Follow Me Trades, Dean Jenkins, Vantage Point Software
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Honesty
(5)
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Quality
(5)
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Cost
(4.5)
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Support
(5)
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Verified Trades
(5)
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User Experience
(4)
Summary
This is now the 3rd review about Dean Jenkins of Follow Me Trades.
As usual, the service continues to deliver excellent results, and most importantly HAPPY CUSTOMER FEEDBACK.
With a bit of a twist, this review covers various topics, including a video review of Dean and myself talking about Vantage Point Software. This video is contained at the bottom of the page.
I would consider the topic regarding the legitimacy of Vantage Point Software to be a bit controversial. I gave it terrible review. At the other end of the spectrum, Dean gives Vantage Point Software a very enthusiastic recommendation.
Readers should decide for themselves.
Pros
Good user feedback
Subscribers can actually “follow the trades”
Multiple years of positive performance
Cons
Not for those “looking for excitement”
Dean uses Vantage Point Software. I am conflicted about its legitimacy.
Thanks for reading today’s 2019 update of Follow Me Trades.
This certainly is not my first time writing about Follow Me Trades. In fact, my first review was back in 2016. You can read that review here. In short, the overall rating was excellent. At that time, what I enjoyed most about this trading service was the transparency of the live trading results.
Dean Jenkins, the owner of the Follow Me Trades was very gracious and gave me a true insiders view of exactly what he does, and how he does it. Dean lives off his trading results. He truly “eats what he kills.”
However, it seems like whenever I draft a positive review, the trading educator’s performance quickly tanks. It’s embarrassing for me. I take these reviews very serious. Honest people buy stuff based on my opinion. As a result, I hardly ever write a favorable rating.
The follow-up review of Follow Me Trades
With quite a bit of nail-biting and personal worry, I watched how Dean performed over the next year.
In 2017, I drafted yet another review of Follow Me Trades. At that point, I had plenty of actual user feedback, and had participated extensively in Dean’s products and services.
Whenever you draft a review, there is a point where you must “let the ship sail” and hope it returns in good shape. From the user feedback collected over the following year, it was pretty obvious that folks were happy. The received personal emails and blog comments also confirmed what I suspected…that Dean Jenkins is a ‘good guy.’
But let’s also be honest, there were also some folks that were not happy. And they emailed me. They let me know why. However, even the people that were not happy — actually had nice things to say about Dean. In my opinion, Dean’s “No Questions Asked Refund Policy” was the reason.
Yet another reason why folks were not happy is that typically, they wanted more “action” or “excitement.” Dean Jenkins is probably the least flashy person I know. He doesn’t offer the day trading pornography we typically view on YouTube and web ads.
If you are expecting private jets, bikini models, expensive sports cars, and photos of exotic vacations on Instagram…you should look elsewhere.
Regardless, Dean kept churning along. Like a trusty old Toyota that belonged to your mother, he just kept running smoothly. And so, I drafted yet another positive review of Dean in 2017.
The 2019 Review of Follow Me Trades
Well here we are — it’s 2019. Do readers really want another slobbering review of Follow Me Trades? Not really. Its been over a year since my last review, so I thought I would try something a bit different.
And, in the process, introduce a bit of controversy. Let me explain…
About 6 months ago, Dean reached out to me with a “secret” and he “had something he wanted to share.” Whenever someone tells me they have a “secret” and they “want to share”… I get worried. But coming from the least exciting person that I know, it obviously could not be too exciting.
And so, Dean gets on a Skype call with me, and I thought to myself what this secret must be, like “Dean went to a strip club” or “Dean had a double helping of ice cream after dinner” or “Dean forgot to open the door for a lady.” Truly, that’s how nice this guy is.
Anyway, Dean says to me in a sheepish tone, “Emmett, you got one of your reviews wrong.”
He then goes onto say, “You wrote a negative review about Vantage Point software. That review is bad.” I then asked why? Dean then explained that while my review, pertaining to the slimy marketing was correct, that the actual product was quite good.
Truth be told, this was not the only highly successful trader that contacted me about the Vantage Point software review. In fact, Larry Williams also said, “your review is bullshit.”
