Follow Me Trades

Follow Me Trades
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
4.83

Summary

Dean Jenkins of Follow Me Trades is the real deal. The track record is real, the trading signals are simple and easy to follow, the service transparent.

This is not a day trading service. Average trades last 4-6 weeks in length, and are primarily trend following. Lots to like. A very nice, and very genuine person is running this business.

Pros: Verified track record. The person running the business is very humble, genuine, and a very good stock picker. Trades are easy to follow.
Cons: A bit expensive at $99 per month. Uses some technical concepts like Fibonacci and Elliot Wave, that in my opinion are of little value.

Thanks for today’s review of Follow Me Trades

What is Follow Me Trades? The business is a stock picking, and trading educational service. The business is owned by Dean Jenkins, operating out of Olympia, Washington.

Follow Me Trades operates a website located at www.followmetrades.com. In addition to the website, a social media profile/Facebook page can be found at the here.

Follow Me Trades offers several products:

  • $7 trial period for stock picks
  • $97 per month for the stock picking service
  • $497 “Master Trader” program
  • $497 “Options Basics” program
  • $139 “Ichimoku Cloud” module

The stock picking service comes with a 10-day money back guarantee with no questions asked.

The business was launched August 2015.

Performance Claims

TradingSchools.Org began receiving requests to review Follow Me Trades as early as February 2016. In total, TradingSchools.Org received 10 requests to review the service.

During the month of August 2016, I reached out to Dean Jenkins and requested confirmation of the supposed profit and losses. The website claimed healthy returns on the stock picking service.

  • 2013 a return of 57%
  • 2014 a return of 37%
  • 2015 a return of 28%

The above returns represent a beginning account balance of $100,000. Each trade of the service represents 2% of the current account balance. Obviously, these sorts of returns seem almost too good to be true. And so my next step was to start actively following the service.

From August 2016 through October 2016, TradingSchools.Org began tracking the results.

For the recorded period, everything appeared to be accurate, easy to track, and easy to record. The trades are sent out via email and website update, the night before the market opens. The entry price has a clear stop-order entry price, a stop-order loss, and a profit target. Very simple. And very easy to execute.

In addition to the daily update, the service also includes a Wednesday evening, screen sharing update with Dean. He goes over each of the trades, the winners and the losers, and gives an update on where he feels the market is going. Truth be told, I found the Weds evening update pretty boring. He talks about Fibonacci, Ichimoku clouds, areas of support and resistance etc. If I could condense his approach, and remove the technical jargon, it would be that Dean Jenkins is a trend trader. He goes with the trend. I am not a big proponent of Fibonacci and Ichimoku, and feel that most of this sort of stuff is just carnival show mumbo jumbo. In my opinion, the ‘secret sauce’ is quite simply…trend following.

A closer analysis of the performance record, which included over 125 trades, revealed that the trades are an even mix of long and short. If the trades were all long trades (ie buy and hold) then I would be suspicious of the track record. Why? Because the stock market, since 2008, has only gone higher. A monkey wearing a costume, randomly throwing darts at stock picks can make money in a bull market. However, the outsize performance of short trades, during a bull market indicates a high level of skill. It is fair to say that Dean’s record at shorting is very good.

Some readers might be tempted to conclude that 125 listed trades is quite low. However, I would counter this argument by reviewing the average hold time of the trades. Each trade lasts 4-6 weeks.

Verifying Performance

During the month of November 2016, I once again reached out to Dean Jenkins. What I really wanted to know…is he actually trading? It is one thing to simply recommend trades, but it’s quite another to actually pull the trigger with real money. On the Follow Me Trades website, he claims that he is trading with a live trading account. And so my next step was to obtain actual account statements and review the trades for authenticity.

To my surprise, reviewing the account statement was not a problem. As a matter of fact, with a screen share, we logged into his TradeStation Brokerage account and began randomly reviewing trades. The trades on the official track record matched the brokerage statement. However, he does make some trades “off the record” that is not included in the advisory. My goal was to ignore anything and everything that was not part of the service. I can confirm he is actually trading with a live trading account, and the amount is significant.

One of the things I really liked

With stock picking services, one of the problems that I often hear from subscribers is “how many shares should I trade?” For instance, one person might have a $200k account while another might have $2k. How many shares should each person trade? Dean created a very handy, risk management calculator for subscribers that answers this question. Example…Dean recommends a maximum position size of no more than 2% of the account balance. The following is a screen capture of what the calculator looks like, for a person trading with a $10k account.

Follow Me Trades

As you can see the instructions are very clear and include

  • # of Shares to Buy
  • Cost of Shares
  • Potential Profit at Target
  • Amount at Risk
  • Reward/Risk Ratio

It is very simple and very easy to understand.

About Dean Jenkins

One of the first things that you will notice on the Follow Me Trades website is a big picture of Dean Jenkins. He is holding a highlight pen and looking really authoritative. In my opinion, he looks like an asshole. A mean, grumpy asshole. The sort of guy that doesn’t answer his door on Halloween. Have a look…

Dean Jenkins

However, when I called Dean on the telephone, it was not was I was expecting. He is very warm. Very down to earth. Patient and kind hearted. And very open to all of my probing questions…and my questions are meant as 100% ‘gotcha’ questions. In my experience, 99% of the guys selling trading products are guilty of various levels of chicanery. But Dean flowed through my intense questions with no delay or shady stumbles. Truth be told, my telephone conversations hardly ever go very well, but I was really surprised at his level of openness, hospitality, and lack of ego.

Once I got past my FBI level of questioning regarding performance disclosure and verification, I next ventured into the back history of Dean Jenkins. I was once again pleasantly surprised. Prior to starting the advisory, Dean spent over 20 years working at NEC and then Intel Corp (MBA University of Washington). He was plainly honest in describing how his career at Intel, and the long time investments in Intel allowed him to stop worrying about money in 2006.

