Dan Parker’s True Trader Review: Day Trading Community Pros, Cons, and Alternatives

What Are the Pros and Cons of True Trader?

Pros:

• Live, daily screen-share during the first trading hour so you can see trades called ahead of time in real time.
• Access to proprietary stock scanners, indicators, morning levels, and a members chat/community.
• Structured masterclass and content library to learn the specific strategy they teach.
• Some reviewers mention that pre-market plans are clear and calls are made before entries, which helps students learn setups in real time.

Cons:

• The fast-paced scalping style isn’t beginner-friendly and can be overwhelming to follow live.
• The overall cost can be high compared to other trading communities, especially if you don’t trade consistently.
• Limited verified information about long-term student success or consistent profitability.

Price: True Trader Essentials membership costs $195/month (regular $295) or $1,495/year (regular $2,495).

Refund Policy: True Trader offers a 30-day partial refund for 3-month or 12-month plans.

What Is True Trader?

True Trader claims to be ‘a group of dedicated and focused traders all working towards the same goal. Excellence. With the pursuit of excellence comes freedom’.

Dan and the other gurus on the platform work hard to ‘pinpoint accurate Key Inflection Points and give the members a pre-market trade plan as well as the exact criteria we need to see in order to take the trades’.

These KIPs are then verified everyday online when the market opens and Dan goes live with his Long/Short strategy session.

Here’s some info on what you get when you join True Trader.

Preliminary Info

• Dan’s approach only takes 1 hour each day: stock opening
• You’ll be exposed to education that favors high-quality, low-risk trading
• You get a trade plan 15 minutes before the market opens that includes things like buy/sell zones of particular stocks on watch
• With hours of content, the masterclasses allegedly prepare you to utilize their strategy on day one
• You’ll have access to True Trader scanners to find the perfect setups for low-effort trading
• Live Community Chat with all other members of True Trader, a close knit community of people following Dan and the other teachers

What Is Inside True Trader?

1) Chat Room

The first, and probably most important part of the content you can access is the chat room.

This, my friends, is where the magic happens.

It may seem chaotic in the beginning–or downright scary–as everyone is calling out stocks that are about to rocket or plummet.

It’s easy to start to feel panicky, like “oh gosh, who should I listen to!?”

But once you figure out who the ‘pros’ are in the chat room–like Dan, Adriano and linusk--you’ll be able to identify the characteristics of someone who is worth following, and the traits of someone you should ignore completely.

There are also rooms where you won’t be able to post, like the one above, unless you’re a floor trader or a mod.

That’s where all the bosses post their suggestions on what to do.

The chat room is of pivotal importance.

It’s here where you’ll get advice from the pros when you’re not trading live.

You’ll want to spend a lot of time in the chat room for sure.

Not only can you get tips to make money, but it’s also a great place for learning about trading in general.

You can really just sit back, watch the pros at work and learn through their experience.

In the example below, the moves that rickyanalog’s makes show how you can short–borrow a stock, sell it, and then buy the stock back to return it to the lender–while continuing to cover your bases if the price goes up or down.

There’s so much you can learn from people who have been at it for a long time, but the time will (and should) come when you’ll want to branch out on your own and put all of your newly acquired knowledge and skills to work.

2) Courses - Strategy Masterclass

There are currently three courses in this section and the first one is what you really paid for.

The Strategy Masterclass aims at getting you up to date with Dan’s scalping techniques.

This is definitely not for beginners, and the very basics of trading aren’t covered here.

Dan announced that he’ll be posting more newbie friendly material in the future, but for now you better have your trading abc’s up to a tee.

If not, you’re going to be running for the hills.

In the course you’ll be taught the aim of Dan’s game which is to dive in & out and scalp a profit ranging from 2% - 5%.

Seems easy enough?

Dan makes it look that way.

Dan shoots for a win rate above 75% with the average winner being 2.3x larger than the losers.

If tested and proven, these percentages would be insane.

Your wins could easily cover your losses, and depending on the size of your portfolio, you could be seeing wild profits pretty early on!

The suggested amount to jump into True Trader is around $25,000, but if you have less, don’t give up!

If your account is below $5,000, they recommend playing the options on the large caps, or trading the small cap stocks for quicker growth. This is something that is taught in the Monetari Fund .

Regardless of your portfolio, in this course you’ll learn all about pre market analysis, custom trading files, and custom support/resistance zones.

And of course, you’ll learn to use Dan’s own proprietary scanner, which allows him to pick out the right stocks ahead of time.

Once you know the basics, you’ll be able to understand the daily live trading chats much better, and you’ll be more confident in going solo!

Broker: ThinkorSwim

ThinkorSwim is almost the default platform to trade on.

Dan and other big shots on True Trader use it especially for its simple and easy to use interface.

