If you’re looking for Danny Devan’s trading course, let me break it down for you. Danny popped up on my radar about six months ago, and the training was so good I included him on my list of best stock traders on TikTok here.
Who is Danny Devan?
Danny Devan is an investor and stock trader specializing in options. He teaches an options course and has a free discord channel, where he alerts you of any incoming positions. The course as of October 2020 has 42,343 members with over 5,000 members online at any given time.
Danny Devan Net Worth
If you’re looking for Danny Devan’s Net Worth, Danny has a net worth of currently over $10,000,000. That is a safe, verifiable number.
Danny Devan’s Stocks & Options Course
What’s exactly in Danny Devan’s Stock Training Course? Is it worth it? Is this legit? First, the course starts out with with a 45 minute getting started section for beginners. That’s broken down into 10 different easy to understand videos.
If you’re looking for the best online brokerage, then click here. If you’re looking to get started trading options, then beginners love Robinhood because it’s free to signup, no account minimums and you get free stock when you link your bank account. Click here to claim your free stock.
If you need more information on Robinhood, click here to learn everything you can about Robinhood before signing up.
What’s in the Course?
- What is the Stock Marketing?
- What are futures?
- How to read economic data?
- What are catalysts?
- Common Stock Terms Explained?
- Signing up for brokerage accounts?
- How to avoid pattern day trading and trade under $25K?
- Cash account vs Margins.
If you’re a beginner, then you would start here. If you’re not familiar with Devan’s style of training, it is very similar to his TikTok here.
Then, the training for options really starts. If you’re brand new to options, call options allow you to buy the stock at a stated price within a timeframe. Put options allow you to sell at a stated price within a time frame. They are very risky, but with the right strategy & proper risk management, you can make a lot of money.
The options training is broken down into four sections:
Options Walkthrough for Beginners
This section is broken into 16 easy to digest, easy to watch videos starting with “how to trade options”.
- Options Strategy = Vertical Debit Spreads
- ITM vs OTM
- Calls and Puts for Beginners
- Best Way to Long Term Invest in Options
- Bearish Call Credit Spreads
- Bullish Put Credit Spreads
- Selling Covered Calls
Brokerage Walkthrough and How to Trade Options
If you’re looking to get started trading options, you’ll need a brokerage. This training walks you through how to use six different brokerage firms.
- TD Ameritrade
- Think or Swim (which is TD Ameritrade)
- Interactive Brokers
Risk Management to Minimize Risks
In order to be highly successful in trading stocks, you’ll need a risk management strategy. This part of Danny Devan’s trading is three videos that should take you less than an hour to go through.
Technical Analysis to Spot Winning Trades
Now the fun really begins. Once you understand the basics, you can start trading patterns that start to form to spot potential winners. This part of the training shows you how to trade patterns, how to read candles and how to get maximum profits.
The training is broken down into 17 videos like this:
- Trading Software
- Trading Patterns
- How to Read Candles
- How to Draw Support & Resistance
- Best Indicators to Use
- How to Implement Stop Losses
- How to Trade Gaps
- Charting for Long Term Investing
- How to Get Maximum Profits
- Properly Scale in and Scale Out
- How to Trade Puts on a Red Day
- Favorite Indicators
- Exponential Moving Average
- Fibonacci Lines
- Pivot Points
- Setting Alerts
Danny Devan Reviews
Do we recommend Danny Devan’s Options Training. Yes. It’s not your typical douchebag, Ferrari trying to sell a course to fund a lifestyle. The teaching is very instructional, take specific actions for hands-on learning. What you see on TikTok is what you get in real life & through support.
Danny Devan has a free discord group that has over 40,000 members. It’s free to join and you can click here to get in.
Danny Devan has a in depth, hands-on learning course about trading options. It’s priced at $97 and you can buy the course here.