After leaving Intel in 2006, he decided that he wanted to go into the Ministry. He next earned an MA in Pastoral Ministry from Northwest Nazarene University and subsequently founded a church. I know that many of you are probably scratching your heads and wondering “this sounds too good to be true”. Well it’s true. I confirmed it. The church is named Real Life Communities Church, and a Facebook page can be found here. Yes, it is an actual Church, a non-profit that focuses on helping the local community.

What is funny is that I had to practically pull teeth getting Dean to talk about his Church. I have profiled many scammers and hustlers that talk about Jesus and trading profits, looking to fleece the flock, preaching the prosperity gospel. But you will not find this with Dean. He is very quiet about his ministry. Its very interesting, and very refreshing. I guess what I am trying to say, this guy is actually really nice. And the following is picture more accurately reflects his personality…

follow me trades dean jenkins

Ok, so now that I have spent a bit of time talking about what I do like about Dean Jenkins. Let me take a moment to talk about what I don’t like…list sharing. I am on his email list. And there are several other affiliate promoters on the internet that are promoting Dean Jenkins. And they have lumped him into various promotional efforts, with several other “trading guru’s” that are of negative value. So if you receive a marketing email that includes Dean and a few other random turds selling something, try and ignore the turds.

Affiliate Marketing and Promotional Efforts

I want to be 100% upfront and honest with my readers…I signed up for an affiliate relationship with Dean Jenkins. Certainly, some readers are going to frown on me, and this is going to taint my positive review. But I would like to remind the audience that over the past 2+ years of writing these reviews, I have only agreed to market 3 vendors. Nearly 99.9% of vendors get poor reviews, and I earn nothing from poor reviews. So if you decide that Dean Jenkins is of value, then I appreciate letting him know that you read this review. And it factored into your decision making.

The only way this blog can cover expenses and the multitudes of legal hassles are to forge relationships with vendors that have something actually worth purchasing.

Also, I want the audience to know that I have not purchased the Master Trader, Options Basics, or Ichimoku Cloud course. So I can offer no opinion on its value. My focus and scope has been primarily pointed towards verifying that the performance is real. Once we have a baseline of verified performance, then we can judge whether the concepts are valid.

Wrapping Things Up

Thanks for reading. Don’t forget to leave a comment below. If you have subscribed to Dean in the past, would certainly appreciate your opinion below. Well that’s it for today. Once again, thank you for reading and commenting.

Leave a Reply

239 Comments on "Follow Me Trades"

avatar
Photo and Image Files
 
 
 
Audio and Video Files
 
 
 
Other File Types
 
 
 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of
Ben
Guest
I have been using followmetrades.com for the past 6 months using his stock alerts. To be clear three months paper trading three months do true option trading. I just started taking his master trader course and am very satisfied with all of his services. He openly admits you need at least $10,000 to make his service worth the cost. I have spoken with him on the phone and he always seems like a person that is quiet but willing to give an answer to any question and doesn’t seem rushed. I do like like the slow pace of his trading… Read more »
Stockgirl
Guest

I’m not seeing a chat room.

Stockgirl
Guest

I just joined the $39 first month trial. Didn’t look like your affiliate link worked. I’ll let you know how it works out.

flyingmac
Guest

Who belives in any of this reviews?? All for the affiliate dolaaaaaaa…. smh

Abhijeet Sharan
Guest

Thanks for your honest review .
I cant , however see any Master Trader program on his web site .
Can u help ? If there is , please send mke a lonk so I may evaluate it for purchace

Charles Butts
Guest
Charles Butts

Emmett, do you know or have a “wild guess” of the number of traders under Dean in this one particular program. I didn’t want to try to fight my way in on a trade with 5000 others?

Hmm
Guest

Fake! The entry price on alot of his stocks aren’t even real.

2016 Closed Trades

Stray Dog
Guest

You are going to have to provide more detail than a link to his closed trades page.

Chris
Guest

It seems this site is only meant to promote trading schools that pay Emmett for a good review. The only two good reviews I see on the front page are receiving complaints from users that they are known stock promoters, buying a thin stock and then convincing others to buy behind him so he can sell high, and neither are actually verified despite what emmet says…

Rob B
Guest

Well, Emmett was scammed by some of the pump and dump artist in the earlier days. Exactly which 2 sites on the front page are you referring to. I do not even see 2 sites on the front page with good reviews. If you are sincere then reply, but most people who post as you have done, have an ulterior motive.

Goagal
Guest

Yeah, I too want to know which sites you’re talking about. Come on, don’t be coy.

Stray Dog
Guest
The only site that I know of that got a positive review from Emmett that could fall into that category is K Capital. However, at the time that Emmett’s review was written the service was good. Trades were verified and he wasn’t trading rubbish but sadly that’s not the case today. There’s no longer a record kept of trades and the stocks he pushes out to members are perfect candidates for a pump and dump. Stocks with less than 80K, 60K and I think even less have been alerted to subscribers. Kyle from K Capital gets my “Jason Bond Wanna… Read more »
dtchurn
Guest
None of the “good” reviews are actually that good. They are just breakeven vendors that people are willing to pay some change to see sometimes live trading in action. These breakeven showrooms serve a well enough introductory purpose purporse for newbs who want to see real trading in action and get toes wet even if it’s not the dream. The ones that make a living would not be running a trading room for retailers. There was some stat or study by a university that showed only 2% did not lose their money trading overall. Of that 2% only a few.… Read more »
Fara
Guest

Looking at all the reviews done on this site, a logical person should come to the conclusion that there no such thing as an edge in trading. Trading is no different than gambling, and the faster more people realize this the better off they are.

