Not easy locating a penny stock, day trading support which truly makes money. Sean Dekmar of all Dekmar Trades is a pretty great day trader. A little light on trading performance, but he is also a young man with a great deal of upside potential.
If your fantasy is to sling penny stocks for daily gains, then Dekmar Trades might be a good place to start learning and earning.
Performance verified with actual brokerage statements.
Thanks for reading today’s review of Dekmar Trades
Dekmar Trades a live day trading area and also a stock trading instructional company. The owner of the business is currently Sean Dekmar. The expense of this service is a flat $60 a month. In the time of this review, there aren’t any”upsell” classes, mentorships, DVD’s, or even super-secret signs that members should also subscribe also. It’s merely a cheap small trading area at $60 a month.
Therefore, in the event that you subscribe to the monthly chat room subsequently TradingSchools.club gets the princely sum of $12 per contributor. However, I wanted the viewer to know about the possible conflict of interest.
The next thing I wish to talk about is my first opinion of Dekmar Trades–from Day 1I moved to this review 100% convinced that Dekmar concessions proved to be a scam. In reality, I wasn’t going to write about the corporation. The web site has almost zero traffic, and barely anyone contacted TradingSchools.club to write a review. In the last year, just 3 folks asked about Dekmar Trades. I am rather sure the”three individuals” that requested for the inspection were really Sean Dekmar himself.
Why write a review?
Sean Dekmar pestered the hell out of me to write a review. Normally, trading vendors will squirm and avoid a TradingSchools.club review at all costs. The TradingSchools.club website is 99.9% negative reviews. And so I usually have to create multiple personas in order to initiate a conversation about a potential review. Vendors are fearful that something negative will be written.
What is interesting about Sean Dekmar of Dekmar Trades is that he just kept after me and demanded that I attend the live trading room. Eventually, using an alias, I attended the live day trading room for several days.
Inside the Live Trading Room
One of the first things that I noticed about the chat room is that the community is pretty vibrant. For a relatively unknown stock trading chat room, I was surprised to see dozens of people communicating, with plenty of interesting banter going back and forth.
The next thing I noticed and caused me immediate concern is that Sean Dekmar loves stocks priced $1 – $10 per share. The dreaded penny stocks. Normally, when I see anything even remotely affiliated with penny stocks…I think of Tim Sykes. Visions of “trader porn” fill my head. At any moment I thought that I was going to hear Sean Dekmar start rambling about his newest Lamborghini or 5-star vacation to a tropical paradise. To my surprise, Sean Dekmar doesn’t do “trader porn.”
Instead, what I witnessed was a single guy that is totally obsessed with day trading the market. And I mean really obsessed. For the time that I spent inside of the trading room, it was not uncommon to see Sean commenting for 8 consecutive hours. There is no way in hell that I would be able to sit in front of a screen, hour after hour, day after day.
I guess the point that I am trying to make is that Sean Dekmar is very focused on that trading screen. He obviously has no other job, unless he is doing something extra in the evening.
In reality, I’m highly suspicious of pretty much all day trading solutions. What really intrigued me was if this man might sew penny stocks and really make any money (with a retail broker account). So next step was to monitor his alarms and maintain a record of exactly what he had been advocating.
After maintaining a respectable’scorecard’ of his intraday trading alarms, I contacted Sean and disclosed that TradingSchools.club was really trolling him using an anonymous character. It was time to get the litmus test, I wished to determine brokerage statements. I wished to confirm this dude was really trading. To me, he really consented and sent me a digital swimming pool of broker statements. 1 thing that I can say for certain, he can transaction…a good deal. And his commerce size is very, very tiny.
And my second major concern was that lots of his transactions weren’t really known inside the live trading area.
Tracking Live Results
Instead of publishing a swamp of brokerage statements, containing trades that were not actually called within the live trading room, I asked Sean Dekmar to clean things up. What I really wanted to see was an actual brokerage statement that contained each and every trade that was actually called in front of the live trading room.
We next agreed that for an entire month, he would only execute exactly the trades being called inside of the live trading room. And for the entire month, I wanted to see the end of day live brokerage statement that verified, each and every trade. And I wanted the daily account statements sent via email. The pressure was really on. But he really wanted a good review, so I laid out the framework and he agreed to everything. What I was hoping was to create a scenario where a “newbie” could see, in black and white, in granular detail what this guy was actually doing.
Truth be told, I thought he would fail miserably. To my surprise, he did the following…
TradingSchools.club started tracking daily account statements on March 6, 2017. The following are all recorded trades from March 6 – March 29.
So, for the 20 days that we live tracked the trades, Sean Dekmar earned a total of $3,607 in trading income. These were the actual trades that were live tracked from just the live trading room. There were a couple of trades that TradingSchools.club missed during our live tracking which actually increased the monthly total to $4,062, but was not included because they were out of the tracking time range. We kept the final tally at $3.6k.
For the month of April 2017, we are only at 2 trading days. I decided to include both days, which gives us a month of live tracking. +$402 and +$78 for April 2017.
What Sean Dekmar Learned
In speaking with Sean Dekmar about this last month of live tracking, he learned a few things. The first is that it was incredibly stressful having me watching his every move for an entire month. It is one thing to ‘sling’ trading advice like a rowdy drunk, but it’s an entirely different animal when someone is eyeballing and recording his every move. I can imagine it was not fun. But I also believe it was a good experience because it really sharpened his focus and forced him into only taking the most choice trading setups.
It would have been a real disaster if he would have crashed and burned. But it would have made a great story to write about (people love crash and burn stories). In fact, I was 99.99% sure that the review was going to be a dire warning for anyone day trading penny stocks. This did not turn out the way I had imagined.
Penny stock day-trading is not for everyone
Personally, the amount of effort and stress involved with day trading penny stocks does not fit my personality. Too stressful. And for the majority of people, this type of trading is going to end badly. But for a few, that are willing to sit in front of a trading screen for 8-hours at a stretch…it might a good job. I think that the best thing that Sean Dekmar has going for him is his extreme competitiveness and his youth. Old guys like myself just don’t have the mental horsepower to remain engaged for such long stretches of time.
Also, I am really curious if Sean can keep this thing going for the long term. I can only imagine the stress and efforts that this young guy is putting into trading and running a live trading room. It is one thing to trade, it’s a whole different animal when you have to trade all day, and then sit for hours and teach people how to trade. Time will tell. Hopefully, I can report back in a few months with more solid performance.
And if he crashes and burns, that will also make a fine story.
Thanks for reading. Don’t forget to comment. And if you sign up, remind him that you are a TradingSchools.club reader…and we continue to watch.