Personally, I thought the Vantage Point review was amazing. I beat the hell out of them. I giggle every time I read it. Every flaw I could possibly find was ridiculed and lampooned to the maximum effect.
However, Dean is one of the most honest folks in the trading educational business. And he kept after me about Vantage Point. That I had to “make it right.”
Vantage Point, Dean Jenkins, and a new review.
After a few months of ‘back and forth’ with Dean, we decided to do something a bit different.
The following is a ‘video review’ of Dean and myself talking about trading, and Dean gives his thoughts and opinions of the Vantage Point software. Nope, I am not going to write a glowing review of Vantage Point Software. Instead, readers should spend some extra time speaking with Dean personally about its potential uses.
In the meantime, readers can simply watch our back and forth, and make up their own minds. Thanks for reading. And thanks for watching.
Graham,
Yes, in the video I was using SIM account. When doing a webinar or training video I use SIM so I can demonstrate things and not potentially make a mistake in a live account.
In my Live Trading Room, account is live and I often demonstrate the entries and exits from the published trades.
All published trades are taken in live account and this has been verified many times by both Emmett and 3rd party CPA firm.
Used a simulation account
Watching the video carefully you will see that this educator is just using a simulation account.
At every trade station account, you can see at the bottom what kind of account it is and the number. In this case:
ACCT: SIM
SIM stands for simulation.
Just check around minute 16:30 and 25:00
So, this person is not even trading live.
Pros
Cons
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Follow Me Trades Review - Oct 2021
It has been a while since Emmett’s review so I thought I’d do one of my own.
TLDR: Followmetrades.com provides a lot of content for the price, and Dean Jenkins seems like a stand-up guy, but the performance of his recommended trades was extremely disappointing.
First the good. Tradingschools.org does a good job explaining what Followmetrades is and what it provides, so I won’t rehash that. In terms of content the service offers a lot. There are short 5-minute recaps of the market and analysis of ongoing trades Monday through Thursday, along with more detailed hour-long sessions that are go over things in more detail, including possible new trades. The longer videos are a good example for new traders wanting to learn a routine for looking at the markets, but experienced traders might get less out of it.
The stock by stock technical analysis could get a bit exhausting, and some of it would be incomprehensible to people who haven’t taken his classes. Given the performance of his trades I wasn’t wildly motivated to learn more. The use of Elliot Waves did not inspire a lot of confidence. There was a lot of “maybe this is the third wave…or maybe this is.” It all seemed highly dependent on how the chart was scaled. I was curious to see if his technical analysis performed in terms of actual results, but it failed on that respect. A lot could be said about the validity of TA, or lack thereof, but that’s a separate conversation.
Did the service make me money? No.
I dedicated $50K to this strategy. Got in pretty close to his entries, and often got better fills. Over the time period of four months, the the service generated a realized loss of about -$1,115. There a a couple straggling trades remaining that show a small profit, adding about $360. After total fees of -$328, resulting in a current loss of -$1,147.
These aren’t big numbers, and the strategy is very good at using very little buying power if you follow Dean’s recommendations for size, but it’s still not a great feeling paying over $300 to lose money. I am relieved I did not dedicate more to this strategy.
I entered and exited a total of 24 trades over the course of four months. 48% wins, 52% losses. Average winning trade was $398 and average losers were -$422. I could have flipped a coin and saved myself paying the fee to Followmetrades.
I didn’t do any of his “unusual trades” which were essentially options day trades anticipating volatility spikes. Some were held for a few days, but the exit could be unpredictable and I couldn’t trade during all market hours. It was also an odd add-on for what is supposed to be a swing-trading service. I suppose throwing in a few low-risk, high reward trades has the potential to shore up the poor profitability. These trades I didn’t follow would have netted about $500, so I still would have been negative had I taken them. Just a little less so.
With his past record and his generally favorable reviews, my expectations were pretty high. I was curious to see how his technical analysis performed in real markets. But looking over the trades, with the exception of one or two of them (like NIO), there was no sense that his analysis had any sense of predicting a trend. All the charts have this spluttery, random quality after his signal to enter. Detractors of technical analysis will find this unsurprising. I am not necessarily a supporter of technical analysis — perhaps a curious skeptic — but even I was surprised at how badly it performed.