Stray Dog
Guest
Big Mike’s mantra “Don’t follow vendors” is one of the few things that comes out of his mouth that you can believe. Even if the vendor is legitimate and that’s a big IF it’s very unlikely that their style of trading will match up with your own temperament. Follow Me Trades has targets that make no sense to me, they’re pure fantasy and wishful thinking. His stop losses are so wide that any fool could see that the trade was a fail long before price reached the stop and I can’t even understand why he takes certain trades but he’s… Read more »
Rob B
Guest
First glad to see you back in the discussion/comment section. Fara, just as there are 7 stages to acceptance, I think there are multiple stages to becoming a profitable trader and most people cannot accept the reality of trading to even get to the final stage. I do not want to write my usual book reply so I will say it looks like you have finally come around to Stage 1 and that is: Realizing all TR are run by Con artist. Yes not 99%, but 100% of them. The sad part is so few can even accept this stage… Read more »
Gideon
Guest

It is nice to see people like Rob, Stray, Cyn, and others in here posting things the way they are. I just wanted to say thanks, and please keep posting your thoughts!

Just curios, why don’t the “real” traders in here start up a chat room? No scams, No money to join, just real folks trading that can share ideas and have other like minded people to talk with? Just a thought.

Rob B
Guest
Well. Thanks glad to hear someone likes me as opposed to the hate post I normally get. I will tell you why as I Skype with other traders and none want to hear what I a say. They all want to belive in the fantasy where you scalp each day, have an 80% win rate and virtually no draw down. I refer to it as the fantasy world of trading. And they rather lose money there then make money in the real world. The real world just does not work like that. You are not going to consistently make insane… Read more »
Stray Dog
Guest

Fara, If you are young invest in property and let your tenants buy most that asset for you over the next 20 years. Once you’ve made some progress with the first one buy another one and another and another. Remember you are buying something that someone else will live in, not you and what do renters want? Cheap rent in a property where the roof doesn’t leak and things work. It doesn’t have to be beautiful, a cheap property that’s orderly and secure will never be vacant.

Cyn
Guest

Just remember that finding the correct tenant, who will not destroy your property can be a bitch.

Charles Butts
Guest
Charles Butts

Well, you are kinda right..BUT…I found an honest trading site. It involves value stocks, so we hold for a year or two or three. He buys the pick 24 hours after announcing the pick. Every positive thing you would want in a trading site….EXCEPT…….I started out 3 years ago with $83,700 and now have $81,900. So….watch what you wish for….LOL

Tanner
Guest

It’s hard to tell isn’t it? Then again comments like yours Chris have been allowed to stay over a long period. At least the discussion is open and Moore doesn’t shutdown criticism. Further, re the ‘stock promoters’ you mention… I geuss they could have a verified trading performance AND be promoting? In which case they are both honest and dodgy to varying degrees. The whole world is a gray area and I’m glad tradingschools.org is a part of it… even if it’s a little gray itself.

Dean Jenkins
Guest

I appreciate the rigorous discussion! If you have questions, feel free to drop me an email: [email protected] or give me a call: 360-561-6137

Goagal
Guest

149 comments and only 1 (Stray Dog’s “I paid for the $7 trial…”) is relevant to this review. Is this a new record for pointless blabber?

Rob B
Guest

Hmmm, I think an example of pointless blabber would be your post. Thank God you are not in charge of what is pointless blabber.

Goagal
Guest

My post was not pointless, I was trying to help a newcomer skip the 148 useless posts and go directly to the only one that’s informative.

Stray Dog
Guest
The threads do tend to take on a life of their own but Rob made some good points about the link between high returns and high risk but his best comment was ” I do not know a single person, I am sure they exist; making money by following someone else’s trading. You have to be able to think and invest for yourself.” and “When you follow someone else and have no clue why they are entering or existing and have no confidence in the method and when there is a drawdown phase of 30% will you take the next… Read more »
Goagal
Guest

I was about to ask you whether Dean explains his picks. From what you’re saying it sounds to me like he doesn’t explain anything. Am I right?

Stray Dog
Guest
Dean gives a brief explanation of the type of entry he is making, e.g. this is a stage 5 wave (Elliot Wave) entry but I wouldn’t consider them to be detailed. His reason for entering the trade is his reason for picking the stock in the first place. Basically what you are getting are his picks with a very brief explanation as to why he’s entering it and you either enter or don’t. Personally I like that he’s not long winded in his videos but I’d like a little more explanation so that I understood his reasons for his picks.… Read more »
Goagal
Guest

I see. So if you want to understand why he’s doing what he’s doing you have to buy his courses.
Just like you, I’m very busy with work and stuff and don’t mind paying for somebody to do the legwork for me. But I still want to understand what he’s doing for all the reasons others have mentioned in this comments thread.
Thanks for the information, it’s been very helpful.

Stray Dog
Guest

@Goagal I don’t think he sells a course. Apparently he’s trying to sell some software in his futures room. As far as I know he’s selling his weekly picks I think over time as you listen to his weekly videos and read his comments about trades then you would learn about his approach to trading but I don’t think he teaching is any formal way.

Goagal
Guest

Hmm, you’re right, I checked his site(s) and couldn’t find any courses that he’s selling.

But then Emmett says at the beginning of this review that:
Follow Me Trades offers several products:
$7 trial period for stock picks
$97 per month for the stock picking service
$497 “Master Trader” program
$497 “Options Basics” program
$139 “Ichimoku Cloud” module

I’m confused.

Rob B
Guest

He has mentioned his Ichimoku Cloud course in his futures room. I also would guess he has private tutoring.

Stray Dog
Guest

@Goagal I have received email about his Ichimoku software but not about the other courses and I also cannot find anything about them on his site. Ichimoku Cloud is the latest fad but it will turn out to be just like any other indicator. It will work sometimes and then it won’t. Just more bright lights to bedazzle the customer.

