Can you make a consistent income day trading penny stocks? Maybe.
Since our original review of Dekmar Trades on April 5, 2017, we can report that Sean Dekmar is still a net profitable day trader. And user feedback has generally been positive.
Penny stock day trading is extremely difficult. Nearly everyone will lose. But Sean Dekmar continues to grind higher. And truth be told, TradingSchools.Org did not have much confidence that he would continue to generate a positive return. After observing Sean Dekmar for these past 6 months, I am actually impressed and a little bit jealous that he is doing what I could never do. Make a nickel at day trading penny stocks.
Included in this updated review is a breakdown of affiliate income that TradingSchools.Org has received from our promotion of Dekmar Trades.
Thanks for reading today’s update of Dekmar Trades
On April 5th, 2017, TradingSchools.Org posted a highly positive review of Sean Dekmar of Dekmar Trades.
You can read the original review by following this link: Dekmar Trades Review
Today, I want to go over a few things:
- The income that TradingSchools.Org has received from our affiliate relationship with Sean Dekmar at Dekmar Trades.
- Both positive and negative user feedback. Please note that none of this information has been shared with Sean Dekmar until now.
- Most recent performance summary.
Before I jump into this, I want the audience to know that I took a huge leap of faith by writing a positive review for Sean Dekmar. He is a penny stock day trader. Which as far as I am concerned is a rigged game. The spreads are wide and dangerous, the price is easily manipulated, and the listed companies are often of a highly dubious nature.
To make matters worse, Sean Dekmar is trading with a TD Ameritrade account, which sells the execution order flow of these penny stocks to whoever is willing to pay the highest rebate. Truly a stacked deck against the average day trader.
Yet, Sean sent me daily account statements that revealed he could actually earn a consistent profit.
With this in mind, I wrote a positive review. I hoped for the best. But truthfully, I expected the worst. So let’s jump into this…
Since June 2, 2017, TradingSchools.Org has been paid $1,366 in affiliate income for the promotion of Dekmar Trades.
Some folks are probably already poo-pooing the idea of the affiliate relationship. However, running this stupid blog has been a major time suck. If you think I am driving an orange Lamborghini with bikini models, you need to get your head examined by a licensed health care professional.
Trust me when I tell you…the business of uncovering frauds, fakes, and phonies is not nearly as profitable as being a fraud, fake, or phony.
The affiliate income ‘is what it is’. Unless readers want to flip TradingSchools.Org into a subscription based model, then having these relationships is the only way to keep the lights on.
Now that we got that out of the way, let’s jump into user feedback.
Positive and Negative User Feedback
Until now, none of this has been shared with Sean Dekmar.
Let’s start with the negative feedback:
The biggest problem that I am hearing about is the ‘alerts box’. What is that? Sean is making live calls, and some of these trades are not fillable for the average user. For instance, he will call an entry for a penny stock with a wide spread, and he will magically get the best price fill. Both on the entry and the exit. This is a big red flag. In fact, I have been highly critical of nearly all stock trading educators for committing this exact same foul.
Through a little bit of magic, I later discovered that Sean was not actually taking every single trade that he was calling through the alerts box. In my opinion, users were hungry for action. They had paid a fee to be served juicy trades, each and every day, and so Sean started ‘Carnival barking’ to provide ‘entertainment’. Not good.
The hard and simple truth is that day trading is not a reality TV show. Where everything is scripted and users can expect to be entertained daily. Sometimes doing nothing is actually the very best thing you can do. But when you have paying subscribers expecting to be entertained, then I can understand the temptation to toss out marginal trading signals.
So Sean, when you read this…if you are not willing to take the trade. Then don’t make the call. It’s better to lose subscribers than losing your reputation.
The next most common complaint is that Sean pushes the Trade-Ideas affiliate program pretty hard. Personally, I don’t have a problem with that. Trade-Ideas is an excellent stock scanner. If Sean can pick up a few bucks by promoting what he personally uses, then that’s OK with me.
Let’s now talk about positive user feedback:
TradingSchools.Org received two emails from users that offered the same positive feedback. Both persons essentially wrote the same thing. That they quickly learned that speed and decisiveness were the key to ‘turning the corner’. Especially when taking a loss.
Penny stocks can move extremely fast. One moment, you can have a big winner. Only a few minutes later, the profit is now a loss. Being able to overcome the emotional urge to “hold on for just a minute longer” was the key to having a profitable month.
Users explained that Sean is good about taking losses. He doesn’t waffle and waylay. He is quick and ugly about cutting the cord.
