truetrader.net

4.6
4.6 Based on 221 reviews

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Dax Orr
After a solid month

After a solid month After a solid month. True Trader isn't worth the money in my honest opinion.1. First they bribed the community to provide positive testimonials for a return of 1 week of full day stock coverage, but after 2 days decided only 2hrs in the morning and then 2 hours at close. They didn't keep their word. After I called them on it in the chat room. Well they just banned me from the open chat room. 2. The opening bell is covered the first hour and hardly any a+ setups come. Maybe 1 positive trade per week by the moderator Dan. 3. People posting like crazy in the open chat about a certain stock also adds to the confusion. Most are just small caps or bio-stocks that are junk and delay the process in the morning.4. The morning watch report is just a wishlist for 15mins of the opening bell and 99.9% of the time is just that... a Wish on a hope and a prayer that never comes.5. The scanner they have... I tried hard the first 2 weeks of my review to watch it, but it is almost totally worthless and not anything your TOS scanner doesn't due already. It also is just another computer in the owners basement that hangs up all the time leaving stocks on the scanner that have no value. It's full of bugs and is no way an AI.6. If you have a small account... DO NOT SUBSCRIBE. They don't trade small cap stocks. most stocks being monitored in the ZOOM morning meeting are 50 - 200 per share. I should mention there is a small cap chat room, but like the rest of the chat rooms they are full of people just posting random stocks.7. The moderators of the Zoom meeting only give you A+ plays that only happen maybe once per week, but you can clearly hear their TOS buy and sell sounds in the background. They are trading stocks that do not follow the TrueTrader formula because they would hardly never make any money if they did. This is why they don't show the current positions they are in while trading live. They attempted it for a week, but the Moderator Dan grew frustrated that he was being to cautious in his trading and not filling his positions.In closing of my Review. True Trader is a developing business with growing pains that need to be worked out. The Scanner (AI) is 95% worthless and needs a lot of work. The chat rooms.. well don't voice anything negative, but it's really not worth being in anyways unless you like to post random stocks and positions your buying, then have everyone in the room say Great job if you made money or what where you thinking if you lost money. The morning report that they send you comes 15mins before the open via email and doesn't even begin to allow you to study it and put in the alerts in time.All in all True Trader is F+ with the only positive being the subscription process is simple, the website works and I never experienced any technical problems in the Zoom meetings and chat rooms. They have good video content, but isn't anything that isn't available if not worse than on youtube for free.

1
Date of experience: Jun 02, 2020

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