Of those wins and losses, 10 of 12 on the long side were losers — an impressive feat considering the S&P market rocketed 7% to new highs during the same period. It got to the point where I would audibly groan whenever a long trade signal came through.
9 of 12 on the short side were winners. So clearly his methods were better on the short side, or he is good at finding the stragglers in rising markets. Who knows, but all those losses on the long side are troubling. I wonder if it has something to do with the Vantage Point Software he uses. The software is supposed to be picking up correlations, but the trading performance displays the exact opposite on the long side. I find it interesting that he had a big dip in profitability for 2018, which as near as I can tell is near the time he started using the software.
But my experience could have been worse. Anybody who joined in January has had a miserable time. The FollowMeTrades website shows a 4.8% profit for the period January to July 2021 (it is now October and Dean isn’t too active in updating his track record, for obvious reasons). But keep in mind most of that profitability comes from trades entered in the *previous year*. So if you started in January 2021 with a 100k account, you would have made $1,061 not including commissions, or $442 after fees for the service. That’s a less than half-percent return while the S&P grew 17%. And keep in mind performance was even worse after July, so you are that’s a negative balance at a time when the S&P recorded a huge rise of 24%.
This service might have something for very beginning traders who need to learn a routine, but even then it’s difficult to recommend a service that loses money like this. It’s all a bit perplexing. Dean has had many years of market-beating returns, but 2021 has been horrible. It is unlikely that he was deceitful with the performance numbers: his actual posted results were pretty close to mine. Still, his hesitance in updating the performance page is a bit of a red flag, and departs from his stated commitment to transparency.
I don’t want to get into an ideological discussion of the merits and weaknesses of technical analysis here, however warranted, but it is clear that his methods do not give a consistent edge. They might have an edge over long periods of time, but it takes a different trader than me to sit through all those losses over multiple months while waiting for a big win.
Pros
Cons
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I’m listening to a webinar for Vantage Point as I write this comment. Thank God I finally decided to use reviews before I spend my money 🙄
If a software is 84% accurate why sell it just use it to make money yourself. If someone has to sell a trading program then that program isn’t helping them make money. I would never pay money for software. 99% of trading is nothing more then common sense. You lose money when you allow emotion rule your trading. You lose money when you take lot of risk for little reward. You want to raise the odds in your favor risk little for high reward. Simple as telling someone buy low sell high that is a true statement. The most common mistake trading with no proven trading plan. I don’t mean a system like indicators really indicators are nothing more then lagging maybe they help with controlling fear and greed.
On futures.io (https://futures.io/trading-reviews-vendors/9643-vantagepoint-predicting-market.html#post669778) , this guy posted –> “I was one of the suckers that bought the software. After buying the software, it was impossible for anyone at Vantage Point to give you the details of what 80% was based on. Their AI predictive indicator was the most common response as to what they were referring to.
Since I like developing Ninja and Tradestation trading strategies, I went on a quest to understand their predictive indicator. I found out that it uses a 14 day ATR and takes 42% of a the ATR and adds/subtracts from the prior day’s close to come up with it’s predictive range. (Wow, I’m impressed at the amount of work they did on that AI. – sarcasm)
Please read the following review if you are even slightly considering buying the software
vantage-point-software review”
I guess Dean is one of the very few that are legit enough trading educators that show their trades and records up to tradingschool’s review standards. And he also seems to teach conscientious risk management which is just as important if not more as taking trades. But he could be of those types of traders that depend too much on dubious 3rd party tools where they don’t have enough experience or knowledge coding their own indicators. A good trader can make selected purchased tools work for them well enough, but it’s certainly not necessary to spend so much on it for those who can manage without vendor products, or can code their own ideas.
I have been trading since 2001 when I paid about $4,000 for a brilliant system with Investools called but I lost money every year!
I have been a Vantage point customer since 2015. I agree that the sales woman was pushy but in the end I am strong minded and I chose to sign up anyway. It was a big outlay but overall my profits have more than paid for the service.
