TrueTrader.net 2021 Review • Pros, Cons & More • Benzinga

Learn more about day trading with TrueTrader.net

Learning to trade is a bit like learning to ride a bicycle. You might hear a story here and there about someone who just jumped on them and started rolling, but most of us need training wheels, practice, and someone’s help. ‘one who knows what he’s doing. Trying to learn on your own is a good way to scrape your knees, or lose money, if you are day trading.

TrueTrader.net is a stock and options trading community that gives traders the training wheels and support they need to be successful. With a 24/7 chat room, a host of lessons and webinars, and personalized support from 6 different professional traders, TrueTrader.net has the tools to help newbies start their day trading careers.

The TrueTrader.net system claims a 70% success rate and publishes its results daily for transparency purposes. Skeptics can follow the exchanges offered by the team and calculate the returns themselves.

One of the biggest advantages of TrueTrader.net is transparency: no deleted chat logs and all transactions documented and published. The public chat room also has an entire channel dedicated to the successes of current and past clients.

The chat room is open 24/7, so you can always ask questions and get answers from other users online. Professional TrueTrader.net day traders won’t always be online, but you can usually find someone willing to chat at any time of the day.

In addition to the chat room, TrueTrader.net has a chat bot to connect with a live person Monday through Friday 8 a.m. to 5 p.m. EST. Live support isn’t available after hours, but you can still ask the bot questions and receive automated responses. You can also contact the old fashioned way via email at [email protected]

Having a chat room is a big bonus for customer service since you will receive answers to your questions much faster than emailing, calling or submitting a help ticket. The chat room has many different channels where users can request help with specific issues.

Many stock picking services charge exorbitant fees for the expertise they offer. The truth is often that these subscription fees are the main source of revenue for these services, and the business gains are poor or undocumented.

TrueTrader.net’s prices are much lower than many competitors despite documented trading success. While these prices can still put many low-level traders off, you can still access the chat room and trading tools for a month to test things out. TrueTrader.net has 2 different access levels: monthly or yearly access.

Access to the month

To test the service on a monthly basis, you will pay $ 295 up front to access the educational library at TrueTrader.net. (This access is valid for a full year.) Then, access to the live community is $ 99 per month. This monthly access includes stock scanners, chat room, daily live broadcast, SMS alerts, and morning reports. You will get the first free month to test the service before you deposit any hard-earned money. Additional features such as ‘The Goose is Loose’ private chat room (run by a former market maker) and mentoring programs can be added for an additional fee.

Clients who aren’t looking for daily trading tips and the full chat service can still access all course content for a full year for just $ 295. This includes the 6 courses, such as the master class in strategy, the basics of risk management and the introduction to options.

Annual access

If you don’t want to go the month path, you can lock in a year of service for $ 1,195. This guarantees 12 months of access to all course content, stock scanners, chat, live streaming, and morning reports.

Each trading day, the TrueTrader.net chat room begins with a live trading session with 2 of its 6 professional traders. It starts with a daily morning report showing the long and short levels of potential stocks to trade.

The chat room has custom trading tools built right into the app, making it easy for clients to act on the information provided by experts (or other traders). Business alerts can also be sent via SMS for customers who can follow the chat throughout the day.

Other user benefits include access to the powerful range of scanners, such as:

  • Pre-market gap scanner: this tool lists the actions that deviate from the previous day’s closing. The results can be sorted by percentage and dollars.
  • Intraday peak scanner: A powerful processing scanner that can handle over 7,000 actions per second during searches.
  • Intraday Pivot Scanner: If you are looking for stocks approaching support or resistance areas, this scanner will spot them instantly so you have time to execute your ideal trade. When properly configured, this scanner provides actions tailored to TrueTrader’s reversal strategy.
  • Scanner Scan: Detects stocks that have fallen sharply with a high IO. Users can configure short or longer searches in this scanner.
  • Small cap scanner: Narrows your stock list specifically to small cap stocks approaching support and resistance areas.

All stock scanners are fully customizable based on price, market cap, support and resistance levels, and other trading factors. No downloads are required to use the scanners. You can use them directly from the TrueTrader.net application.

TrueTrader.net users also have access to a supportive community filled with traders looking to learn and hone their trade. The staff at TrueTrader.net includes 6 different professionals with different levels of experience in different markets and 20 chat room moderators.

  • TAG (“TrueTrader Accelerator Groups”): TrueTrader’s chat room also supports small teams called “TAGs” (TrueTrader Accelerator Group). Small groups of 6-10 members are assigned their own private space in the chat and can instantly access voice and screen sharing between them. Teams are created based on individual goals, time zones, and engagement. TAGs often exchange voices as a team every morning and assign homework to accelerate their career paths.

The culture that TrueTrader.net wants to build is evident from your first day on the platform. The chat room is helpful and enthusiastic without the negative undertones you find just about anywhere else online.

The scanning tools are easy to use and do not require any specific software or downloads. The designs are intuitive and there is very little learning curve at the start. No matter what your trading style is, you may find a scanner useful for coming up with ideas. Many similar services charge thousands of dollars to access these tools, but TrueTrader.net offers them all for just $ 99 per month.

New traders have a plethora of educational courses and seminars to help them hone their skills and hone their techniques. In addition to the 6 different courses, webinars and tutorials are updated daily to provide the latest news and market conditions. Users also have an extensive library of how-to guides, FAQs, and blog posts to read on their favorite trading topics.

TrueTrader.net against competitors




Best for

Aspiring day traders

One of the biggest issues with trading chat rooms is transparency. Many of the stock market gurus who run these sites make questionable claims about their background and are selective when showing results.

This is not the case with TrueTrader.net. The first link on the site menu is titled Results, which details a full transaction log that all users can see. Chat logs are never deleted. Anything that comes from a TrueTrader.net professional remains recorded for everyone to see.

TrueTrader.net also offers great value with 12 months of full access to the chat room, scanners and educational materials for less than $ 1,300 per year. While it can still be expensive for some new merchants, this price is much lower than many competing services.

TrueTrader.net offers many trading tools, discussion channels, and educational services. But the most important offer is its transparency. TrueTrader.net is upfront about what it offers: course content, scanners, support from a variety of experts, and a supportive community that continues to grow.

Day trading isn’t for everyone, so make sure you have the right mindset and temperament for the effort. TrueTrader.net does not promise 100% success rate or easy money overnight. You’ll learn quickly and chat with some of the sharpest minds in the business, but still have to do the legwork and learn the ins and outs of the market.

TrueTrader.net can provide a valuable service to those looking to start a day trading career, but you won’t find much use for chat rooms and daily analysis if you want to “set it and forget it” types. of investments.

TrueTrader.net tutorial

Frequently Asked Questions

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Is True Trader Legit?

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Dan Schmidt

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TrueTrader.net is a stock selection service formed by 6 professional traders. The chat room, stock scanners and teaching materials all came from this expertise. TrueTrader.net is a legitimate service with a solid track record, but the offers are intended only for the day trading community.

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Benzinga

What is the True Trader Strategy?

1

What is the True Trader Strategy?

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Dan Schmidt

1

TrueTrader.net is for day traders looking for last minute ideas on potential trades. The TrueTrader.net reversal strategy has a 70% success rate according to the founders of the service, although past performance does not guarantee future success.

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Benzinga

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