Saturday, January 30, 2016

Challenge update: 1st target achieved at US$ 12,000


After just 2 weeks we met the first target of the new challenge, from US$ 10,000 to US$ 20,000, at US$ 12,000.

It was not easy as we lost on the first day going into negative territory for 6 points or so, that's the most difficult time for most traders as we need to continue taking the good trades without skipping any good setup when psychological capital gets low, that's the real challenge, but regardless we continued taking the trades and made up losses closing the first week into positive field giving us the confidence we needed for the 2nd week which was also not easy but we made it happen!

Now we're ready to increase size on to the 2nd Stage of the challenge with the next target at US$ 15,000.

This time we will trade 3 lots so we need 20 points on full size to finish this new phase of the challenge and be able to move to the next and last one.

If you want to join us, no problem you missed the first stage as nothing changes, we will take all the good day trading setups we usually take, we're looking forward to the next week.

Click the link to go to our website: Diamond Setups - The only edge you need to be successful trading S&P 500 futures (ES)


Just one more thing: the special discount price of US$ 575.00 finishes tomorrow, Sunday, the 31 first,

On Monday it goes back to the normal price at US$ 875.00 .

Sunday, January 10, 2016

New Challenge on ES begins on January, the 18th


Hi traders!

I'll start a new challenge on next Monday, the 18th, this time I intend to make it a bit shorter (and quicker, I hope), we'll trade an account live in our trading room from US$ 10,000 to 20,000 in just 3 stages (see below) while I teach new members our trading methodology, the Diamond Setups.

After having done this kind of challenge many times (this will be the 6th), I learned that the most difficult phase for most traders is the very beginning, to take an account from point A to point B is really hard if you don't have a plan with clear targets, a sound risk management and the right state of mind.

You need to use a set of rules if you really want to be successful in this business, a proven trading methodology that works week in, week out.

We have been using our methodology for more than 5 years now, it works like clockwork and I'm really happy and proud to be able to offer a high quality service to those who decide to join us.

Here are the steps we'll follow on our new challenge:

We will trade ES (S&P 500 e-minis), each point is worth US$ 50.00

1st Stage: from US$ 10,000 to 12,000

Trading size: 2 lots

Number of points necessary to meet first target: 20 points on full size.

Max estimated date to meet target: 02/18/2016


2nd Stage: from US$ 12,000 to 15,000

Trading size: 3 lots

Number of points necessary to meet first target: 20 points on full size.

Max estimated date to meet target: 03/18/2016


3rd Stage: from US$ 15,000 to 20,000

Trading size: 4 lots

Number of points necessary to meet first target: 25 points on full size.

Max estimated date to meet target: 04/18/2016

Rules:

- In case we reach the 1st target at US$ 12,000 and it happens that we lose and go back to starting stage at US$ 10,000, then we'd decrease the size we trade back to the original 2 lots and start it all over again from the beginning (it has never happened until today in the previous 5 challenges).

- When we reach a target by Thursday we start the next new Stage on the following Monday.

If you want to join us and trade your own account while you learn our system:

Click here ==> Diamond Setups - The only edge you need

Even if you want to start with just US$ 5,000 you can too, the only difference is that your targets and sizes will be different.

“The only impossible journey is the one you never begin.” - Anthony Robbins

Friday, January 8, 2016

Challenge update: Final target achieved at US$ 50,000



We finally reached the main target at US$ 50,000, I started trading an account with just US$ 10,000, it has taken me less than 4 months to achieve the 6th and final stage of the challenge.

This is the 5th time I do this kind of challenge, I did learn several things that I'd never have thought of if I hadn't done that, one of the main things I learned was:

- The most difficult part when a trader starts a new account is the very beginning, because if he/she loses on the first 2 or 3 trades, the trader goes into negative territory, a situation that might make him/her start skipping the next trades, and that's where most fail, after getting stopped out on 1 or 2 trades they lose confidence and skip trades, exactly the ones that would be profitable, or they cut profits short to quickly go back to breakeven level.

On the other hand I realized that when the first 2 or 3 trades are winners traders are not afraid at all and and they take all good setups without hesitating, that state of mind makes all the difference, allowing them to move forward smoothly...

So, now that I know that, our next challenge will be: from US$ 10,000 to US$ 20,000 in just 3 stages, my focus will be to help you to stay the course at least until you reach a safe level in profits, stay tuned, more on that on the next post.

Saturday, December 19, 2015

New target met in just a week: US$ 40,000


That was fast!

This week was great for traders who were ready for volatility, so many opportunities including the FOMC on Wednesday, one of the trades we took in our trading room was to buy ES at 2041.75 after 2 PM EST, see the post from our trading room below:


[Dec 16, 2015 2:22:47 PM EST]    RenaTrader    GTS 2041.75
[Dec 16, 2015 2:22:54 PM EST]    RenaTrader    STOP below 2038


GTS in our lingo means: Buy 2041.75, that's one of our Diamond Setups.