For personal reasons, I didn’t renew my data when it ran out in May 2018. In May 2020 I paid $500 for 2 years of data, $97 to upgrade to VP 10 and $200 for VP’s 2020 options course featuring Dean and I paid $199 for 2 years of support. Dean’s video presentation and VP gave me confidence in my trading and the $996 I have reinvested in my future has already been recovered.
I have found that the new Vantage Point or VP10 is so much better and user-friendly that I wish I hadn’t left VP. It would have warned me early of the February 2020 sell off which cost me BIG!
I found that my customer trainer (Linsey) was excellent and quickly taught me the ropes. Vantage Point appoints you a trainer and you can call them anytime, within business hours. Since May 2020 I have already had 4 one to one sessions via telephone (I live in the UK, BY THE WAY) with my trainer and numerous training webinars. I think I have had my $199 of value already!
I am making great progress already but I want even more so I am considering taking up Dean’s offer and becoming a Follow me trader. My overall experience has been great and I am surprised that more users aren’t on here defending VP. They probably don’t know about it.
Hi Emmet, I have been with Dean’s service since I first found your site in November 2019. When I got out of the Navy in November, a guy got me into trading, however, right before I had my DD214 he lost most of all of his money playing options without a stop. I then took the plane back home wondering how in the world I was going to trade. I started with about 39,500 in my bank account; Since then with cost and expenses factored in, I’m up $6,000 net profit (without paying taxes yet) and even after losing some in this impossibly shaky market of the last two months. I could have not found Dean’s service and been a poor college adult watching my savings dwindle away but because of your high review of Dean, I am doing better than I should be. Dean gave me the tools I needed for risk control and I have taken advantage of every product he has. Five stars.
I never said…
Truth be told, this was not the only highly successful trader that contacted me about the Vantage Point software review. In fact, Larry Williams also said, “your review is bullshit.”
I never speak/write that way in public.
Vantage Point provides a real service in that they have indicators, etc.even some of mine. They are very good at helping folks get started; explaining all the details, rollover ,months, etc and hold a lot of hands. They are aggressive marketers. Is that them or a sign of what it takes to succeed in this marketplace?
larry williams
Dean likes the software. I am sure it has some merits. But the marketing and salesmanship of the staff is legendary.
As far as the great Larry Williams relying upon Vantage Point at the crux of the decision? Not a chance.
Great, I wish! just one more trader hard at work. Some of my better tools are in VP…but a hammer is only as good as the carpenter.
This year i took out close to$900,000 but mas so many mistakes along the way. Greatest gain was seeing my students Win and or place, World cup Trading championship.
————and again———-future traders did better than FX, options, etc
lw
My guess would be that the majority of the sales people came from the timeshare industry 😉
I was a Vantage Point customer some time ago – and I can say their business behavior is terrible – they don’t intend to help you, the customer, but want to sell their modules and “advanced packages ” etc. I don’t think their software is specifically bad or good, but the work with them as a company, is just not that what people should accept.
I agree with you initial review. Vantage Point = abysmal Company, but interesting to hear that the software works when used by knowledgeable person.
wow
I guess the “no questions asked, no hard feelings” guarantee gets chucked lol
When you rally the troops like this to lambast someone that was giving a review based on his own experience (what did you do give an email blast to all your subscribers telling them to come hammer this guy????) and try to bury him it really says a lot about you as a person. Great guy? I think more vengeful guy…
Good luck to you all… I’ll be steering clear of Mr. Wonderful here.
Pros
Cons
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I support Dean at Follow me trades
Just want to add to some of the positive comments about Dean and Follow me trades… I have been with Dean now for close to 6 months. There have been losing trades and there have been more winning trades. Overall, more wins and bigger wins than losses.