Another bit of positive feedback is Sean’s dedication to the craft. Users explained that “this guy never leaves the market. Is completely obsessed-24/7.”
Recent Performance Summary
On our last review, which we published on April 2017, things were looking pretty good.
For the past four months…
- April +$2000
- May -$3000
- June +$400
- July +10,000
For the month of July, I have included the brokerage statement. This should give you an idea of the frenetic nature of day trading with Sean Dekmar.
Wrapping Things Up
Obviously, Sean had a really good July. Hopefully, he can keep up the positive momentum. We will check back in another few months. And continue to provide updated performance summaries.
In my opinion, the big story is the total amount of commissions paid by Sean Dekmar.
Its pretty nutty that he still trading with TD Ameritrade. In fact, I would hope that Sean would consider getting his prop traders license and opening an account with T3 Trading. This would probably be the best place for him. This would cut his costs from $1k per month in brokerage commissions to about $200 per month. A big difference.
Thanks for reading. Would love to read your comments below. And if you have subscribed to Dekmar Trades, would appreciate if you can anonymously leave a comment about what you like or do not like.
If dekmar is so bad then who do us novice traders learn from. It seems all i hear is negative comments about every trader i click on. Not one of you is offering a solution only complaints. Can anyone answer my question please.
I think the most honest trader out there is “ EAT, SLEEP, PROFIT. You can actually pick up the phone and talk to Jay. One on one training for about $150 and he actually trades full time. Everyone else is garbage
Worst trader ever. Im now a 100% more profitable now 6 months out of this room waste of time. I have tripled my account on my own. He does understand the core trading strategies and trader phycology and puts his followers accounts at risk by selling early. Cost me over 6k and refuses to refund me the remainder of my 6 month trial when I wanted a refund. Stay clear.
sean dekmar is the worse trader out there, he never trades and pumps up his chat room
WHERE IS THE SOUND COMING FROM ON THIS PAGE!
Can confirm, He is making a shit ton of money…but not on trades. He refuses to post monthly redacted broker statements…and shows fake statements as well. – an ex student who lost a lot of money with his “alerts”
Actually, I was preparing an update with real brokerage statements. Its looking pretty good to me. Unless I am missing something?
Would really appreciate your input.
Yes we are all dying to see the real brokerage statements from the past two years.
“Holly, The Only True AI Engine for Traders and Investors….”
I’m new to this trading environment and I want to be successful, but I also understand that 90% of people fail and lose money. 90%!!! So I’m assuming that the people in here that are taking the time to post negative comments are part of those losers. Maybe you should be reading charts and putting in the time to be successful. I have a subscription to DekmarTrading and the guy is pure positivity, which I like because it pumps me up too.
Since I’ve been in his chat room, watched all of his video library recaps and lessons, I am gradually getting a clear understanding on how to be profitable with my paper accounts (and I blew up a bunch too). I believe the biggest mistake people are making is trying to do exactly what Dekmar is doing by riding his coattails. And he clearly has emphasized this in his chats. This is probably mistake #1.
Mistake #2 is often going to be not getting your profits when you should.
Mistake #3 Not having a plan
Mistake #4 Doesn’t know how to properly enter and exit a setup
Mistake #5 Over trading
Mistake #6 etc… etc… etc…
With that being said, I have also watched 100’s of youtube videos, Tim Sykes, Warrior Trading, read as much as I could on Investopedia, and paper trade everyday to make sure I have a clear understanding on exactly what I need to do to be profitable.
I often hear Sean in the chat room say, “This looks good, but I am not 100% in on it, it doesn’t have the right set up for me” Then I will see people posting their own profits in the profits alert section. Which tells me people are profiting from taking these alerts, which may be too risky for Sean himself. He is just a 24 year old making a brand for himself. Today I watched his give away 3 T-shirts, 1 month free subscription, and $100… Who does that? He doesn’t “NEED” to give anything away, but he does.
I’ve learned a lot from Sean and everyone on the internet, but I can’t blame them for me not being successful as the cards are stacked against me from the beginning and that was something I knew and was willing to take. I’m still going to paper trade for another few months until I’m sure I learned everything I need to so I don’t lose my hard earned money. I’m investing in me and Sean is just 1 tool I’ll use. I hope some people find this post positive and understand that Sean isn’t the answer on how to be successful nor is he the golden goose. He is just a normal guy who made it and wants to spread positive energy.