The electronic trading platform created by Ameritrade is already quite easy to use, but this small tutorial will teach you how to apply bands, resistances and Fibonacci percentages in no time.

It’s constantly being voted best electronic platform to trade on, so I’d definitely go with this one.

Broker: Lightspeed

Lightspeed Trader is the flagship trading platform of Lightspeed and one of the best trading software platforms available on the market.

It continues to be developed in direct response to feedback they receive from their customers.

The result is a highly personalized and intuitive software.

It’s the perfect solution for day traders and comes in at a close second behind ThinkorSwim.

Either way, the tutorial really explains everything you need to know for quick daytrading on this platform.

3) Tutorials

In this section of the platform, you’ll gain access to shorter tutorials which are designed to make your life easier.

Again, these aren’t beginner level.

The first one is pretty basic and deals with how to set up your chat signals.

Is there some special trader you want to be notified of at every post?

Ditto.

Someone you want to block?

Done.

It’s all pretty straightforward.

The tutorial on how to set up your charts is definitely more useful. There’s also a basic round up of the basic settings on a candlestick chart that may help you identify the highest, lowest and closing prices. You’ll even learn about repeating patterns to aid you with Technical Analysis.

It’s all here, although there shouldn’t be too much to analyse if you plan on trading only one hour a day when the market opens.

The second course teaches you how to set up your morning gameplan.

Since it all happens so quickly and you’ll most likely will be trading only during the first hour from the opening of the stock market, it’s important to have your settings in order.

First, you need to be ready to receive Dan’s signals.

These are usually given to you before the market opens.

Ideally, you’ll have some time to narrow down on those two or three stocks he’s warned you about.

The more you work with him, the easier it’ll be to follow his instructions.

Second, make sure you have all your parameters set accordingly.

You’ll be able to pinpoint accurate Key Support/Resistance Zones along with a Professional Trade Plan which is posted 15 minutes before market open.

Having a game plan with the buy/sell zones mapped out, checked and approved by Dan before the day starts will no doubt help you stay prepared.

The third and final course teaches you how to take advantage of Dan’s personal scanner.

Dan’s Pivot Scanner will help you out three times during the day.

In the morning, his so-called ‘world-class’ pre-market scanner will find gappers that fit your criteria.

When bell rings, you should be ready to focus in on one stock and start scalping, either going long or shorting.

Just after the first hour, the scanner will also give you an intraday reading that will cut through the BS and show almost ripe setups to maximize profits.

Finally, you’ll also have the benefit of the aftermarket scanner.

This will help you find that aftermarket last snag of the day with more ease.

This is clearly the most important part of the True Trader service.

Dan rightly takes pride in having set up his personally tweaked scanners.

4) Trading Psychology Coach

One thing this platform offers, which I found pretty innovative and also a good resource for any daytrader, is a Trading Psychology Coach.

Dan hired world renowned coach, Kim Ann Curtin, to show how to work through some of the most common psychological blocks day traders suffer from.

There are 4 scheduled talks:

1. Ego/Inner Gremlins: she talks about struggling with your ego and inner saboteurs. One of the most common struggles aspiring traders face.
2. Fear of Failure/Greed:  they are two sides of the same coin and she dives into this with two of the members.
3. FOMO/Comfort with Loss: if you’re driven by FOMO and don’t know how to get comfortable with loss. Interesting nuggets of wisdom here.
4. Discipline/Lack of Proven Edge: how to incorporate discipline in one’s day to day life

Kim combines Wall Street business acumen with spiritual intelligence to help clients transform their lives and their trading.

This section is definitely a welcome addition.

It helps both seasoned traders and newbies alike.

This is the first time I see something like that implemented on a trading platform so, props to Dan for setting it all up.

What Are the True Trader Review?

This has got to be the first time that I came across so much negativity online when reviewing a course.

That and the lack of any details on who Dan Parker actually is or what he’s done made me prick up my ears.

Trustpilot Reviews

When you head over to the True Trader page on Trustpilot, the first thing you’ll be hit with is the impressive 4.7 star rating.

Given that there is a total of 148 reviews, that’s pretty impressive!

Let’s take a closer look at some of these reviews, shall we?

The Good

When you’re thinking about investing $695 and then $149/mo after that for an indefinite period of time, this is the kind of feedback you want to see.

Even though this reviewer Christopher has not made any money from the True Trader program at the time he wrote this review, he still believes that the principles that he’s learning will help him to achieve big things.

This is a great perspective to have, because anyone looking to be an entrepreneur needs to be prepared to not be profitable for at least some time while they’re learning the ropes of the business model and getting their legs underneath them.

The Bad

I would say this is great feedback from someone who seems to have some experience in day trading. Earlier in this article, I mentioned that I did not think that this article would be great for beginners because a lot of the processes involved can be a bit overwhelming.