Another thing people might experience with some losing trades are this; they often times don’t size correctly, meaning that if buying shares you can’s stay with a constant number of shares. Let’s say you do and to make it simple let’s say it’s a hundred shares. Then you make sure you have your correct stop loss, which can and does vary based on entry points, and you have share prices that are not the same. Let’s say you enter 4 trades and have a 50/50 win rate (good win rate). BUT, you won on 2 trades of a $25 stock and a $40 stock. Then you had 2 losing trades but one was a $50 stock and the other a $95 stock… chances are over these 4 trades you still lost money, even with a 50/50 win rate and proper stop losses. You MUST make each trade with roughly the same dollar amount. Dean teaches these basic principals.
Overall, I have to give Dean a 9 out of 10 score, why not 10 of 10? Because nobody’s perfect. And, I have had experience with other trading services and none go into the detail that Dean does in explaining why he makes the trade. My advice, Give him a try.
I’ll add another comment about Vantage Point. I don’t use it and don’t feel I need it. It is interesting that Dean uses it but it is not his only source of information on making a trade. It’s several tools of many he takes into consideration. There may be value in it, why buy it when Dean has it and he or Eva will run your ideas thru it for you… win win.
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I have been very happy with Dean and Follow Me Trades. Stops are reasonable and management is excellent. You must be available, though. You cannot be missing in action when trades need attention.
Excellent value and product.
Ellen
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I liked Teddy’s response. Not because it was accurate as an overall rating, but because I saw it as an expression of the frustration everyone feels when you lose more trades than you win. It doesn’t get written up much. Trading has its moments, it’s definitely a mixed bag, and it’s easy to want to blame something when you’re frustrated. Unfortunately as the comments and ratings above point out, Dean is probably the last person you want to blame. I’ve been following him for some time and my experience echo’s the positives everyone else has been posting on this thread. Go Dean!
Dean, Thank you for all you do. Your service has been more straight forward than any that I have been a part of. You are quick to offer advice and support. Your website allows access to multiple courses and tutorials.
Teddy, if you find a service that all trades are winners, please be sure to post for all of us.
No regrets here Dean. See you next week and Thanks again.
Dean, keep it up!
I’m a new (last 8 months) to Dean’s FollowMeTrades service and agree with the positive comments of fellow traders. I will challenge Bill’s terminology of “bet”. We are trading, and with trading you will have profit and losses from using Dean’s exhaustive analysis of each trade( if it was easy and fool proof, everyone would be doing it!). Each trader is responsible for their own alerts and responsiveness to the alerts while Dean makes every effort to inform as quickly as possible. I have no regrets about using Dean’s educational service and tools.
Thx
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I became a follower of Dean after I read Emmet’s first review over 2 years ago. I’ve spoken to him on the phone a number of times and he always emails me back answers to my questions within 24 hours…usually much sooner. From a results standpoint, I’ve taken over 90% of his recommended trades over the past 2 years (I occasionally travel and miss a few), and my results pretty much mirror the results he has posted in his track record. Trading is as much of an art as a science, and can be difficult at time. But in my 40 years of active trading the markets, I’ve never met a more honest, approachable, and responsive mentor. BTW, if you follow his risk management principles, you will NEVER have a “massive” loss.
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Dean Jenkins plus Teddy
Teddy,
If you are unable to trade between 9 – 5, you should not try to be a trader. Instead, you should be using an investment approach where equities are bought for the long run. These are two very different approaches to the market.
Dean makes it clear he is a trader and sets up trades with targets and stops so they can be managed. He never once has said this approach will work for passive investors. I receive alerts but I also need to be responsible for managing the trades I decide to take.
Teddy, you also entered the market at a very volatile time where there are massive swings during the day. More monitoring than usual is required to properly manage a trade. You should really look for someone that can provide you with long term investment advice.
As far as those who want to trade the market, not every trade will win. The key is having your winners be bigger than you losers. I have had this experience and with Dean Jenkins. I find him to be very transparent and honest. He makes himself available to help anyone who reaches out for assistance. I find his service very useful and will continue using it.
