world scenario.
Not only that, these live trading sessions will not only let you learn, but also keep you motivated as well.
Finally, the trading strategy that they’re using here isn’t that risky. Since you’re going to focus on getting small but quick profits first, you won’t lose that much money during a loss.
Things I Don’t Like About True Trader
If you think this system, or even stock trading itself, is the answer for achieving your financial freedom, then you may want to take a slight step back.
Yes. You may only need a single dollar to start investing in stocks. But if you want to get into stock trading itself, then you’re going to need a lot more than that.
In fact, most people say that $20,000 or more is the minimum amount needed for this business venture. And due to the nature of the stock market itself, there’s no guarantee that you’ll be able to get back any money you invested in case of losses.
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Furthermore, the True Trader courses aren’t beginner-friendly at all. Even if they claim that they have a mini-webinar here that delves into the basics and terms used in stock trading, you still need to have some prior knowledge of trading before you can understand how this system works.
But the most unattractive thing about True Trader is that the man behind this system, Dan Parker, is very much low-profile.
Which is rather, especially for someone who bills himself as a financial guru. If a so-called financial guru has almost no social media presence, AND doesn’t even disclose his net worth and earnings from this system, then most people will find it difficult to trust this.
Is True Trader A Scam?
I don’t think True Trader is a scam, though. Reading through the feedback on various sources like those in TrustPilot, it’s apparent that several people who joined this community greatly benefited from this system.
However, there’s still a possibility that most of these positive comments are affiliated with True Trader. That they may be “paid” for doing so.
I’m not saying all positive comments there are paid. But there are some online courses that do that in order to give a positive image to would-be students.
True Trader Review: Final Thoughts
Before I close off this True Trader review, I would like to share a few more insights that could help you.
If you are attracted to the idea of stock trading as a side hustle to make money online, then True Trader might be a course that’s worth it for you.
But keep in mind the risks that are associated with day trading and the stock market itself.
While systems like this, and even others like Sector Focus, may help you reduce those risks, there’s still no guarantee that you’ll earn a lot of money here.
My suggestion is to just learn a bit about the stock market and start out small, to build your experience. Don’t rely on stock trading too much to make money, but rather just invest in a few, and if possible, hold it for a long time (until the situation calls for it to be sold).
If you want my advice, there’s still a better way to make money online out there. And most of the time, it only involves little monetary capital, and some knowledge.
If you want to find out more about it, keep on reading beyond this True Trader review.
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