Lmao, truth will hit you hard
You really need to actually trade real-time with real money before posting this. I traded a paper account for 3 months then went live… LMAO let me just say… HOLY SMACKDOWN BATMAN! Especially low-float high spread stocks…
You are in for a real eye-opener my friend… best of luck to you, might I suggest you start practicing the phrase “would you like fries with that?”
Dekmars site is boo boo, you actually lose money
I was tasked with getting into Dekmar Trades and doing an honest review. This is what I found:
Dekmar trades is honestly a disaster. Sean does not know how to read a chart correctly. He does not know how shorts effect price movement(squeezes), he constantly had major lines of support and resistance wrong, he doesn’t understand the concept of a chart being extended, and he does not utilize different time frames AT ALL. He also trades with NO risk. Most traders buy off of a support level to minimize risk, but Sean does not understand this concept. When he trades, he just sets a 10-15 cent risk, regardless of the lines of support or resistance. I am absolutely AMAZED that this trader makes upwards of 70,000 dollars a month, and has over 1,000 ‘followers’, when he does not know how to correctly read a chart. Sean has one style.. he buys low float breakouts. (with no set risk) Point blank. He does not know how to trade anything else. Sean also trades behind the scenes QUITE FREQUENTLY, meaning he will make trades without alerting it to the room. This is due to lack of confidence in my honest opinion. Now, he has been successful with this low float breakout strategy, and continues to be, but if you are looking for a knowledgeable trader that will mentor you with solid trading strategies, THIS IS NOT YOUR GUY. Sean has done an outstanding job at ‘building his brand’ and he attracts novice traders by posting sizeable wins (never losses), I highly suggest trying the 2 week trial before committing to this chatroom.
Dekmars site is boo boo. Dont do it its not worth it
I am in Sean’s chat room and the comment about never posting losses is completely false. With every trade he does show his profit and loss. Last Friday when he alerted DCIX and when the trade was over he called out and showed us that he lost $286 on the trade. Also the comment about “He does not know how shorts effect price movement(squeezes), he constantly had major lines of support and resistance wrong, he doesn’t understand the concept of a chart being extended, and he does not utilize different time frames AT ALL” is also False. 20 minutes before the market opens Sean goes over all this information on the trades we will be looking to take.
That is all fine and dandy Jim but I am at a point with all these hucksters that IF you are in a room and following (learning ) from the Guru and come here to this forum to support defend whatever, then my question is…. can YOU Jim show us profitable monthly redacted broker statements from all the wonderful stock calls??? Just show us that it is possible to consistently for no less than 90 days be green on a monthly basis while taking Sean’s calls
I mean we all know that the Gurus are making bank and are mega millionaires but can the subs do it to is the question.
Can the student replicate what the Master is teaching and be consistent not some lucky 3 day streak.
Maybe I’m missing something here as I’m new to all this trading business, so I hope you can correct me if I’m wrong, but something doesn’t seem
to add up though it may be legit.
I was looking through the performance summaries and comparing the data with Market watch where you can look at the data of stock on a given day.
So I checked the CLSN shares on the 5th of July this year which in the summaries were bought for 2.05, 2.25, 2.26 among other prices but according to Market watch CLSN
opened for $2.63 that day and it’s lowest point was at $2.36 so how could Dek have bought them for those prices?
Premarket buys probably
whoa… hold the phone
If he’s buying pre-market then correct me if I’m wrong (still learning about level II). If he places an order for oh say 500 shares on the ask and there are 500 shares available for that price then wouldn’t the stock immediately rise to a higher ask price?
would this not pump the price of the stock upwards?
so he buys the 2.05, 2.25, 2.26 at ask size the stock opens at 2.63 (presumably the next highest ask?) when the market opens it’s a gapper and you get the bid to shore up and others to jump in when he alerts the room… then calls a position for higher less shares or doesn’t tell them his share size (maybe it’s 50 shares and it gets averaged into his profit/loss) then sells his much larger position, posts it as an average of the price or does some other slippery reporting slight of hand?
Not sure if i fully understand the mechanics but isn’t this a possibility?
As a subscriber to Dekmar Trades I find this review to be inaccurate. Sean only alerts plays that he would jump into himself. He always states an entry and exit. Any play alerted is credible as to why it is moving, generally press release or chart pattern. He uses etrade. Always shows his p/l after every trade. Also the stock we play are high volume based off their 3 month averages so all this talk about wide spreads is inaccurate. I’m in chat m-f and see this all first hand. Trust me I was skeptical at first also but he’s just a genuine guy trying to help others profit. Maybe join the chat room before posting anymore reviews.