Barry
Guest

OK, this guy can’t trade futures, so what? Is his stock trading performance as represented and does he call trades that can indeed get filed?

Emmitt never said anything about this guy’s futures trading prowess, only stocks.

Rob B
Guest

Emmett said he was honest and transparent. You can decide from there.

Pete
Guest

Well, it is an ethical dilemma, is it the Christian thing to do, to charge a fee for a futures room if you aren’t a highly consistent live trader?

Stray Dog
Guest
I paid for the $7 trial followed by $97/month if I choose to continue with an option of an annual subscription that is effectively a 50%+ saving on the month by month sub fees. Stock Trading Performance 11/28/2016 – 12/2/2016 Whether going long of short, Dean alerts a price range at which to buy or short shares. He suggests that you place a good till cancelled order so that when the price range is hit you are entered into the trade. Below are the trades (not the ticker symbols) that he has said he is in or that he has… Read more »
Rob B
Guest
Stray Dog, I had to respond. Thanks for being the guinea pig and signing up and reporting the stats so far. I know nothing about his stock trading room, but I do understand money and investing. There are so many things to talk about. First people look at his annual returns and say that is great. But high annual returns also mean you are taking higher risk. I am sorry but that is how investing works. There is no free lunch in this business. Second annual returns by themselves mean nothing. You have to look at the overall stats. What… Read more »
Pete
Guest

True words of wisdom on the value of investing over trading. I think Al Brooks is a big time investor who just talks and writes about daytrading becuase of his low opinion of day trading students… like a Dr Evil of finance

Sam Watson
Guest

I’m surprised you still rant about Al Brooks even after Emmett complied and wrote your review. I sincerely think you’re broken…Like padded white room with scribbles of Al Brooks all over the walls type of broken. Please stop the incessant Al Brooks rants. You’ve single handedly turned the man into a legend.

Trader X
Guest
Rob. I totally agree with what you said there, especially after being burned countless times by “gurus”. But I think a lot of people who sign up for these services do so in hopes to learn how to trade themselves eventually. So the problem is — how do you teach yourself to become a profitable trader, when all the teachers out there suck? I would love nothing more than to teach myself, but I have no idea where to start if all the courses and trading rooms are scams. There doesn’t seem to be anyone good to learn from. If… Read more »
Rob B
Guest
Trader X, I which I had an answer for you. My path was the path of hard knocks. I which I had someone to have guided me. I think one advantage I have and maybe it is genetic, but I am “GOOD” with money. I just always understood investments and return on money. Anytime I invest in something my first question is what will be my return on that investment. I have talked about the fact I am a Real Estate investor. I had so many people come up to me during the bubble and ask me about buying this… Read more »
Goagal
Guest

For a guy without answers you sure post a lot of long, beside-the-point posts. The guy asked you for advice re TRADING, and you went off about INVESTING in real-estate and bonds. Do you know the difference between “trading” and “investing”, or should I send you an English dictionary? Look at Cyn’s answer just below yours to see a to-the-point answer.

Rob B
Guest
Goagal, From your post I would not expect you to understand how important diversification is. Just because you do not understand my answer, does not mean it is not an answer. Successful individuals, at least the ones I know, do not solely short trade stocks I will give you another example, which I doubt you will understand either. As I had said many times I am also a Real Estate Investor. Many people I know start off just buying and flipping making a few thousand here and there, but you know what happens; they slowly realize real wealth is made… Read more »
Goagal
Guest

Yeah, I’m the exact opposite of what you think you understand about me from my posts. I do all sorts of investments (except real-estate, for personal reasons): swing trading, long-term value investing, bonds, gold, oil, ETFs (North American and international).
So, as Trump would say: “Wrooong”.

Sam Watson
Guest

@Goagal: Your name and mannerism conjure an image of an angry troll living under a bridge. Relax-a-little. At least all of Rob B’s posts were about either trading or investing. Your posts are all about Rob B.

Goagal
Guest
@Sam Watson: You’re right, I am angry, because after months of reviewing shitty TR operators Emmett finally claims to have found a good one, and instead of discussing and dissecting the review the forum is full with unrelated posts. I came here to find out more about Dean’s service, not to hear about Rob’s value investing and real-estate and bonds, so to accomplish my goal I had to read 147 useless posts to finally get to the 1 relevant one. Something that I doubt you have done, or else you would have noticed that I made 7 posts (excluding this… Read more »
Sam Watson
Guest

Your math may be better than mine, but sarcasm is surely lost on you. Giving me a breakdown analysis of your posts was an unnecessary wastage of bits & bytes.

Rob B
Guest
Goagal, The part I find amazing is just like your post above was a response to someone else’s post, my responses were to someone else’s post. Other people might find value in other people’s post or even mine that you do not. And BTW, once I got off the Kool-Aide and realized what the TR teach is nonsense and became a successful trader I found the concept used for long term investing have more in common with my short term trading than you think. But again I will throw you a bone, this site needs to allow sub threads. There… Read more »
Rob B
Guest

Trader X,

One other important point I forgot to mention. The reason most people are not successful is they believe what the TR teach; that investing is easy and making a fortune is quick and easy. It is not. Most successful investors build their wealth over time. You think Buffet become rich immediately. This is what I hate about TR and why none of them can show proof of their claims. Investing is hard work and takes time, discipline and patience. Anyone telling you something else, my advice is run the other way.

