Today, I’m going to talk about True Trader, a brand-new trading community.
Dan Parker is the most prominent user of this new platform.
As a member of this system, you have the opportunity to observe him trade live each morning when the markets open.
I think that those grinding at their 9 to 5 jobs are the ones who may even be the most thrilled about this program. For most people, becoming proficient in a skill that allows you to be your own boss and earn money on your own schedule seems like a dream.
Is True Trader truly the program that will enable you to reach your goals?
While there are some great parts about Dan Parker’s program, there are also some red flags with this particular business model that nobody considering day trading must ignore.
If you’re like most of my readers, you came across True Traders for one main reason:
You want to make more money than you currently make by leveraging your existing resources.
Maybe you’re even looking for a quick turnaround on some of your cash instead of waiting years or even decades for it to double.
Well, you’re in good company – who wouldn’t want all of that?
There’s one thing you need to watch out for though: legitimate scammers.
The idea of making 10X on your money in a day is obviously something that would entice the masses, and so it naturally attracts a lot of bad actors into the financial products space.
But for purposes of this review, let’s assume these people had the best of intentions.
Even with the most sophisticated systems out there, most experts barely manage to get it right 10% of the time…
Obviously, there’s an argument to be made that 1 winning bet can outshine 10 losing ones…
But if you mess up and miss a trade even one time, your month can turn sour pretty quickly.
Suffice to say, there’s a whole lot of stress & uncertainty.
Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into.
But what if you could build a different income stream, and start seeing profits within your first few days?
I’m talking about a system that doesn’t require:
- Obsessively checking your phone and charts
- The emotional turmoil of loss after loss, waiting for that win
- Glorified gambling
Something that you could make anywhere from $2,000 – $10,000 with consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it, without spending every waking hour watching for alerts and pouring over charts?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what True Trader looks like on the inside, keep reading.
Who Is Dan Parker Of TrueTrader.net?
I don’t know much about Dan Parker personally, but from what I’ve heard, he’s almost like a ghost.
I’ve searched everywhere and dug up every scrap of information I could about the guy, but I’ve found nothing.
To be completely honest, I’m quite impressed with how this person manages to avoid identification the way he does.
You’d think he would at least have a following on Facebook, Twitter, or Instagram, but nothing!
The guy is quite literally a ghost!
It truly astounds me that this guy can be such a leader in the stock trading community but leave no paper trail.
So with all that said… let’s take a look at what True Trader is all about.
Truetrader.net Review: How Does True Trader Work?
True Trader is a one-day alert service for trading. They offer some of the fastest trade signals I’ve ever seen.
Scalping tactics like this are hard to replicate.
Before the stock market opens, Dan provides members with an education in options trading. This includes the stocks he observes and what will initiate a trade.
The early morning live stream, on which he runs options trading education, is thrilling and fast-paced. While this particular form of live-streaming trading is unique and enjoyable, I’m uncertain just how great it is for the members. If this type of trading interests you, watching an expert do it might be a beneficial and confidence-building options trading education.
The stocks which Dan Parker looks at have a pattern. A store usually would make a great action, possibly up and down in cost at the open stock market.
Dan’s strategy is to enter the inventory and promote it once the cost is posted within a few minutes.
This works whenever the stock price drops, bounces back up, or even spikes, and then drops back down. It’s not a terrible trading strategy, but if you’re not fast enough to emulate him, you’ll get used to it since you’re trading against the current price direction.
Nevertheless, you will find several benefits to this particular form of stock trading.
- You obtain a great risk/reward ratio since you enter trades on short-term intense price movements. This means that you usually get an inventory at an unjustified small price tag.
- It appears that TrueTrader’s winning trades are far larger compared to their losers. They have a high win rate and few risk factors.
- Limited exposure to the market works nicely in the present volatile world. You’re not at the mercy of a few mad world events within the same trading strategy swing traders are.
You can replicate this trading strategy and follow along if you can concentrate on the options trading education for the hour after the marketplace opens. Generally, all trades are performed between 9:30 am to 10:30 am (EST).
True Trader claims you can ‘piggyback’ on the trades though they encourage you to discover the right way to find your trades and be self-sufficient. Copying the trades from real-time trade alerts looks like it will be extremely complicated to me since they’re exceptionally fast real-time trade alerts or options trade alerts.
What’s Inside The TrueTrader.Net Subscription?
You do appear to get some good value for your money. Let’s take a look at some of the program’s features that I believe are beneficial:
- They show you Dan’s trading procedure so you can exchange without him. This is the key to much longer-term stock trading results.
- Dan appears to be highly persevering & diligent concerning his pre-market analysis. He shows you exactly how to enable the trade to come to you and just how to remain disciplined. You receive an options trading profits program 15 minutes before the market opens, including small things such as buy/sell zones of certain stocks on watch. Options trading profits technical signs appear to be very easy (which is great!) and often concentrate on support/resistance levels.
- Apparently, you can also privately chat with him about living trading sessions! If this is true, it’s unique in my experience with live trading chatrooms.
- Trading alongside knowledge can assist in providing you with the self-confidence to enter trades. New traders typically lack self-confidence in their ideas and fail to take action for fear of losing money and considering all risk factors.
- There’s likewise an end-of-day video session that displays what went well and what failed. This is generally a great thing to have in an inventory alerts program in options trade alerts.
- Many options trading profits alerts and trades during the day. Does it seem like they have a great success rate of 70%? 80% wins. You get to find out all the trades live, so there’s little doubt they’re real trades being carried out.
They have numerous scanners which exist for members to view. The options trading profits scanners demonstrate the highest gainers/losers, or maybe you could acquire the spike through several broker platforms or maybe trade ideas.
