Dekmar Trades Review
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Dekmar Trades is a well-known training platform for day traders. The resource was created in October 2015 by Sean Dekmar, a trader who started with only $2,000 and managed to turn this amount into a fortune. Dekmar quickly became an experienced trader and decided to focus on providing useful training assistance to traders around the world. In less than four years, his educational resources became very popular. Currently, this community includes more than 3,000 traders from twenty countries.
The Dekmartrades.com website offers education, training, and software to help traders improve their skills and knowledge. The website allows traders to interact between themselves, share new ideas, and apply their knowledge in practice using a day trading chat room. These community forums welcome those day traders who want to specialize in momentum trading, penny stocks, and other essential concepts. This online resource also offers a significant number of training videos and an opportunity to purchase stock market scanners.
The educational service includes a “how to” section on the use trading signals, asset listings, and newsletters in the everyday trading activity. Among other things, penny stocks can bring both gains and losses up to 30% at any moment. So, the assistance of an experienced tutor is extremely beneficial. Sean Dekmar is ready to share his experience of using technical analysis, advanced stock scanners, and elaborated trading strategies with the present audience. Dekmar has surrounded himself with enthusiastic traders and assists beginners through the chats.
This service is suitable for both beginners and skilled day traders who want to master the scalping strategy and swing trading. Dekmar Trades is also useful for anyone who has a passion for trading penny and micro-cap stocks. The founder of this online educational platform aims to make training effective so that participants can achieve excellent results in their business as soon as possible.
The founder of the educational site used intraday pulses and the scalping method for trading cheap stocks, which cost from $1 to $20 per unit. Sean offers to familiarize traders with particular scanners in his educational platform. He mainly focuses on low-priced stocks and their movements in price depending on the news, events, and profit reports, as well as due to different impulses. Sean Dekmar prefers fast transactions using stop losses. He quickly closes unprofitable positions. In this way, he formed the basis of his individual strategy.
Most of the setups preferred by Dekmar are based on breakouts, as well as corrections towards the further movement of the trend. Sean prefers models such as bull and bear flags, wedges, candle breakouts, and triangles (ascending figures are for a break-up, and descending ones are for a break down). Even though all this seems to be deceptively simple, Dekmar learned a way to find the exact time to enter and exit positions in order to maximize profits and minimize losses. Although trading in cheap stocks is risky enough, Dekmar tries to mitigate risks by restricting the time allocated to trades. Cheap stocks are embedded with volatility. However, when it comes to day trading, volatility becomes is the best friend of a trader.
He has developed a rule which does not leave positions for the next session. Sean’s strategy involves working with a minute chart, and a five-minute one is used to identify support and resistance levels, as well as short-term trends. Regarding the swing trading system, Dekmar uses cheaper stocks and 13 and 50-period moving averages to reduce risks by switching to higher time frames, which are primarily in the daily charts. Such positions are usually opened in the morning and can be closed the next day for getting more profit. Dekmar trades skilfully and gives approximately 3 to 1 signals for profitable trades.
Dekmar offers various types of informative content for subscribers. The founder of this resource gives priority to credible information, which is typically found in thorough analysis and logic.
The videos presented are devoted to a wide range of topics from setting up charts to trading during the periods of income statements or purchasing reports on the pre-market. Sean has the gift of explaining complicated things in simple words, and his voice is presentable and easily perceived. Dekmar is convinced that public companies are hiring traders to know exactly when it is high time to issue press releases.
So, traders need to delve into the fundamental analysis to find promising setups. The presence of a free trial in the form of three free streaming sessions reflects the truthfulness and integrity of this trading service. However, either coupons or promo codes are not available.
Five chats are found on the website. At first glance, the number of live chats seems excessive, but they are all useful and assist in segmenting the issues under consideration. Technically, all this is implemented as chat windows. For example, a trading chat is dedicated to setups, and a public chat is created for leaving comments. In the profit chat, users can share their success in trading. There is also a chat to discuss signals and broadcast scanners provided by Sean. Dekmar regularly gives comments about how his scanners work and how to interpret patterns. He also offers recommendations on signals. In the meantime, he can have individual conversations with participants in a separate window where he can be asked any question.
Other training services include individual mentorship, drafting of a trader’s profile, SMS alerts, and daily newsletters.
A monthly subscription to this resource costs $59.99. It is inexpensive considering the value of content, which includes newsletters, list of assets, setups on the chart, real-time scanners broadcast, timely comments, and different signals. Discounts are provided for those customers who sign up for two years. In this case, users will have to pay $324. The total cost of an annual subscription is $599 plus a T-shirt and a hat as a bonus.
For those who want to learn to trade independently, Dekmar is present on Trade Ideas, one of the most popular software platforms used for market scanning. Dekmar writes codes for his scanners, but he needs the Trade Ideas platform to present them more clearly. Here, the Pre-Market package with two scanners is offered for $399 with an opportunity to monitor stocks with both up and down gapers and to detect assets falling in price.
The Real-Time Trading package provides traders with scanners for stocks with their ups and downs, as well as breakout patterns, bullish flag, maximum daily impulse, 5-minute reversal, a sequence of candles, and a parabolic motion scanner. The Post Market package, which includes four scanners, costs $599. The other available packages are Live Trading Package and TradeCaster Live Trading Stream.
All packages can be purchased in bulk for $599, and the subscription to separate scanners can vary in cost from $111.75 to $449.25. For that, users must have a subscription on the Tradeideas.com website. This subscription fee on Trade Ideas ranges from $2.90 a day for a standard annual plan and $6.20 a day for a premium plan for a year.
Customer service is essential for Dekmar’s educational resource. Instead of the FAQ section, the service has a private chat room designed for customer’ feedback and complaints. However, any information regarding the payment terms and a money-back guarantee are not found on the website. Dekmar Trades also has accounts on Twitter, Facebook, LinkedIn, and YouTube.
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