Cyn
Guest
“There doesn’t seem to be anyone good to learn from. If you have any suggestions, it would be greatly appreciate.” I can say with certainty that there are those who are willing to help others, but most of those people do not advertise, and are not running trading rooms. You have to get to them by word of mouth. There may be those who will do it for free, but I do not know any of those. Just for starters, I will tell you the same questions that I was asked when I was finally put in touch with the… Read more »
rtchoke
Guest

Cyn, a good friend of mine is a hedge fund manager (he manages 20 traders to decide if they will be funded and they follows their progress). Here’s what he told me re your post above: Nonprofessional traders (retail) – the first question they ask is “how much can I make?” The professional trader – the first question he asks is “how much can I lose?”

dtchurn
Guest

Good lesson. I’m just a retailer, but eventually learned that question “how much can I lose?” is just as important or moreso than thinking about the size of gains. This kind of question is usually glossed over on most trading forums until occasionally someone points out how important it is. An old thread on elite. https://www.elitetrader.com/et/threads/what-is-the-worst-one-day-loss-you-ever-had.74408/

yogikeung
Guest

excellent share!

Stray Dog
Guest

@Trader X as a place to start I like this site www dot swing-trade-stocks dot com Read everything on that site then click on the link to Trading Master Plan. For $50 you’ll get a good introduction to trading, risk management, position sizing and technical analysis. Pete posted a link to this free trading course adamhgrimes dot com/TAAS/ and you could look at the free education on investopedia dot com and on babypips dot com

Goagal
Guest

Earnings and sales growth are doctored by publicly traded companies all the time, and current valuations can suffer from irrational exuberance, so they mean next to squat. The world is full of companies like WorldCom and Lehman Brothers that investment clubs like yours were touting as good and sound investments only a year or so before they went bust. Investment is fraught with dangers just like trading, so please stick to discussing the topic of this forum dedicated to trading.

Pete
Guest

Wrong. Time and commissions are not variables for investments, unlike in trading, therefore investing has much less in common with gambling compared to trading. Brooks’ public image as a day trader pushes time to the lowest level imaginable and pushes commissions to the highest level imaginable, what an inelegant math equation Brooks has created for the unwashed masses as Emmett calls us.

Rob B
Guest
“current valuations can suffer from irrational exuberance” Indeed which is why I do not invest in irrational exuberance. I was giving a short reader’s digest response to just blindly following the TR presented here. It would take a book to fully discuss trading – short, medium, and long term and investing. The concept I was trying to move forward is you need to learn to invest on your own and not just blindly follow someone else stock picks. Do you disagree with that concept as you did not provide an opposing view, just critic of my post. Actually regarding Lehman… Read more »
Sam Watson
Guest

Did you ask Dean about whether this month was typical? Curious to know what Dean’s perspective is.

Stray Dog
Guest
I’d say that my information covers only 1 week so in the scheme of things it doesn’t count for much. It’s a 2% draw down on positions that have not been closed yet and if you look at his results many of his trades are open for weeks before they are closed. They could still turn out to be profitable trades but in this small snapshot of time they are underwater. He doesn’t seem worried about them and he says that he’s got good entry prices. This may be typical for his entries since he is working on a longer… Read more »
Stray Dog
Guest
UPDATE: I paid for the $7 trial followed by $97/month if I continued. The 10 calendar day trial period went by so quickly that by the time I thought about making a decision as to whether to continue or not I had already been billed for the next month. No complaints, that’s what I agreed to but it does reinforce that the 10-day trial is too short but then any service needs at least a month to try it out. Below are the running totals of trades since I began the trial. I will add new trades that are entered… Read more »
Rob B
Guest

Hmmm, Kind of a bad sign he is losing money in the mist of a Trump Explosive Rally. This is the time that, at least, trend traders should be laughing all the way to the bank. I know I am.

Stray Dog
Guest

Yes, I agree. Dean’s stops are wide and his targets are huge so they aren’t what I’d choose. The best type of service would be a small skype group where everyone brings a few potential trades to the table and you go over entries, stops and targets. But it would be near impossible to find a group of people who saw the same chart the same way.

rtchoke
Guest

Great idea though, if, and if and if a group could agree on the chart. On the other hand, if each one brings their stocks which they think are going up or going down and then allowing the rest of the group to check out that stock and see if their system would agree with the direction, entry and stop. Might be worth a shot.

Goagal
Guest

Any more updates? 🙂
And if you post any, can you please put them in a new post, so that the information doesn’t get buried in a long string of nested replies?
Thanks.

Goagal
Guest

So how did this endeavour end? Or … is it still ongoing?

Stray Dog
Guest

Time differences have made communicating difficult/impractical so a group never formed but if you send an email to [email protected] I’ll give you skype details.

Rob B
Guest
Even I cannot believe it. A picture is worth a 1000 words. Dean lost over $1200 again today. And this is in Sim, with no slippage, no exchange fee being added, and lenient sim generator fills. In Real live those loses would be 10%-20% higher. And the part that is most amazing he loses on virtually every trade, even though he start with an inverted Risk to Reward. It is almost mathematically impossible. His initial stop loss can be 40 ticks or greater. I am starting to think the way to make money would be to take the opposite of… Read more »
Pete
Guest

Maybe Dean is a good shepherd encouraging the flock to stick to stocks instead of trading futures, by showing the terrible reality of futures for retail traders? These negative results you report show how necessary the CFTC investigation and litigation against wrbtrader and Brooks, with their grandiose claims of consistent, daily, futures day trading profitability is coming very soon.