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Follow Me Trades - A First Class Experience
Well, Teddy is entitled to his own opinion and review – that is what this site is all about. With that said, my recommendation to Teddy is to spend more time learning what FMT, Dean and crew do — setup an appropriate trade size and if you’re learning and/or are not sure how best to manage your stops and trades, then paper-trade for awhile. It is only through knowledge and your own experience that you can decide which types of trades work for you and which ones don’t. I don’t take every recommended trade – as I have my own market perspective and I mange my risk/reward in a way that fits my lifestyle, time on the computer and my schedule. Also, you should not be risking more than 2% or so of your portfolio on any given trade – setup your STOPS correctly and do your 9 – 5 job. I will say, that if you are in a timezone where you can’t get on the Monday – Thursday calls – then watch the recap videos. All in all, I find Dean / Eva and the whole collective group to be extremely transparent, dedicated to mutual success and really invested in making all of us successful. Dean is one of the FEW guys that will actually get on the phone, will discuss trades with you personally, will contribute to your success in a very open, honest and meaningful way. I plan to stay with FMT and contribute as much as I can to the group – it is a GREAT trading site and community to be a part of. I wish you well in your trading . . .
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Reply to Teddy
Teddy, I respectfully disagree with your review on the basis that Dean is a consistent systematic trader. Have you taken the time to review his approach? Very few people in that business have enough integrity to trade their own recommendations in real time. Dean provides a stop and a target for every trade. He even gives you an option alternative to really limit your exposure. Overall, his wins are much larger than his losses. However, nobody can predict the future and this is a numbers game. The probabilities of success are better than most services I have come across. My suggestion to you is to track the recommendations on paper before risking your capital as long as necessary for you to feel comfortable. Dean gives you a trading plan with sound money management techniques. That is all you need to be profitable over time.
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Dear Dean,
Never once have you steered me wrong in the 4 years I’ve been part of FollowmeTrades. I’m proud to be a member of this awesome community and thankful for all the work you put in day to day. Trading is a marathon, not a 60 meter dash. Keep on doing you.
Not Teddy
Teddy’s review is about as inaccurate as any I have read. In six months of watching and tracking Dean Jenkins has picked winners more than fifty percent of the time. And, had I been buying/selling securities the way he recommends I would have made quite a bit of money.
So far as errors are concerned I can recall one error which was immediately corrected.
His updates are accurate and timely.
Pros
Cons
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You can’t write a negative review based on four trades, Teddy.
Dean is completely transparent, and the results, which are excellent, go back to 2015. It’s true that it’s not for the passive investor, but I don’t understand how that’s a negative review. His guidance is easy to follow. It takes a few seconds to execute a trade on my phone.
Longtime followMeTrades client with much respect for Dean,
Keith
Ok
Whao there. I was just posting my experience. I don’t always get alerts or emails timely, not to say others don’t. My experience was from a 9-5 perspective and I don’t know how you have done in the past many months but for me it was 4 and done, I couldn’t absorb the losses (yeah 6% isnt’s a lot but when you add in the 3-4%+ additional losses from not being able to immediately execute, it starts becoming a big deal).
I’m sure your daily traders that monitor the markets closely are probably doing just fine, but my review was very written specifically to address my situation (as all reviews should be written) and in that context it was everything I said it was, albeit your mileage may vary.
Thank You,
-T
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Teddy,
I understand that you are posting based on your (limited) experience with Dean’s followmetrades service. I have to say 4 trades does not a fair test make, in my opinion. Based on the percentage loss you indicate you were not following Dean’s risk management protocols. Every trade recommendation Dean makes comes with an explicit stop price spelled out in plain English. Whether you are able to be in front of your computer or other device to make trades during regular market hours is irrelevant. If you put stop orders in place, they will automatically exit your position when the stock price is reached. Any losses beyond the stop price that Dean specifies are on you.
I have been a self-directed investor for 25+ years and have tried out many so-called trading services which generally consisted of poorly performing trade ideas many of which were front-run by the people running the service. Dean is the most transparent and accountable trading service provider that I have ever encountered. Had you reached out to him and shared with him your experience with the service you would’ve found this out. Unfortunately, you’re the one who loses in this the situation.
On one point you are absolutely right. This is not a service for passive investors. By definition, trading is an active process, requiring ongoing monitoring and, at times, intervention. If you’re seeking long-term investing advice, I personally recommend The Motley Fool. Yes, there are way too many sales e-mails but their flagship service Stock Advisor will educate you as well as provide successful stock picks over time.
