The DTR Advantage
WHY IS YOUR SERVICE $250 / MONTH? I SEE OTHER TRADING ROOMS ONLINE FOR CHEAPER.
Fundamentally, DTR members are independent traders who understand the why behind trades, know how to manage their positions, and are masters of their psychology. We believe that DTR is a superior learning experience when compared to other trading rooms because DTR does not focus on alerts. Instead, you will trade with Michael day in day out and learn how the market works, how to create and trade your own ideas, and how to reign in and manage your trading psychology.
WHO IS THE LIVE TRADING ROOM FOR?
The live trading room is suitable for any aspiring day trader. We have helped absolute beginners and experienced traders to refine their strategies and become consistent sooner. You will quickly learn and improve each day. We only ask that you are motivated and hungry to improve as a trader. No excuses allowed.
ARE YOU AN ALERT SERVICE?
The DTR Live Trading Room is fundamentally an educational service. Michael's goal is to help you refine and create your strategy by trading with a professional every single day. He will talk you through trades as they happen but never issue formal alerts. Alerts encourage FOMO and chasing prices. This creates bad habits that must be eliminated before they cost you money. Every good trader makes each trade their own. Michael will teach you how to do that by screen sharing and discussing market conditions, trades, and setups as they happen. Along with the DTR strategy documents you will quickly learn what Michael is looking for from each trade and adapt that base knowledge to suit your trading style.
WHAT PRODUCTS DO YOU TRADE?
DTR members generally focus on US listed Tech and Index funds that are tradeable with options. Michael only executes trades in the SPY, QQQ, AAPL, MSFT, and TSLA . However, the techniques you learn can be applied across what ever asset class you like. The room will not trade small caps or meme stocks like GME. We will not chase illiquid names like other trading rooms.
HOW MUCH MONEY DO I NEED TO START DAY TRADING?
There is no perfect answer to this question. Many brokers will require 25k for a margin account to execute multiple trades a day. However, cash accounts do not have those same restrictions. That being said, we would not recommend day trading with less than a thousand dollars.
HOW MANY TRADES DO YOU PLACE A DAY?
The DTR strategy is built around being patient and stalking the perfect trade. On average Michael places one or two trades a day. Some weeks he will only place one trade or place fifty trades. It really depends on market conditions. About 90% of Michael's trades setup between 10:00 and 11:30 am EST. Our foundational principle is to never chase trades. There will always be another setup so there is never a rush to chase trades that aren't perfect.
HOW MUCH DO YOU MAKE PER TRADE?
At DTR we talk in percentages not dollars. Chasing dollars leads to FOMO and bad risk management. A good trade, with options, will often pay out 100% or more. When you learn how to become consistent you will be able to scale up in size with confidence. By learning proper risk management you will learn how to put yourself into repeatable situations where you can catch winning trades with limited risk using stop losses. We let our winners run and cut losing trades before they hurt.
WHY DID YOU START DTR TRADING?
Michael was extremely frustrated with the quality of education services being advertised on twitter and reddit. His passion for trading also extends towards education and he believes that he becomes a better trader by helping others. At DTR we saw too many rooms that were creating bad, unsustainable habits, and pushing small illiquid names that only benefited the members running the room. DTR is education first, alerts second. We want all our members to find financial freedom through the stock market and believe the best way is by trading with a mentor. We try very hard to offer a transparent and honest service that is built around helping members succeed.
WHAT IS THE DTR STRATEGY?
The DTR Strategy is based on support and resistance trading with candlestick confirmation. However, there is no perfect strategy or combination of indicators. So it is more important to build a strategy around your learning style and interests. DTR will help you find your strengths and push you to become an expert in them. This will be your edge in the market and what will make you unique and dominate as a trader.
I HAVE JOINED DTR TRADING. NOW WHAT?
Thank you for joining DTR Trading and for getting serious about your trading education. You can now use your login information to access the DTR Documents and Live Trading Room. I look forward to seeing you in the chat.