Rob B
Guest
If you post anti Al Brooks post in every single thread it not only clutters up the threads, but you lose your message and people will question the messenger. Let me try it this way. Emmett has reviewed 100s of con artist and if everyone ripped off by them posted in this thread do you think that would be a “GOOD” thing. So you come here to get information on FollowMeTrade and instead you are bombarded with reviews about Warrior Trading, GTR and so forth and so forth/ And please do not reply with another Al Brook’s post which I… Read more »
dtchurn
Guest
Thanks for the screencap RobB. With your description of his “consistent” negative p/l, a 40 tick s/l which keeps getting hit, and the lagging indicators on the screenshot, I’m leaning to suspect this guy has never achieved even on sim, breakeven on daytrading futures. Where the good review of the position trading somehow got his daytrading practice going again. I would agree as you mentioned earlier, it looks more like a showcase for selling the itchimoku cloud indicators. And the windows are too small making the indicators look blocky and squished with the price bars. Hard to read if being… Read more »
Pete
Guest

Dean should stick to his bread and butter, stocks and options. Only faux trader Grinch claims to daytrade futures, stocks, and options for a living. BTW serious actual traders look at the DOM not Grinch price bars falsely marketed as for “serious traders”..

Pete
Guest

Grinch trades forex too, like Santa Claus he can go down multiple chimneys and be in different areas simultaneously.

Cyn
Guest

Is that loss on 1 contract? Or is he trading multiple contracts? IOW, what is his average loss per contract? That is a more meaningful measure than the absolute size of the loss.

Rob B
Guest
He mostly, 99%, of the time is only trading 1 car. But it is worst than just the things I mentioned. He shows no stats or keeps any track record and as far as I know TS starts you out with a $100K account in sim and if you look at the purchasing power on that screenshot, that would mean he has already lost 1/2 his buying power. But to even confuse his members more he will all of a sudden introduce a longer term options buy. Just more of a circus act to confuse and IMO a smoke screen.… Read more »
Cyn
Guest

Thanks for the report. As you have said multiple times, “microscalping?” Play the Powerball instead. 🙂

Rob B
Guest

Someone that actually read my posts. Cool!!!

I still am the BIG fool and check these microscalpers out once in awhile, though very very rarely these days.

I think Emmett’s only highly rated microscalping site suffered the Emmett’s curse.

rtchoke
Guest
I think the microscalper TR’s are doing that because they know that the beginning traders are thinking they can risk $40-$50 and then make $400 (that’s the dream that Rob B is talking about). Using a 40 tick stop to daytrade? Seriously. How many times during the day do you think you’ll get the 40 tick move and if you lose the first 40 ticks then the next 40 profit only gets you to b/e. You can daytrade successfully but not using that sort of stop and most likely not microscalping for a couple of ticks. It’s the microscalper “dream”… Read more »
Cyn
Guest
Actually 40 ticks on /CL is $400. Not an unreasonable initial stop, provided your targets are large enough, where they probably are feasible on an instrument with such large volatility. NB: such a large stop would be necessary on anything as volatile as /CL. That is why /CL should really be left alone by retail traders, and left only for institutions that are trading other people’s money, and have no real skin in the game. However, per Rob’s report, the real issue is that he does not seem to have reasonably sized cojones to be trading /CL, and brings the… Read more »
rtchoke
Guest
Hi Cyn, my take on CL is somewhat different. (1) retail traders can trade CL. It depends on what time frame you are trading. If you entering on a 3 or 5 min chart and basing it on the entries and targets on a 15 chart, then you can use a much smaller stop than 40 ticks, assuming none of the bars is larger than your stop. One of the problems new traders face is determining where the trend is and that is defined by the time frame you are trading, ie, the daily may be in an up move,… Read more »
Cyn
Guest
Trading /CL on a timeframe as fast as you are talking about, it just asking to get murdered. I have seen /CL jump 9 ticks between trades. 4 to 6 ticks is not uncommon. 3 minutes on /CL is buried by the usual volatility of the instrument. Of course, you can use tighter stops than 40 ticks, (especially if one is intemperate enough to try to trade as volatile an instrument as /CL, on a 3-minute chart). I was just pointing out that for /CL in particular, 40 ticks is not an unreasonable INITIAL stop (on a reasonable time frame).… Read more »
Cyn
Guest

/CL pretty routinely makes several 40 tick moves in a day. Heck 100 ticks moves are not that uncommon.

rtchoke
Guest

Yes, there can often be several 40 tick moves in CL during the day. My point is “are you in at the bottom of a move up or entering nearer the top” (vice versa for a short). Yes the moves are there. Can you actually get in one in time to grab the 40 ticks. That’s the catch. Easy to say (or see), harder to do.

rtchoke
Guest
One more thing. I’m suspect of someone using a stop that has nothing to do with the actual chart that’s being traded. 40 ticks or 100 or 500 doesn’t matter to the market just like saying 2% or 3% of my account is what I will risk because that is the amount of financial pain I can endure. The market doesn’t care about your pain or endurance level. If the stop has nothing to do with the chart, then odds are the market will find you. Using an INITIAL stop is the same as a “stop”. In markets like CL,… Read more »
Cyn
Guest

Remember when I said this: “Stops must be appropriate for the movement of the instrument and the size of the account. “?

That is pretty much what you are saying, in much better detail. I assumed from the way that you comment, that you already knew that, which is why I did not bother to go into so much detail.

I agree with everything that you say in this last post.

Cyn
Guest

“Yes the moves are there. Can you actually get in one in time to grab the 40 ticks. That’s the catch. Easy to say (or see), harder to do.”

On that one, you will never get any disagreement from me. Like everybody else, I am a gazillionaire hindsight trader. Now real time, I am just mildly successful. My methods are so boring, that if I started a TR, nobody would stay.

rtchoke
Guest

Haha. Yes, my paper trades were always winners. In hindsight I’m still probably only 80/40!!!. i’ve been trading since 1998 and it took me a long time to develop a system that worked. So when you say your methods are boring, I say “boring is good.” And “mildly successful” puts you in the 5% of all traders. Congratulations.

dtchurn
Guest
Good point, it sounds like from Rob’s trial that the room doesn’t seem to indicate much prior experience on scalping CL and it also sounds like not much of edge if he is trying to scale down some of his longer time frame methods to a couple hours of intraday scalping futures, where his target wins are not making a consistent ratio edge to the stoplosses. I suppose the room was started to lure in those still buying into the intraday scalper dream and then pitching the itchimoku and other courses, after overall attention was brought to the good review… Read more »
Farah
Guest

Rob B, i think trade maker is the only one showing positive P&L so far

Rob B
Guest

Please dont use my name in context of promoting some trading website. Where is there any proof Trade Maker day trades profitably. I do not even see where he has a trading room, just educational nonsense.

