Sunday, September 27, 2015

Challenge update: 2nd Stage done in less than 2 weeks

Another amazing trading week, crazy volatility!

That volatility and wider intraday ranges have made it possible for us to take as many as 22 trades on ES (S&P 500 e-minis), an average of 4+ trades a day, having 17 of them been winners, making us reach our 2nd target at US$ 15,000 by Wednesday, we finished the week close to reaching the 3rd target at US$ 20,000 already, we might reach it this coming week, less than 10 ES points left to complete.

I certainly never expected targets to have been met so soon, but when Mr. Market is willing to give us $ we take it, when it doesn't, we respect it and move slower, more defending than attacking.

So now we're heading to Stage 3 - from US$ 15,000 to US$ 20,000, trading 4 lots.

We follow the rules religiously, if we lost and went back down to US$ 12,000 then would go back in size to 3 lots, but losing streaks are something really rare to happen to those who use our system properly, we always wait for the good setups (those that have good odds of working) and never over trade, we know patience is a must if we want to be successful in our business.

If you still don't have a trading system that works consistently, join us, usually it takes one or two weeks for new traders to learn to trade using our system, it's really easy to learn and simple to use.

The signals to buy/short always come AHEAD of prices having reached entry levels, leaving no room for ambiguity.

Best of luck!

Diamond Setups -

Sunday, September 20, 2015

Challenge update: 1st target met at US$ 12k - On to 2nd Stage

And once again we made it to our first target, this time in just one week, this is the best result since we started with the challenges, the first week had always been one of the most difficult, not the case this week due to volatility, although we never took any trade to make more than 6 points.

Now we head on to the 2nd Stage's target at US$ 15,000, we now increase the size we trade to 3 contracts and in case we lose and go back to US$ 10,000, we would go back to the previous size of only 2 contracts so that we'd keep a strict risk control.

We are really excited to be trading a consistently profitable system, one that is easy to learn and use, after having been teaching it for nearly 5 years, I have no doubt anyone can do it, if you want to join us this week just click the link below and sign up.

Diamond Setups -

Have a great trading week, all the best.

Monday, September 7, 2015

New challenge: from US$ 10k to 50k trading the ES - Starts on Monday, the 14th

The challenge started in February is finished, we have met the target from US$ 10k to 100k in just a little over than 7 months, the whole challenge has taken us 29 weeks to complete, it's interesting to note that the stage that took longest was from US$ 30k to 50k, it took 9 weeks to complete and the shortest from US$ 60k to 100k, which was done in just 4 weeks, but that was due the power of compounding profits + high volatility in the markets that allowed us to fetch bigger profits.

See break down of time elapsed to reach targets below:

1st Stage: 5 weeks (trading 2 lots)
2nd Stage: 2 weeks (trading 3 lots)
 3rd Stage: 5 weeks (trading 4 lots)
4th Stage:  4 weeks (trading 6 lots)
5th Stage: 9 weeks (trading 10 lots)
6th Stage: 2 weeks (trading 15 lots)
7th Stage: 2 weeks (trading 20 lots)

Now we have set a date to start a new challenge: September, the 14th, Monday.

This time we will try to take a US$ 10,000.00 account in real time, live in our trading room to US$ 50,000.00

See below the rules we use in the new challenge and the targets for each stage.

Every time we accomplish a new target we increase the size we trade, in case we go back in size to the previous level then we decrease the size back to previous size as well so that we do not break the risk management rules.

Instrument we trade: ES (S&P 500 e-minis, US$ 50.00 per point/lot)

Stage 1 starts with: US$ 10,000 (done)
Trade size: 2 lots
Target in US$: 12,000 – In ES points: 20
Max expected Time to reach target: 1-2 months Target met in just 1 week on 09/18/15

Stage 2 starts with: US$ 12,000 (done)
Trade size: 3 lots
Target in US$: 15,000 – In ES points: 20
Max expected Time to reach target: 1-2 months Target met on 09/23/15

Stage 3 starts with: US$ 15,000 <== Stage in play now
Trade size: 4 lots
Target in US$: 20,000 – In ES points: 25
Max expected Time to reach target: 1-2 months

Stage 4 starts with: US$ 20,000
Trade size: 6 lots
Target in US$: 30,000 – In ES points: 35
Max expected Time to reach target: 2-3 months

Stage 5 starts with: US$ 30,000
Trade size: 10 lots
Target in US$: 40,000 – In ES points: 20
Max expected Time to reach target: 1-2 months

Stage 6 starts with: US$ 40,000
Trade size: 12 lots
Target in US$: 50,000 – In ES points: 17
Max expected Time to reach target: 1-2 months

Sunday, August 30, 2015

Challenge update: 6th target met this week at US$ 75,000

Ready to reach our main target at US$ 100,000 in probably 7 months (we've started the challenge in February), we just reached US$ 89,000 this week in our best week of the year so far, with that crazy volatility we were able to bag almost 40 points on ES, reaching the 6th Stage of our challenge, now we are just 11 points away from our main target at US$ 100k as we start trading 20 lots on Monday, giving us the chance of making (or losing, risk management is key) US$ 1,000 per point (20 lots X US$ 50.00), so it's possible that we reach that goal this coming week.