I watch this guy pimping SW and I get so angry that I have a challenge for you Emmett. And there is no excuse not to step up to the plate and take it as you do not even have to call or email Sean. And I will break it down to simple steps:
1) Rehire that poor sweet Filipino girl,
2) Setup a live trading account for her to trade,
3) Have her sign up for Dekmar’s TR and
4) Have her make 2 different trades:
a. Trade based on his Trade Alerts (which we
know he does not even trade) and
b. Trades based on her best interpretation of
his trade calls.
It is that simple and keep it going and update the results on a regular basis. I mean if Dekmar is real as you claim then it is a win win for everyone:
1) The sweet and kind Filipino girl once again has a job and can eat meat,
2) You will be making money from Sean’s Brilliant Trade Calls and
3) Dekmar gets all the free advertising on how a 3rd party duplicated his self-proclaimed results.
What possible reason not to do this? I mean it is not like he is a con artist and the Filipino will blow the account and you will, “LOSE THE VIG”!
I agree with what you say here, but again, it would appear that the SW pimp is Dean Jenkins of followmetrades.com. not Sean Dekmar. It seems pretty certain that they are not the same, no?
Oh Yea this guy is real as he now pimps software:
It seems that you have the wrong affiliate, no? Unless of course Dekmar and Dean Jenkins are the same. The page you reference directly says, (see picture).
Darn, you are right as usually, I got these 2 mixed up sometimes as Emmett gave both a good review. Maybe Emmett can move it to that page instead.
But my challenge for this room stays in this thread.
This dekmar guy rave rave reviews but I learnt in past that it is best if we can see student reviews that have been verified as well.
Indeed as student’s proof of success eliminates the pump and dump scammers. But in this case I have yet to see verified proof by the vendor. He has produced something, yet I know 100% sure they are not TD Ameritrade Brokerage statements as Emmett stated. So what the HELL are they?? That is the Q!
Oops, its an eTrade account. But just as expensive as TD Ameritrade.
You know what I think is really interesting is the Robinhood App. Its a phone based application with free stock trades.
The problem with the “RobinHood” app’ is that you do not get ‘filled’ immediately unless you do market orders, which seem to fluctuate a bit behind in the execution page (compared even to their own charting) and there are no ‘hot keys’ to submit orders immediately. For these reasons, I was considering transferring my trading funds to another online brokerage platform (such as TC2000 or ‘SpeedTrader’, ‘LightSpeed Trader’ or ‘Interactive Brokers’.
I don’t know, the old saying there is no free lunch just pops into my head. How great of execution is a free service going to be for market orders. IMHO when it comes to services like this, nothing is so expensive as when it is free.
forget about tc2000 the others are fine.
I don’t have an eTrade account. Can anyone with an eTrade account produce a Realized Gain Report in eTrade and show if it even looks like the “Brokerage Statement” being show. And if they don’t he better not come back and say oh they are now from, “Broker X”!
To me these look like the output of a Platform, similar to Ninja, not from a broker’s account. And worst they look the exact same as another con artist TR operator that does Penny Stock trading. I think all these Penny Stock traders come from Tim’s teaching. He used the same Snippet tool and I know they were sim as he would risk a 1R loss of $1,000 and when he showed the loss and it was exactly $1,000 every time, which is nearly impossible with Penny Stocks bid and ask and slippage.
Hey, maybe Dekmar is real in the current straight up stock market, by Emmett have you still not requested to do a Teamview to verify these brokerage statement are truly being produced from eTrade? I tell you that VIG is so sweet, who cares about facts. Damn be the Facts, I want the VIG!!!!
I guess in prospective if you are going to get a VIG and let your subscribers be ripped off, Sean is not so bad as only $60 or so a month and not likely to lose thousands, unless you are a fool, trading stocks as you can just buy a few shares and not be massively leveraged.
What amazes me, by now this guy must have had 1000s of subscribers, yet not one, not a single one, comes here and provides any proof of how he is making them money. What else do you need to know.
And Emmett, I already baked that Crow Pie and waiting to hear back before I have to eat it. It is going to spoil if I do not hear back soon.
The Tim Sykes legacy is substantial. What do you tell your parents? Mom and dad, I learned how to make money by making false claims of success in the stock market. I am making thousands. People may lose their life savings, but mom and dad I made it. I ruin the lives of hard working Americans so I can buy expensive bottles of champagne. My real goal mom and dad is to become an even bigger tool than Tim Sykes. I know you guys are proud, right?