Farah
Guest

Promoting a website? I did no such thing, I looked up a trade room that received a positive review from Emmette and simply looked at their PnL posted on their site.

Are you implying that Emmette is promoting these fraudulent websites by giving them positive reviews?

Rob B
Guest
Give me a break. A 2 year old review with not a single update. Even Emmette admits he got scammed in the past. This guy showed no brokerage statements or proof he is even trading live. I commented about his website and how I saw no slippage in that thread. Also, not sure about now, but back then no free trail. You had to pay $3500 or so first. If this is guy is for real then he must do the following. Anything less than this for me is just TR scam artist 101 1) Offer a free or low… Read more »
Farah
Guest

Then Emmett must do the logical and decent thing and pull down these old reviews if he can no longer vouch for them. There are people who are making their purchases solely based on the positive review done by Emmett,

Rob B
Guest

There we do agree. I think Emmett really does not give this site the attention it needs to do it justice.

Even his Best TR is not up to date.

I guess it is way to much work and no money to be made.

kenneth
Guest

I think you can safely assume to avoid a trading room or service if either of the following is true:

– it has a negative review on tradingschools.org

– it has no review on tradingschools.org

-it has a positive review on tradingschools.org

– it has a neutral review on tradingschools.org

Rob B
Guest

LOL!!

That is one of the most truth post I have read.

Look anyone that can consistently trade profitable is not running a trading room. Everyone taking their entries would effect their own trading. That is how trading works.

All you have is unprofitable traders teaching trading. Actually it is worst than even that, as mostly what you have is con artist teaching complete nonsense fantasy world trading.

dtchurn
Guest
It’s a shame this was a good review too at least on position trading on stocks and options. Why self-sabotage starting a futures morning trading room only after Emmett’s review? A room showing a bunch of losing scalps on sim. Not much different from watching a bmt newb playing trading on sim. Thought the review said he was already financially well off. The itchimoku fad was long past on bmt. Makes me wonder if Emmett really saw what he saw as proof. Some of these sham vendors hire expert web designers and coders and also spend churn money from newbs… Read more »
Rob B
Guest

itchimoku cloud – another magically indicator. You could just as easily substitute it for a lots of other indicators.

The number of indicators I use to Trade – Zero.

Pete
Guest

The question is whether day trading futures can be done profitably with or without indicators to earn a living. No it cannot. Move on, legal escort work, organ donation, sperm donation, blood donation all offer more possibilities with less risk than day trading futures. Emmett when are you going to expose the predatory futures brokerages sponsored by shady forum owners?

Emily
Guest

Then where and who can new traders learn from? They have to learn from someone or somewhere. Even the profitable traders must learn from someone or some places at the beginning. Do you have any recommendations?

Rob B
Guest
Most people that come to this type of site when they say trade are talking about day trading where you micro-scalp some highly leverage highly volatile instrument. And why do they want to do that, because they are complete underfunded and think they will make their fortune day trading. Yes so many of the riches folks in the world are day traders. Hmmm, actually there is not one. I give it the same odds as making money playing PowerBall and would give you much high odds of success by betting on the ponies. So actual my advice would be to… Read more »
Pete
Guest

Dr Grinch still has a lot of believers in his skewed risk:reward ES microscalping, in fact, his church following is stronger than Dean’s as we can see on futures.io blather rinsing and repeating. The foul smell left lingering by Dr. Grinch explains the glowing review for Dean Jenkins, quite a contrast indeed. Dr. Grinch wrote in the books poker felt too much like gambling compared to trading. I guess “trading” is a user-defined variable, starting a trading room can be seen as a trade, a high-probability trade not to be found in futures trading.

dtchurn
Guest

I recall Shadowtraders would show their entries yet their sessions were short and separate and spread out over the day and week. So the sim losses would be glossed and the track record inconsistent. And all the while they claimed it was “live trading” until the CFTC caught up to them and fined them.
http://www.cftc.gov/PressRoom/PressReleases/pr7253-15

Leela
Guest
Interesting stuff. I signed up for his options and stock pick service as his track record seems good, and his trades have been going well (for me too) the last few months. Then this great review of Emmett happened over a month ago, which further reaffirmed my believe. In any case, he just recently started trying to sell the relaunch of his trading room: ————————————————————- List Price for this service will be $59/month Pre-Launch special for just $39/month a 35% Discount! If you subscribe now, you keep the discount price for life Cancel at any time No questions asked, No… Read more »
kenneth
Guest

But him being a terrible day trader doesn’t keep him from selling his day trading room service and make statements about how fantastic it is… It speaks volumes about the guys honesty and integrity. For me it means I can’t trust anything this guy is doing, including his swing-service.

Leela
Guest
Yeah, I don’t know. His ‘swing’ stock picking seems to work okay. Well, I hope? We actually only have Emmett to trust that his performance claims are accurate and match his actual account statements because only Emmet has seen those. As for his day trading, idk. He started pushing it lately. I signed up, haven’t actually been to one yet (first one is Jan 3 when market opens) but I saw all the recorded videos for 2016 on his site, so went and started watching them and this is what I saw. You don’t have to take my word for… Read more »
dtchurn
Guest
Thanks for sharing your experience in the new live trading room Leela, which confirms my suspicions it was probably motivated from the good review on TS, similar to how Soares’ TFIA raised their monthly churn room fee from $150 to $300 after it’s own good TS review , and now the fee is $400/month. You also bring up two common scam tricks in your anecdote. Using multiple sim accounts is what Felton did to seem like he was starting off with an ongoing “winner” in his trade room, or otherwise used to fudge up a winning record choosing among the… Read more »
kenneth
Guest

this review doesn’t make any sense at all, Emmett,

Please dig a little deeper on what this guy is doing besides the stock picking service, before calling him honest and genuine.

