Dekmar Trades Review
Dekmar Trades is a day trading chat room run by Sean Dekmar. The chat room specializes in momentum trading and other similar trading styles. Dekmar Trades also offers a library of educational videos and the option to buy stock market scanners. Read this review to see if it is worth the price.
About Dekmar Trades
Dekmartrades.com is a trader education website offering chatrooms, trading alerts, watch lists, newsletter, trader training, community forums and various merchandise. The site was launched October of 2015 by Sean Dekmar, who turned $2,000 into a fortune. Dekmar decided to shift focus to training, coaching and educating traders worldwide. In less than four years, Dekmar has gained a popular following that has grown well over 3,000 members throughout 20 countries worldwide.
Dekmar’s Style of Trading
Sean Dekmar is primarily an intraday momentum day trader with an affinity for scalping penny stocks (under-$1 to $20-per share prices). He shares his custom-built scans on the Trade-Ideas platform, which focus on low-cost stocks moving on news, events (earnings) and momentum. He is quick with his entries and exits, especially stop-losses. This is a major key to his success, always cutting losers early. Dekmar surrounds himself with many skilled traders as moderators and encourages a community approach to helping each other throughout the chatrooms.
Some of Dekmar’s favorite set-ups are based on breakouts, breakdowns and pullback entries (continuations). These include bull/bear flags, pennants, mid-candle breakouts and especially triangles (ascending for breakouts and descending for breakdowns). While these may seem elusively simple, Dekmar has mastered the precise timing of the triggers and innate ability to gauge when a set-up is losing steam quick enough to stop-out with little damage.
While penny stocks are the riskiest to play, Dekmar offsets that risk by limiting exposure to intra-day, rarely taking overnights. The one-minute chart is his scalping weapon and five-minute chart is used for determining short-term trend with support and resistance. On swing trades, he takes smaller shares to offset the risks using larger time frames primarily the daily chart with a 13-period and 50-period moving averages. Swing trades are usually pointed out in the morning newsletter first or start off as intraday swings that are taken overnight for larger moves.
Dekmar provides many types of trader education content for members. The most comprehensive content can be found in the Video Library, which ranges in topics for setting up charts to trading earnings season and pre-market buying strategy. The subjects are diverse and Dekmar’s voice, pitch and presentation is extreme easy on the ears and pleasant to listen to. He has a knack for simplifying complicated issues. Not to be nitpicky but I’ve been in too many rooms with extremely unpleasant voices and delivery that make it unbearable to sit through.
Dekmar is a believer that public companies hire traders to advise when to time press releases and seasoned traders should expect fundamental catalyst to precede the set-ups. As they say, the message gets lost in the delivery, unless the delivery is pleasant.
Dekmar Trades Chat Room
There are five chat rooms on Dekmartrades.com. While this may sound a bit overwhelming, they are surprisingly effective in keeping chat matter segmented to enable members to focus better. Technically, the chat room are more like chat windows: Trading Chat is for pointing out set-ups, Public Chat is for social comments, Profits Chat is for posting individual profits, Alert Box and then his live stream of scans.
Dekmar stays engaged with commentary constant commentary throughout the day where he’s scanning, pointing out patterns and suggestions along with alerts. When the action dies down he also takes One-on-One questions in a special window. There is very good transparency in terms of explaining before, during and after trades are made. I’m very impressed with the depth of education, transparency and engagement in the room.
What Type of Trader is the Service Best For?
This service is great for newbie traders and seasoned traders who have an affinity for intra-day scalps as well as overnight swing trades. The training and constant navigation and narration by Dekmar and his moderators is intensive and shows a commitment to trader development that is rare.
Is Dekmar Trades a Good Value?
The monthly subscription rate of $59.99 is an extremely cheap price for the valuable content you receive, which includes: morning newsletter with watch list and stock of the day, chart set-ups, live feed of Dekmar’s scans with audio commentary and alerts window to piggyback trades. Dekmar is also profitable and has a high win/loss ratio on his alerts close to 3-to-1 from what I’ve seen. The video library is included with the monthly subscription. There are also discounts for the Bi-Annual Subscription for $324 and Annual Subscription for $599 prepaid, which include a t-shirt and hat too.
For those who want to be more independent can buy Dekmar Trade-Ideas Scans programmed around his methodology, these include: The Pre-Market Package is $399, which includes pre-market gappers and dumpers. The Live Trading Package includes Top Gainers/Losers and Mid Candle Breakout Pattern/Bull Flag, High of the Day Momentum, Breakout, 5-Minute Reversal, Consecutive Candles, Low Float, Previous Day Runners and Parabolic Movers scan are $149 each or $599 for all the scans. The Post-Market Package contains four scans for $599. You need to have a subscription to Trade-Ideas.com to enable the scans.
- Cheap monthly rate of $59.99 and no upsell to “elite” status like other rooms
- Full transparency on Alerts and trades taken with updated portfolio window
- Free expansive and growing Video Library
- High win/loss performance
- Tight community of traders openly willing to help each other
- Unparalleled continuous narrating and engagement by Dekmar
- Segmented chat rooms keep the noise and clutter down
- Penny stocks are risky with thin liquidity causing more slippage
- Order fills can be difficult at Alert prices