I wish you better investing in the future.
Vance
Teddy,
Sorry that you weren’t happy with my service. Just to clarify, none of my subscribers has EVER experienced a “Massive” loss if they follow my risk management guidelines. That is what risk management is all about, recognizing that it is inevitable that some trade will lose and controlling loss through position size and stop placement.
Bummer that you joined and had 3/4 lose, but success is measured over dozens and hundreds of trades, not a handful. My track record (verified and audited) stands for itself.
As for the timeliness/quality of the updates, we are human and do make typos etc. on occasion and promptly correct them if they happen. Over the last 12 months I can count on one hand the number of errors that have had to be corrected, and we are trading on daily charts (not day trading) and we send alerts with plenty of time for subscribers to take action.
Additional customer reviews can be found on BBB at this link:
https://www.bbb.org/us/wa/olympia/profile/online-education/follow-me-trades-llc-1296-1000036016/customer-reviews
Yeah, Emmett poo poo’s BBB, but it is not “pay to play.” All reviews are vetted and any complaints remain visible, even if resolved. I’ve had Zero complaints 🙂
BBB sucks. What’s next — Angie’s List?
Not for passive investors
I tried out the follow me trades. Entered 4 trades he recommended and even got better entries than he did and lost on 3 of the 4 — the ‘winner’ was very small. One of the losers was MASSIVE and the alerts are slow to go out and often they are wrong and need to be corrected. Not recommended for anyone that is new to trading or isn’t able to constantly monitor the market. Very risky if your counting on trade that don’t need to be constantly monitored or if your not able to enter or exit trades during the day, i.e. you work a 9-5 job.
Pros
Cons
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Teddy-
Let me point out that making an assumption about a trading system on 4 trades is clearly poor decision making.
Along with your approach to trading. Namely the “I tried out the follow me trades” comment. Unfortunately, that’s not how successful trading works. If it did life would be different. Successful traders actually commit, dig in, communicate with their coach, invest time, work through failure.
I’m sorry to say it’s obvious you don’t understand the system.
And you like to try things out, give up and blame someone else. If you think my comments are based on wrong assumptions. Think about the assumptions you make next time you speak.
For anyone struggling, I’d recommend beginning with a paper trading account. “Fake money” to learn the system. LIMIT YOUR RISK.
Reach out to Dean. He is very transparent and willing to coach. There is no free lunch but I’ve found he will help you succeed and give of his time. LIMIT YOUR RISK.
There is an abundance of noise in the trading community… let Dean help you cut through the noise. LIMIT YOUR RISK.
Thanks
swald JUNE 6, 2019
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Hi Teddy ,
What do you mean.. ” the ‘winner’ was very small. One of the losers was MASSIVE ” .Could give us the detail of your trade ( entry and exit) so I can learn from you ?
He sent the alert with target and Stop Loss , so we know the max loss before we take the trade,
XOM: Short. Stop = $80.64, Target = $67.16. Can be traded with shares or options.
Contract details: Sept. 20, ’19, $82.50 Strike PUT
Don’t Give up – God Bless You.
As a man thinketh in his heart, so is he.
“Teddy’s” review could not be further from the truth. Up front I will state that I am a follower of Dean Jenkins, and have been for about a year.
He is meticulous in his preparation and execution of his trades to a fault, explains everything as he is going along and puts all the necessary protections in place, stops, targets and even gives the choice of either trading equities or options, every single trade without fail.
If you want evidence of trading, just look at the verified trading accounts on his web page. have you EVER seen anyone else do that? In the year I have been with him, I am a net gainer in my trading account. I am not a millionaire, but consistently profitable. If “Teddy” had 3 out of 4 big losing trades, i just can’t believe he followed Deans trade management rules.
Can you have 3 losing trades in a row? Absolutely, that is trading. There are no guarantees. At the end of the day, it is your OWN responsibility to manage your trades, not anyone else’s. If “Teddy” had a massive loss, it is not Deans fault, it is his own for not having alerts set up for his own money. Followmetrades always send out alerts, every time, for new trades, position adjustments and, more importantly, when trades are stopped out.