Stray Dog
Guest

Well, this is a post that’s crying out for more detail.

Rob B
Guest

In his Future’s Room he is trading sim and showing no track record. He lost $450 Today and $850 yesterday on numerous trades. And that was in Sim, if live I am sure the losses would be much greater.

I see no evidence this guy can day trade profitable and is using it a ways to sell his ichimoku cloud trading course.

Emmett did not specifically review this room, but he did give him 5 stars for honesty.

dtchurn
Guest
Thanks RobB for checking out the room and relaying what you found. Disappointing to hear it was another sim sham and not even a good one. In the review it sounded like he was financially well off, yet he still does the same vendor marketing nonsense such as “30% off”, “limited time for seats”, emails passed on to ‘random turds selling something’ that seasoned retail traders are so tired and sick of. Ok, anyone would want to keep up a new income stream, but doing a similar sham as a regular scam vendor really puts a damper on the goodwill… Read more »
Pete
Guest

Atleast he showed his losing trades. If I read he said he day traded futures for a living I might be disappointed. They are some gurus who are worshipped without even showing trades at all, just loud-mouthed blathering, can you believe that?

dtchurn
Guest

RobB already said the host is showing no track record. The room sounds like any other sham room making calls and trying to gloss over the losers with occasional distractions and smokescreens. The sign in page says “Live Trading Room” in the biggest letters yet, RobB said it was just sim. He isn’t very good at putting on a slick kool-aid show like seasoned room vendors like ValdemaKonzaganaga as it seems to be his first daytrading room.

Pete
Guest

Subtle slickness is the best way to enthrall, manipulate, exploit and destroy, as Doctor He-Who-Must-Not-Be-Named has shown.

Pete
Guest

The fact that Rob_b has an idea of where he entered, lack of profit target, where his tight stops got taken out, etc shows he is showing some trading info compared to some trading room scammers who just mention their winning trades after the fact.

dtchurn
Guest
And there are plenty of scammers who show or say where they entered and were they stopped out. And they can do so using delaying tricks, but show no record of losses at the end of the day or in fact show an incomplete record like DTP did. WT had plenty of entries and stopouts yet said he would just type what he did on his chatbox which was often not updated or even believable at the end of the session. If the scam tricks such as “Live Trading Room” are not disturbing enough then the room welcomes kool-aid believers… Read more »
dtchurn
Guest
I didn’t say calls and stops were not shown on the screen. I said RobB said “no track record” which means there is glossing over results. And there is sim, which means host is not trading live like it seemed to imply in the ad. You have plenty of vendors and rooms that had shown called entries on screen such as Felton, Shadowtraders, TradersHelp!Desk, Valdemar Kongzana though it is hard to follow as it is semi-auto, ad nauseum. They still fudge their results at the end of the day or the week to gloss over folks seeing their losing sessions.… Read more »
Jonny
Guest
Well, I joined FollowMeTrades future site and here is what I saw: 1) Chat which does not allow you to see other member’s posting, so Dave can pick and choice which question to repeat out loud and answer and no one knows what others are asking, 2) Sim trading only, and 3) No track Record what so ever being maintained. When asked about this, Dave said it is for educational purposes only. Any trader trading Sim for educational purposes only is not a profitable trader. First, sim trading is total misleading. Today, for example, Dave took numerous trades for a… Read more »
Lucas
Guest
Simmy I see the new room for Futures. Perhaps it could be a better use of your time? “Follow Me Trades, LLC Terms of Use and Disclaimer Updated 9/23/2105 ” Is the same guy from Back to the Future trading? “List price is $39/month but you can get in NOW for a 31% discount: Only $27/month .. filler.. Special offers for Trading Room participants will be made. (up-sell to the weak minded?) WARNING: Space is limited and this LIVE TRADING ROOM is expected to fill up.” List price, Warning space limited..fill up.. Are Americans [I]pathologically[/I] incapable of pitching without some… Read more »
Pete
Guest

Guess you’re right about Americans. Al Brooks said on his webinar site that he enjoyed sharing his ideas but might stop the webinars at any time if it interferes with his trading, similar to limited space.

Fara
Guest

When are Al brook shills like Pete going to get banned around here. This guy keeps promoting Al Brooks in every single thread, every single day !. It is getting to the point that every new comment on this site is Pete promoting Al Brooks over and over again. Like we can’t have any discussion without Pete in here promoting Al Brooks. Hi Pete how much is Al Brooks paying you to keep him relevant on this site?

Pete
Guest

Wait until the CFTC update on Brooks, he’ll be holed up with Dufresne of Schooloftrade soon, then the good guys like me and Dean will be able to relax.

Lucas
Guest

You mean the shills do this in every thread? I thought I was getting obtuse special attention. Keep publicizing the name good or bad worked for Trump. It’s not just Pete unless they are all Pete. Better one really awful guy than 4 or 5.

Lucas
Guest

Not quite the same however Pete?.. the dragon was named Elliott not Lucas.

“NON-PREDATORY AND RESOURCE-STARVED FORMS OF CARBON-BASED LIFE.”

Look I get it, your a vegan and everyone in your real life wants you to stop going on about it all the time so you need a release. Elliott, ok. so Lucas is pretty close. I will protect you little like the little boy in the story. I am quite choked up you chose me.