Do you think he only makes money on chat rooms? There are hats, t-shirts, mugs and more. There is also a whole list of scanners to purchase and I’m pretty sure a Dekmar University is coming for a few grand. Which university will it be harder to get into Clay Trader University or Dekmar University. It’s a close one, sort of like between Harvard and Yale.
“There are hats, t-shirts, mugs and more.”
I seriously thought you were joking, but I checked out the site and Damn you were not! Want kind of narcissist is Sean? And who would be foolish enough to buy a T-shirt from him. Now this is mind boggling. Maybe I am wrong on this, but I cannot think of one profitable trader that goes around selling T-Shirts. Give me a break!
Hmm, I wonder if I could sell Rob B T-Shirts? Or Damn, Emmett start selling Emmett’s T-Shirts on this site to make extra money and forget about the VIG. I might actually buy one.
I might have to buy a T-shirt. And Dekmar Trades custom slippers for my feet.
If your gonna shill, be the best best shill you can be.
I have to admit the kid is smart. He is not on Ross Scameron’s level yet, but definitely head and shoulders above Fous’ women’s underwear products.
‘I have to admit the kid is smart. He is not on Ross Scameron’s level yet, but definitely head and shoulders above Fous’ women’s underwear products.’
is similar, yes.
weird mistake Emmett
The Alert Box purpose is to show what are some other good trading options and give traders a trading plan as they state the Entry, Exit, and Stop Loss they should consider on that play. Sean will always tell you before hand what stock he is going to get into and when he gets into it. He live commentates everything and explains why he is going into each trade so it is a great learning environment, so there is never any confusion. YES he trades his own alerts, he just puts other alerts in the Alert Box that he thinks are profitable as well if you are very eager to trade. He also explains in credible detail on why he thinks these alerts will be good. He alerts 3-4 stocks a day and plays 1-2 of them, but he will tell you before hand what alerts he will play. Also he shows all his P/Ls in chat. He also post them on social media. Thank you!
What complete BS! Actual I have listened to him and he does what virtually everyone of these day trading room con artist operators do. Motherhood Talk, like this is a good area and so forth and so forth and then claim victory no matter what happens. That is easy to do. What is hard to do is actually take a live trade with a real stop loss and a real target and make money.
Being no one else can step up to the plate, maybe you can show how you are knocking it out of the ballpark trading Sean’s Trade Alerts as you imply.
Anyone willing to take a sidebet. You know no one ever takes my sidebets.
Oh and really you ought to at least the read the other thread for you do not look like a complete fool. It was already shown your statement below is false, well let me reword false in trading a live account that is:
“YES he trades his own alerts”
No one, including Sean, claims to be “hitting it out of the park” with his alerts. He makes money trading – if you are in the chatrooms you’ll see that – but “hitting it out of the park” is NOT Sean’s focus. His focus is to EDUCATE traders. Which he does by making sure every alert (whether initiated by himself or a sub) is credible AND by explaining his reasoning behind each and every alert/play. Once again, if you’re actually in the chatrooms instead of spreading your fallacious negativity on this blog – you’d already know this.
Improbable fills, Ghost trades, Penny stock environment are all red flags. To that add the fact that he is pushing trade-ideas for affiliate income show that he himself is not happy with own trading. Lastly, account statements sure do not look authentic, mere some different software than MS excel. Seems the model is deceptive at least and border lining crooked. Btw, he is also selling T-shirts and caps. Better advertisement or some more side income. In trading business, authentic performance verified via brokerage statements and real time free trials is the best advertisement and promotion tool.
I am sorry but count me extremely dubious.
1) He does not even trade his trade calls. This is beyond red flag,
2) Two people claimed he is helping them, yet showed you no prove they could trade profitably,
3) Sean claims to be making all this money, yet in the previous article not one person could come forth and show proof they are making money. 1 person that was associated with the room bragged, yet when asked to show proof of his claims he could not. This is extremely beyond red flag to me,
4) Finally those brokerage statements look like outputs of the snippet tool, which I have seen other con artist use. I have zero faith in them. I just have 1 simple question before you gave this guy a 5 star review. Did you do a team viewer and have him open an actual brokerage account in front of you and verify his claims. If you did then I apologies in advance and eat crow (damn I hate crow), but if not you need to get off you ass, get off that VIG money and demand to see real proof before putting out a 5 star review!!!!!!!!!!!
Hey, hey, it was only 4.1 stars, not 5 stars. LOL.
Darn you did get me on that one. But I stick to my skepticism. Here is the fact except for Dekmar (maybe there is another) every day trading vendor Emmett review turned out to be a con. Sure some of them at first conned him, like the pump and dump, but eventually all where shown to be scams.