As soon as we do, we will start it all over again with a US$ 10,000 account, trading 2 lots aiming US$ 100,000 as the main target, so, if you were not able to join us in this challenge, try the next one, I'll warn about the day we intend to start one week in advance.

All trades that we take are posted in our trading room at our website in real time, the Diamond Setups.

Wish you a great trading week! Tomorrow's the last day of August, time flies!

Best of luck!

Sunday, August 9, 2015

Challenge update: Stage 5 done from US$ 10K to 50k

Finally done with Stage 5, I have reached half way on the Challenge account taking it from US$ 10,000 to US$ 50k in just 7 months, this last stage has been the longest, it has taken me 9 weeks to go from US$ 30k to 50k trading 10 lots on ES (S&P500 e-minis).

Now, we'll start the 6th Stage and our next target is at US$ 75,000 trading 15 lots, that's US$ 750.00/point, so, I will have to make at least 35 points on full size to reach that level, the time I expect it to be reached is from 2 to max 3 months.

If things go wrong and I lose 20 points or more then I'd go back to Stage 5, now, if everything goes as expected then our next target is Stage 7, the last one to reach our final milestone at US$ 100k, let's see if we can make it until the end of this year, I'd like to have it done by Thanksgiving though, we'll see, seeing is believing.

"A goal is a dream with a deadline." - Napoleon Hill

Sunday, July 19, 2015

Back to business... - Next Target: Stage 6

I'm excited to be back in the game after 3 weeks off on vacation, it feels good to know the market will continuously give us opportunities to make money, repeating the same type of behavior over and over again, only the figures change.

I really feel like trading now after having recharged batteries, this business really drains lots of energy from us traders, as day traders we have to be concentrated, 100% focused throughout the day, for up to eight hours daily from 8 AM until 4 PM EST, not easy!

That's the reason why in order to be a trader you really have to love this thing, passion for the work itself is a MUST in our industry, I really love it.

Back to business, as usual...

For those who are following us on the trading challenge from US$ 10k to 100K that we started on February the 2nd, we are now at: US$ 39,929.92 this is the 5th Stage of the challenge, soon heading to the 6th as we reach US$ 50,000, half way from our final target at US$ 100,000.

One of the most important thing to be successful in trading is to have a clear, positive state of mind, to control our emotions, making sure they don't get in the way as it is very common to see most traders doing, acting on emotions rather the concentrating on the process, emotions are, without any doubt, the number 1 account killer of any trader.

Once we have learned to identify the "key trading levels", our job is to wait until they show up and once we see a pattern that meets our criteria we confidently pull the trigger and let the trade run and according to our plan, a strategy to take profits as the market make them available or leave at a small loss and quickly get ready for the next possible trade setup, that's all we have to do, day in, day out, watch the market until a setup shows up and when it does we pull the trigger without hesitation...

We DO NOT KNOW whether the trade will work or not, we just take ALL setups that meet our criteria and only leave if stopped out or at our target, period.

Once you have a proven edge, one that has a good win ratio, take ALL trades and profits will take care of themselves automatically. Always use physical STOPs and follow the rules, rules profit.

If you don't have an edge, then you have at least 2 options:

1 - Create your own system and back test it to make sure it works. (Have in mind creating a system will take years of work)

2 - Buy a system that works. One of them is ours: the Diamond Setups.

With a win ratio of over 70% of the trades, it's definitely a good bet.

Looking forward for the best semester ever!

Happy trading.

Renato Santos

Thursday, May 28, 2015

What trading is really all about...

I found this on the internet, really nice reading, enjoy:

The Kirk Report
Trading is not about control. It is about going with the flow. Trading is not about knowing the future. It is about allowing the future to take place. Trading is observation, pure and experiential. Thinking isn’t necessary and just gets in the way. Trading is the glass half empty and the glass half full, alternating without rhyme or reason by the minute. Trading is total ruin and absolute reward; dual demons that lurk around ever corner. Trading is an alluring distraction from life or a life raft on the stormy search for self. Trading is strangers offering up their most precious ideas. Trading is the clueless trying to offer ideas to their friends. Trading is your best friend who steals your spouse and your house. Trading can send us to hell or to paradise, but it always takes us somewhere we have never been. Trading is a blessing whose rules, if ignored, become a curse. Trading is taking a knife to a gunfight. Knives and guns leave traces of blood, but the logic of the market is the weapon that manages to destroy without leaving clues. The mountain of trading is in the mind as the lake is level. Trading is more about knowing when not to trade than it is about trading. Trading seeks equilibrium. Trading is learning a never ending balancing act on a tight wire above a movable abyss. Trading is timing. Waiting is painful. Pain brings wisdom. Wisdom brings balance. Trading can be excruciatingly exciting when done wrong and tauntingly tedious when done right. – 
Jeff Cooper