There have been a couple of technical glitches, that is a consequence of telecommunications, which is why alerts should be set in your own trading account, not relying on anyone else to do it for you.
If there was a massive loss, then there must have been a massive investment! That goes without saying. So, if Teddy’s own risk management rules were followed to the letter, he must have been ok with taking this loss, because he placed the bet. Traders know the rules, don’t play with money you can’t afford to lose! Number 1 rule. Do not blame someone else because you lost money.
Dean Jenkins is one of the most honest and transparent individuals I know. He could not be more transparent if he were the invisible man!
I am not a relative or associated with Dean Jenkins in any way, shape or form, except that I am one of his students, but “Teddy’s” review is so wrong on every count and totally undeserved.
I have been trading with Dean for over a year. I have tried many different systems and his is the only one with consistent results. Dean looks at the risk to reward ratio for every trade. No one can predict the stock market so not all trades go his way. His motto is “keep the winners big and the losers small”. Yes, he does have losers, and sometimes they are clustered together. Dean is a swing/momentum trader. If the market is going one way and the president, out of the blue, tweets about new tariffs, and the market starts moving in the other direction, then that is not something Dean could have predicted. Over a longer term, he has more winners than losers and the winners are bigger than the losers, so his trades make money. 4 trades is insufficient to constitute a meaningful sample size. All the trades he has taken are published and audited by an independent company.
Why not statements shown.
Gotta love the spread sheet which you can just as easily show a statement or at the very least a print out from tradestation.
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I most definitely understand the skepticism, but all you had to do was spend extra few minutes on Dean’s site – he has every single trade listed, including entries and exists. The site includes videos where you can see him trading live and you can even join live trading room 4 times a week where you can clearly see him trading on his live account.
Giving someone a crap review because you didn’t want to do your due diligence is unreasonable. Dean is a stand-up guy and while his returns aren’t as high as some other “gurus” promise, he actually delivers and will work with you personally.
Hi Teddy ,
What do you mean.. ” the ‘winner’ was very small. One of the losers was MASSIVE ” .Could give us the detail of your trade ( entry and exit) so I can learn from you ?
He sent the alert with target and Stop Loss , so we know the max loss before we take the trade,
XOM: Short. Stop = $80.64, Target = $67.16. Can be traded with shares or options.
Contract details: Sept. 20, ’19, $82.50 Strike PUT
Don’t Give up – God Bless You.
As a man thinketh in his heart, so is he.
Dean sends his account statements to an independent auditor for confirmation. That spreadsheet merely captures the information. Try spending more than 10 seconds on his website.
Follow Me Trades 2019 Update
Hi Emmett,
I just wanted to say that I am a student of Dean Jenkins and agree wholeheartedly with your reviews. Dean is one of the very few genuine people I have found associated with the whole trading industry.
I completely agree about Vantage Point as well. It is a very useful product, but their customer support amounts to nothing more than trying to up sell. Even their ‘education’ tools are little more than a thinly disguised effort to sell you more indicators or markets or whatever.
Just a note to anyone thinking of buying VP, don’t accept their pricing ‘deals’ etc. Make them an offer, they will accept it, however low, so desperate are they for sales!
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Thanks for the comment Bill.
There are actually a few AI products on my plate, and will be writing about them ovet the next week or two. Some very compelling and interesting stuff.
This indeed is why should only offer if personal experience ..
Yea, I thought you did bash Vantage Point ..
Hm. Useful comments wow thx .. left this out/forgot; 🙂 you write and the performance goes against you. ..;D oh, shit; that’s like a trade sometimes ;p only traders will appreciate this joke ..
Here’s another (watched him nail-bitingly) don’t follow your positions too closely :p .. (Emmett will come n’kick my a$$ ..I’m having too much fun here 😉
I didn’t watch your video, No one needs to. This is all one needs to know about a company: https://www.indeed.com/cmp/Market-Technologies,-Llc./reviews
Ouch. Like I said, this was going to be controversial. Did you read this one? https://www.indeed.com/cmp/Market-Technologies,-Llc./reviews?id=b0966045df2cbdb1