However, this reviewer has a different opinion, claiming that as a more experienced trader, there was nothing new that he learned from this program.

I don’t necessarily think this means that a beginner wouldn’t be overwhelmed by the whole trading thing.

The Ugly

Clearly Ali C has been around the block a few times. If all of this sounds like Greek to you, that’s because this reviewer is coming from a place of experience.

And when a person with this much experiences addresses such valid concerns, you should be listening, because it raises some red flags.

When I came across this review, I felt that it was one of the most real, useful and informative ones that I read. So I thought it was important to include here.

Reddit Reviews

Unfortunately, after leaving Trustpilot, things kind of went a little more downhill.

Reddit users were not shy about their feelings about Dan Parker’s program, and although there was some good feedback, there was also some that gave me pause.

The Good

It’s always great to hear that someone has made money off of a program that they’ve invested in, so that’s something I really appreciated about this review.

But here’s a guy who agrees with me–that this would be hard for a beginner to follow.

Overall, though, he says it’s been worth it for him.

The Bad

And this is where we really wrecked.

This person did not have a good experience with the program, even going as far as to mention that they considered the money they spent on the subscription to be “lost.”

Not a good sign.

Profits and Losses?

Before I forget, there is a key thing that I really feel like I should mention.

One thing that really caught my eye during the live trades is that Dan and other traders never show you their profits or losses.

Only percentages.

Strange, huh?

Their explanation is that it doesn’t help subscribers become better traders, so they only care about the percentage gain, and that’s what they’ll display.

This tactic, though, only works in favor of all the people calling this platform a scam.

A YouTube user by the name of Real P&L really nailed it when he subscribed for a month, and checked out how many days Dan’s claim of going above 2% gains was true.

As you can see from the sheet above, in 20 days of following the live trading stream, Real P&L saw Dan going above a 2% profit margin only twice!

He also noticed how not showing the exact amount of wins and losses was pretty strange for a trading platform.

If you were someone who won on a regular basis, you’d have no issue showing the amount of money you won and lost each day.

That would only benefit Dan and his platform!

Who Is Dan Parker?

I don’t know anything about who Dan Parker is, but I’ll tell you one thing: He might as well be a ghost. I can’t recall this ever happening before, but…your guess is as good as mine on this one.

I’ve been looking high and low, all over the internet and I hardly found anything about him. That’s almost unheard of these days. I mean we’re talking no Facebook page, no Instagram, no LinkedIn. Nothing.

I have no idea how someone can exist so incredibly off the grid while becoming a prominent trader at the same time…it’s a complete mystery. So after this underwhelming introduction, let’s get into the goods.

What Are Some True Trader Alternatives?

• Alex Temiz’s My Investing Club — A premium day-trading mentorship/community teaching scalping and intraday strategies, live trading, and chat support.
• Maurice Kenny’s VIP Trading Program — Coaching-driven day-trading program with video lessons and private/group sessions covering market analysis, routines, and execution toward “6-figure trader” goals.
• Ross Cameron’s Warrior Trading — Day-trading education emphasizing scalping, pre-market prep, and live rooms.

Is True Trader a Realistic Path to Financial Freedom?

True Trader is not a realistic path to financial freedom for most people because it teaches a model that requires fast decision-making, deep capital, and advanced trading experience just to keep up. Dan Parker’s strategy centers on scalping trades within seconds of market open, which makes it extremely difficult for beginners to follow or profit from. While the chat room and scanner offer useful tools, there’s limited transparency on actual profits, and no verifiable track record from the founder.

Is Local Lead Generation More Sustainable Than Day Trading?

In my opinion, local lead generation is more sustainable than day trading because it builds digital assets that grow over time, instead of relying on split-second decisions and unpredictable markets.

Comparing day trading to local lead generation is like the Cape Canaveral launch countdown versus the James Webb Space Telescope observation schedule. The countdown demands constant checks, weather scrubs, and split-second calls that drain energy and budget just to get off the pad, which is like the preparation required for day trading. The telescope runs long, planned exposures once calibrated, which mirrors how ranked sites deliver steady inbound leads with no daily campaigns and minimal intervention.

Why Is Local Lead Generation the Smartest Online Business to Start in 2025?

Local lead generation is the smartest business model to start in 2025 because it creates income-producing websites that work for you long after they’re built. You’re not chasing trades or refreshing stock tickers, but you’re building assets that generate exclusive leads every month for real businesses. The startup costs are low, the margins are high, and once your sites rank, they run on autopilot.

One of my clients is Long Beach Expert Custom Cabinets, 3731 East Pacific Coast Highway, Long Beach, California 90755, 562-379-4300, https://longbeachcustomcabinets.com/. When 11 of my leads closed for $28,300 in 1 month, I earned $2,830 from 10% commissions.

If you’re looking to build a hands-free business with predictable income, check out local lead generation.