I believe in the old principle, “Extraordinary Claims Require Extraordinary Evidence”. And I think claims of day trading penny stocks profitable is an extraordinary claim. Unless I misread, the man is even shorting 10,000 shares of $1.00 stock. I say the odds of borrowing that stock and shorting are not very high. I know this from my personal experience with stock trading. Call me a conspiracy theorist but I think the snippet tools lets you make sim trades look like live trades. Easy enough to prove me wrong.
And Emmett brings up another point:
“Its pretty nutty that he still trading with TD Ameritrade. In fact, I would hope that Sean would consider getting his prop traders license and opening an account with T3 Trading. This would probably be the best place for him. This would cut his costs from $1k per month in brokerage commissions to about $200 per month. A big difference.”
Is Dekmar too dumb to find a better broker with lower commission than TD Ameritrade? I throw out my other favorite theory Occam’s razor. Maybe he is just sim trading and post those results as real. That sure would explain a lot, like how he gets the exact entries and exits when no one else can.
Again I am have brushed up on my crow recipes if I am wrong
Rob, I believe in the other review Emmett stated that “short ” meant short term trade and all were longs
Sean now sending out Emails stating the gains for the day by totaling up Emails from members advising how much they made that day. Zero proof. Nothing. Obviously no losses. It appears there is a connection with Warrior and others.
Also in and out of trades in minutes claiming a win. Too much talking sounding like a high school football coach is annoying.
Sorry, but that is an improper meal. A large helping of crow must come with a side of humble pie. I do not see the humble pie anywhere on that table. 🙂
Yeah! It was only 4.1 stars!
I’m sorry, but I look like a shill for Rob because I believe everything he stated. I listened to Sean’s live trading you tube videos and he is not very precise when he calls out trades. don’t believe me, please listen for yourself. He touts a stock and talks about an entry, but he never said ok i’m in here. He will say ok this is the level we are supposed to be in and this is after it took some heat. then he will say this stock is hot, it’s going we are looking for a rip which it then fizzles out after 10-15 cents. Where he then claims victory. He starts claiming huge profits in the room and big rips, but he never tells you where he got in and where he got out. In fact he never shows you his live trading level II executions which should be mandatory. I am skeptical, but if he is doing well then god bless him. If he is just another con then shame on him. If the kid is legit get your statements audited and he will never have to answer these type of questions again. I actually hope he is the real deal so Emmett can keep the blog running with some decent vigs. Good luck Sean, I hope you can allay some of the lingering doubts.
Your write up is exactly what I privately hear.
He needs to drop the ‘alerts box’ or perhaps we should call it Soap Box Trades.
But I have to give him some credit on the personal performance. I sure as hell can’t do it.
This is a great service for millennials that want to sling stocks all day long.
Hmmm, Emmett actually I believe you can and I am holding off on Cyn Humbly Pie.
Heck, you do not have to take my word for it, read your own write up. You stated, “Sean Dekmar is trading with a TD Ameritrade”
Well guess what I have a TD Ameritrade account. I only do long term holding with that account, but I looked and I can not produce any type of Brokerage statement that looks like what Sean is producing. In fact if you go to TD Ameritrade and to what it calls Gain Keeper you get what I showed you in the photo.
Again I am ready to eat crow with humble pie, but you have dodge the original question I asked and now I add to it with the following question, “How does one produce a brokerage statement from TD Ameritrade that looks anything like what Sean is showing”?
Here is another question, “How dumb are you going to feel if this guy is just showing you Sim Trade Results”????????????????????????????????????????????
Get off the couch and get some real evidence!!!!!!!!!!!!
P.S. In case anyone is wonder I checked during a period I had position closed and it looks the same way.
Here is a real run of a profit / loss in gains keeper from TD.
You can even export it to a spreadsheet , but doing that makes it ediable IMHO.
Producing real statements is so easy now-a-days .
And just so you know mine are real , there are 2 showing a losing month and a winning month.
There should be no excuse for producing real statements.
The reaon for the positive review IMO, seemed more about the guy being honest , then successful , and the feedback from members.
And of cource we have to take a shotgun to it, thats what we do …
Great job everyone .
Great job Tom, but I got a food for thought. Looking over your statement it looks like you trade somewhat the way I do and buy stocks and hold them longer than 20 seconds. My TD Ameritrade account goes way back from the days it was Jack White and I only have long term holding in it like Berkshire. For my short term trading I use IB because the commissions, unless you are trading lots of shares, are so much less. Something that might be worth a look or not depending on other factors.