On Monday we start trading the last stage of the challenge with main target at US$ 50,000.00

We'll start a new challenge in January, so make sure you join us if you want to follow our trades live in our trading room, all trades are called BEFORE they happen, we always have enough time to enter our limit orders and then manage the trade after we get filled.


If you want to learn our trading methodology, here's the link: (still at a discount price)

Click here ==>   Diamond Setups - The only edge you need


Sunday, December 13, 2015

Another target met on the challenge: US$ 30,000


After almost 3 months from the start, the 4th target has been reached at US$ 30,000.

For those who do not follow this blog, I started trading an account live in our trading room from US$ 10,000 on September the 14th, and on Friday we reached our new target.

Now, from Monday, we start trading towards our next target: US$ 40,000. We'll trade ES (S&P 500 e-minis) with 10 lots, in case we lose and go back to US$ 20,000 we'll decrease the size we trade back to 6 lots and start all over again.

This is the 4th time I make this kind of challenge and so far we never had to go back to a previous stage and start over, but we know, in trading anything is possible, past performance does not guarantee future success, but since we started using the Diamond Setups methodology 6 years ago, we know that if we follow the rules we will be consistently profitable, we know rules profit.

I think the most difficult phase for any trader who starts trading is the very beginning, any losing trade will take him/her into negative territory and most traders find it difficult to follow the rules when they see themselves in that type of situation, many traders after just 1 or 2 losses, stop following the rules and start trading recklessly and end up blowing up their accounts, but those who regardless just follow the system looking up to the long run, will soon go into profitable territory, I have seen that happening so many times in our trading room in the 5+ years that I've been teaching my trading methodology.

Then the most difficult phase for a trader to overcome is the initial phase, his/her first US$ 2,000 to US$ 5,000 profits, those who manage to break those initial levels of profit usually go on to bigger targets smoothly because they are not afraid to take the next trade; losers tend to skip good trades and take the bad ones, while winners know their edge will grab more big winners than losers.

Learn a system that is easy to use and follow the rules religiously, profits will quickly add up.

Our system works like clockwork, if you want to learn something simple and effective, join us now.

Click here ==>   Diamond Setups - The only edge you need.









Sunday, November 15, 2015

Traders using our system were alerted on Monday on the pullback on ES


This week on Monday in our trading room I warned traders about the possible pullback on ES:

[Nov 9, 2015 9:21:50 AM EST]RenaTraderpossible target this week: 2010-05
[Nov 9, 2015 9:22:03 AM EST]RenaTrader100 points off highs 

We had several trades on both sides on Monday and Tuesday, and then in the afternoon on Tuesday I said they might retest that 2085 area on the following day:

[Nov 10, 2015 1:09:15 PM EST]RenaTraderSWING trailing above 2085 now, they might try to run those STOPs from swing traders

And then on Wednesday I called:

[Nov 11, 2015 8:02:57 AM EST]RenaTrader...RES 2086.50-88.50

Nov 11, 2015 9:20:08 AM EST]RenaTraderthis RES is *IMPORTANT*

Those who took it and held: $$$$$

Every single day there are opportunities to make money in the markets, learn how to spot them and pull the trigger with confidence every time, *IF* wrong the max risk we take is 3.75 ES points, usually less than that.

We take all trades because we have the confidence on the statistics our setups produce, we know that 70%+ of the time we are right and grab money from the markets. 

Discipline and risk management are the keys to being successful, to learn what levels to take is the easy part.

Looking forward to Monday! Join us at:




Disclaimer: Trading futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results.

Sunday, November 1, 2015

Challenge update: Stage 3 complete, next target: US$ 30k


After 5 long weeks Stage 3 has been completed, we have reached the target of US$ 20,000.00, now we're ready to move on to the 4th Stage at US$ 30,000 trading 6 lots on ES (S&P500 e-minis) from Monday.

We have started the Challenge on September the 14th, it has taken less than 2 months to double the account size by taking just small little bites from the market, during these 7 weeks the biggest win was not bigger than 8 points on full size, if we can do it, anyone can, as long as you have an edge and a good risk management system, rules profit, a trading system is nothing more than a set of rules that if used correctly will make a trader consistently profitable.

Persistence and  patience are really important in our business, those who have been trading long enough know that the market has different phases along the year, sometimes it's more generous allowing us to make huge profits while during other times we have to be more defensive, protecting our capital more than trying to make it grow, one of our jobs is to know when to trade more often, more aggressively or just stay sidelines and watch and be patient to wait until our setups get triggered and then managing risk effectively, key to successful trading.

We deal with uncertainty on a daily basis, we don't know whether a trade will be profitable or not when we take it, our STOP LOSS order is there to prove us wrong, if it is not hit we let the trade run and take profits at our targets, discipline is always a must.

See you at the 4th Stage.

Join us at: Diamond Setups - www.diamondsetups.com