Dean Jenkins of Practice Me Trades Will Be the real deal. The track listing is actual, the trading signs are simple and easy to followalong with the support transparent.
This isn’t a day trading support. Average trades continue 4-6 months in length, and are mostly trend after. Lots to enjoy. An extremely pleasant, and very real man is running this enterprise.
User Review( votes)
Thanks for today’s review of Follow Me Trades
Follow Me Trades is a stock picking, and trading educational service. The business is owned by Dean Jenkins, operating out of Olympia, Washington.
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.
TradingSchools.club began receiving requests to review Follow Me Trades as early as February 2016. In total, TradingSchools.club 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 signify a start account balance of $100,000. Each transaction of this service reflects 2% of their current account equilibrium. And therefore my next step was to begin consciously following the ceremony.
By August 2016 during October 2016, TradingSchools.club started tracking the outcomes.
For the recorded interval, everything seemed to be precise, easy to monitor, and simple to record. The transactions are sent out through email and site upgrade, the evening before the market opens. The entrance cost has a crystal clear stop-order entry cost, a stop-order reduction, and a gain goal. Really straightforward. And quite simple to execute.
Along with this daily upgrade, the service also comes with a Wednesday evening, display sharing upgrade with Dean. He moves over each of the transactions, both the winners and the winners, and provides an update on where he believes the industry is going. Truth be told, I discovered the Weds evening upgrade fairly dull. If I were able to condense his strategy, and eliminate the technical jargon, then it would be the Dean Jenkins is a trend dealer. He belongs with the fad. I’m not a huge proponent of Fibonacci and Ichimoku, and believe that the majority of this type of material is merely carnival show mumbo jumbo.
A closer evaluation of this operation record, which comprised over 125 transactions, revealed the transactions are an even combination of short and long. If the transactions were long transactions (ie purchase and maintain ) then I’d be leery of this track record. Why? Since the stock exchange, because 2008, has just gone higher. On the other hand, the outsize operation of brief trades, through a bull market suggests a high amount of skill. It’s reasonable to state that Dean’s listing at shorting is quite excellent.
Some readers may be tempted to conclude which 125 recorded trades is rather low. Each transaction lasts 4-6 weeks.
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.
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…
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…
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.