I was looking at some of his vids on youtube and it looks like he is trading a logix platform ie Nonko Nintendo video game platform that was exposed like a year ago or so. I can see how is getting easy fills on that demo video game account. SO I am not sure how he is trading through logix and posting TD Ameritrade account. btw he sounds like every scam room out there I haven’t been in his room I hope he sounds more Professional to his subs.
He is not posting TD Ameritrade brokerage statement. That I know for sure.
I am not familiar with the logix platform. Would it allow him to post sim results in the manner he is showing?
If I have to eat crow if my hypothesis about this trading room is wrong, then I think it is only fair Emmett has to “TBD (maybe a vote by subscribers)” if I am right and this guy is running a scam.
After all he would have scammed the greatest master mind of our time by convincing him nonsense sim trades are real trades.
I agree Rob B, I have a TD Ameritrade account and my statements do not look remotely like the ones Dekmar demonstrates. I do not think you are wrong about this trading room and to add further I believe he uses his subs to move the underline pennystock he has picked kinda like the rest of the front loading scammers ala Jason Bonds and Tim Sykes. about a month ago I was in stocktwits ( poke at me its ok I get board sometimes)AUPH board and low and behold here shows up dekmar claiming this stock is about to move on a post. within about 20 seconds the stock jumped about .30 cents with somewhat some volume for a 6 dollar stock. Then on twitter later on posted big wins on the AUPH trade. it could have been coincidence , maybe not but I can see if he has 100 subs that jump on a “alert” and thousands of share buy orders kick the price movement I think that’s kinda sleezy and what to expect from a paid room since the same formula works on just about all of them why re invent the wheel? I think the Question will be answered that yes there have been some profitable trades with some subs but over 90 days those subs are either blown up, break even or scratching their heads as to why they are down -60% and have to re up on the account balance.
Stocktwits Rob, I guess trading can get boring. Yes they re up with the monthly churn, easy to do when the paying subscribers are putting their financial hopes and dreams in these scammers. Just no moral compass. Get a real job if you can not trade. He seems to be qualified as an auctioneer. “Hey guys this one is gonna rip..we are all making bank. I’m out, but this still can go.” He is a financial genius. I think Jim Cramer could use a carnival barker like this guy, would fit right in.
Do any subscribers of these rooms make money and have proof of it? It is starting to get comical if not for people losing all their money.
Btw, I am certain that a broker or trading room can not put on a position before he alerts his customers. That is a huge violation. I am very surprised the authorities don’t enforce this more than we see with these rooms.
HE USES E-TRADE
What is the VIG I must pay Shill Mike. 🙂
I can hear it now, you just agree with whatever Rob complains about. No, I listen to facts and you can’t refute facts with..oh you must be a failed trader because you follow concepts such as ROI. Listen I’m sorry Rob brought up so many great points, but I hate to put a damper on some of the Vig Emmett receives so he can keep this blog running which really is performing a public service. Please someone listen to his live trading room calls on you tube and tell me if I’m wrong so I can join Rob on eating some crow. Crow marinated over night, umm can’t beat it.
Emmett get him to validate those statements to eliminate all doubt cause some tech savvy posters brought up interesting points about these statements being created out of thin air. At least Rob, listen to a you tube video of live trading and tell me if he is being totally transparent.
I have seen his stuff. As James pointed out he only trade longs. So while it is certainly possible with the stock market just going up up up recently he could have made money, there is just too many anomalies to ignore. He basically trades the way Ross trades, who also puts out fake brokerage statements. And we all know even Suretrader has come out and stated Ross is a phony.
But the biggest point I cannot get over is he puts out a trade alert that he does not trade. Contrary to Emmett basically giving him a pass on this, I cannot imagine anyone honest doing this. On top of that Emmett has given him a 4 star review back in April, which means 100s of people would have subscribed to his room by now and yet not one has come forth with any proof they can trade his method profitable. And that speaks volumes to me! Nothing I have seen from Sean comes across as honest.
As I stated earlier when I add all this up I stick to what I said, “Extraordinary Claims Require Extraordinary Evidence” and I know the brokerage statement did not come from TD Ameritrade, so they either came from the platform he trades with or something else and IMHO that is not good enough in this case.
And Sadly this is the point another poster recently pointed out about Emmett’s inconsistency. Why demand other vendors open and show their account statement live using team viewer, while giving this guy a pass who is showing who knows what. If you are going to give a vendor in this corrupt business a 4.1 star review then you also need to demand full transparency.