Nevertheless, their pivots scanner is a lot more complex.
I don’t believe you can locate this particular pivot scanner for totally free.
Can You Make Money With True Trader? -Why Don’t They Show Profit/Loss?
They claim that there is a reason why they don’t show their actual P/L screen.
Technically speaking, while copying a trader, you must visualize the amount invested, the actual P/L, and the value of the text in your portfolio. This figure displays the original level at which the message was purchased and some additional funding they eventually invested in the news.
At first, they say it doesn’t help the members become better traders. They are worried about the percentage gain because of this.
Anyone will make a lot if they go in with huge capital. A scaled-down place size will mean you create less. And so, who is concerned?
Next, there’s a time when Dan essentially confirmed his order display screen and also P/L. Let me say he’s bidding on stock at $1.5, so the stock sets to $1.55 and subsequently bounces back. He declared subscribers would discover what cost he was bidding, then place the orders of theirs a bit greater, and he would not get filled.
You can certainly make money with stocks, but if you’re gonna put in the amount of grueling work to become a broker (which, trust me, isn’t easy), you might as well bring in some REAL money.
Dan Parker Truetrader Review: Cost
True Trader doesn’t come cheap. The current price is $395 per month, making it one of the most expensive solutions.
Nonetheless, their annual pricing is relatively low, at only $99 per month. I find it odd because it’s only 25% of the monthly cost.
I know great deals for annual memberships, though it can make me wonder if the reason behind such a total discount yearly is that they’ve discovered that no one remains for over monthly or perhaps two. An annual subscription may make them a lot more money.
Naturally, which may be nonsense, and I want to offer worth for committed members!
But at this point, I’m sure you realize there are much better programs out there that can help you make A LOT more money.
Dan Parker Truetrader Reviews: Reviews & Testimonials
You will find a lot of good recommendations and reviews for True Trader on their website and YouTube Channel. Allow me to share several of them:
“I’ve been a member of your service for approximately five or maybe six months now, and I like it! Your amounts are bang on & I’m continually profitable with them.” – Elliot
“I signed up as a member last week, as well as wow, loving the program. The very best aspect of it is stopped me over trading in the chop.” – Bryden
“Out of the huge trading selection devices I’ve tried, yours has jumped on the top portion of my list. Your levels are almost perfect.” -Winfried
“After sitting and watching the live stream for the final week, I wish to say WOW, I’m blown away. I feel that I’ve come home, this is exactly where I must be, and I could realize that to follow you’ll help me grow as a trader.” – Rick
“There’s no question. Also, you might quote me, and your services pay for themselves quickly.” – Chase
“During the six weeks I have had your service, I have tried approximately ten others for different trading methods, and yours would be the one I have kept the entire time.” – John
“I joined TT nine months before, and since that point, I’ve had thirty-one winning weeks and just four losing ones, without one losing month. I’m usually lucrative four of five times each week. I’ve improved my trading size by 15 % each lucrative month, and I’ve had a few days just where I created much more in one day than I had taken home inside a month doing work for the San Francisco Zoo. I realize it’s about the system and never a great deal about the cash, but it’s good to be earning profits when you’ve bills to pay. I state without having a doubt that had I not discovered truetrader.net, I wouldn’t be trading today.” – Emry
“I have been with you men for the final four weeks or so and have already been doing unbelievably well. To be truthful, I was a bit concerned with the engine oil drop plus covid19 impacting the marketplace and creating an enormous spike in volatility. Well, one month into the chaos, plus you guys continue to be killing it as nothing happened. A world-class group of traders here.” – Armin
Is Dan Parker True Trader Legitimate?
The true trader is legitimate.
True Trader looks like a legit stock alert and training program. I love observing the recordings of the live trading sessions, and I believe new trades might have a great deal.
And even if you’re dead set on becoming a broker, you’ve got way better options than True Trader.
Keep in mind, I don’t get paid to promote any of the programs I review. I personally think stocks are a great business model, but you could end up leaving way too much money on the table.
Dan Parker True Trader Review: Conclusion
True Trader looks like a legit stock alert and training program. I enjoy observing the recordings of the live trading sessions, and I believe new trades might have a great deal.
Are There Alternatives To True Trader By Dan Parker?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
Is True Trader By Dan Parker A Scam?
Alright, time for the $1,000,000 question: is True Trader a scam?
No, not technically. You can 100% make money with it, but it’s not NEARLY as simple as Dan Parker wants you to think it is.
You need to understand that you are taking a very big risk with financial products.
So while it’s entirely possible that you hit the big leagues and retire to a vineyard… the path to get there is so stressful, it might just shave a decade off your life… IF you even get there.
A friend of mine actually writes advertisements for one of the largest financial program advertisers in the world… so believe me when I say that most of the “awesome” numbers they use in their ads & landing pages are borderline false.
What they conveniently leave out are the dozens of losing bets and trades that came before the big win you’re reading about.
Now, most people don’t have the emotional bandwidth to stick out 3 months of back-to-back losses before (hopefully) getting a big win.
I’d rather use that 3 months of work (in my spare time) building Digital Rental Properties, and then collect a handful of nice little $500-$2,000 checks every single month afterward (AKA passive income).
And the cool part is that you can do it in a lot less time than 3-months (I personally did it in my first 2 weeks of being a Digital Landlord).
You can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is a laptop and an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2022?
I’ve personally tried all of the major online business models:
- I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
1)Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macroeconomic trends.
The number of people that have ACTUALLY beat the market consistently can be counted on one hand.
Why pour your soul into a business that you realistically have zero control over?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.
4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other programs like True Trader, which might make you money if you luck out.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.