They say love is blind. I say the VIG blinds all.
Speaking of trading statement, I’d like your opinion, as well as everybody reading this, on the trade statements here http://scorpionfx.com/trade-performance (scroll down the page to November 16 to see eight months of daily trades).
Either this is a big scam or these guys are the gods of trading. If they made 22,672 pips as claimed, they could have had up to 1000% ROI depending on leverage. Account management minimum $100k and one-year commitment.
I’d appreciate the feedback.
I don’t even have to look at their site assuming what you stated is true:
” they could have had up to 1000% ROI depending on leverage ”
Do you really need a 2nd opinion???? 1000% return you would quickly become the richest man on the planet. The greatest hedge funds do cartwheels is they can make a 25% return. GS would hire these guys and pay them what ever they wanted. But out of the goodness of their heart they are going to teach you their method to make 1000% return, which by the way would no longer work once others duplicated it. That is how the real world works.
This is complete nonsense!
BTW, Emmett please come up with something so folks can start a thread or something so they don’t clog up a thread with questions that have nothing to do with the thread.
Ok, I will add a Question and Answer section now.
Cool, and also have a bump feature so the comment is not deleted but just moved to the appropriate thread.
If you’re going to invest with someone in fx they need to have a verified portfolio linked to http://www.myfxbook.com/most-popular-forex-systems or show you brokerage statements or even tax returns.That bullsh*t picture performance has to be the funniest thing I’ve seen in a while.Search Robert Halterman forex on Facebook and see how many fx scams have been exposed so far and how much money people have lost.
Trading is mostly a very individualistic sport, you need to find your edge not “Make 10,000% this month with my calls”. What has been their long term verified performace, that’s what investors need to see. Otherwise, go to the bank and keep your money in an account there.
You can’t make 1000% a month? what is wrong with you. You are truly in the wrong business.
I have to comment about myfxbooks statement. Myfxbooks is the con artist tool. They set up a White Label Forex Brokerage for a few thousand and then send trades to Myfxbooks. The whole things is a scam as shown in the article below.
I have skyped with many Forex traders saying, but his results in Myfxbooks is so good and then of course to proceed to just lose money.
For Goodness sake do not believe anything shown in Myfxbooks.
I agree rob it can be faked but you can always ask for additional information to soothe your doubts.Something is better than nothing ,be skeptical and if they don’t ease your doubts they are definitely a scam.
“In fact, I would hope that Sean would consider getting his prop traders license and opening an account with T3 Trading. This would probably be the best place for him. ”
Not if they are going to force him to take their nutty course, and insist that he trade in that manner that they teach in that course, it is not.
Sean trades Sure Trader and Etrade according to other members. Never heard mention of tos. He buys huge amounts (on margin?)
Aside: Scroll down home page and see address used as Day Trader Drive – ????
No such thing exists.
Sure Trader?? Gee as if there were not already enough red flags. Look there are enough red flags at this point that I will go out on a limb and state exactly what I think. And once again I pull out Occam’s razor. The question is why does Sean not trade his own trade alerts. Well you can come up with some complicated answer, but I say he does trade his alerts. That is right he does trade them!!! But he does it in sim and he takes about 5 other sim trades with it. I have seen this same scam from another vendor. His alert trades would be losers so he takes lots of sim trades and then has a program whereby he can pick and choose which trades will be include in his “Brokerage Statements”. Brokerage Statement from Hell I say. This is the same scam all these day trading penny stock traders use.
If I am wrong I guess I will have to eat 2 Crow Pies with a helping of humble pie on the side. I am still waiting for Emmett to actually verify his “Brokerage Statements” or any of his student to back up his claims.
I am going to shill for Rob again. Rob has stated now, for what I have seen, over a year for a student from one of these rooms to verify the profits they claimed to make. Not one, I repeat, not one came back with proof. There was this dude that claimed he was a roofer before Sean then made the switch to full time trader because of Sean’s education. He was very adamant about the validity of the room and claimed he was killing it now that he was a full time penny stock trader. This was after the first review, but he never showed up again after a couple of days. Hopefully, the roofing company took him back. I’m not so certain that Rob is going to find out what baked crow with a side of humble pie tastes like.
Roofer. Where I live the Real Estate Market is hot hot hot and you can not even find skilled labor. Not to mention Trump has sent most of them back to Mexico. He will make a hell of a lot more money as a roofer than a day trader.
I’m interested in a review of John Carter and his Simpler Options, Stocks, and Futures. Any chance that is happening?