Saturday, May 14, 2016

"Challenge update: 1st target achieved" and also: "50+ point weeks on ES"


After just 13 trading days from the beginning of our 8th Challenge from US$ 10,000 to US$ 20,000, we were able to achieve our first target of 20 points, or US$ 2,000.00 trading 2 lots of e-mins (ES), which is not small for an account of this size, but we do have strict money management rules that allow us to be that aggressive and we could make 20%+ in such a short period.

The most difficult stage for any trader is the beginning of a new trading journey, usually after having tried to succeed several times and failed, the trader is hesitant, the level of confidence in himself is really low, but he is determined to make anything it takes to become a successful trader.

Now he has a good trading system so all he has to do is take all good setups and follow the rules, those rules never allow him to take a big loss, small losses are OK, he knows that, but the big question is: Is he be able to follow the rules? Psychological part is really important in our business.

Our next target now is US$ 15,000, so we increase size to 3 lots now for another 20 point target.

There are many different ways to trade using our system, the Diamond Setups, you can be a swing player for instance, to give you an idea, those who traded the swing setups this week were able to make a hefty 50+ points! (Trading S&P 500 e-minis, ESM6) That's the outcome for those traders week in, week out, with a occasional loss, and the best part is that they only have to work 1 or 2 hours a day. So if you traded for instance 2 lots, you'd have made US$ 5,000+ this week.

The only caveat for this system is that the stop-loss orders are much wider then our usual 2 to 4 points, so when a trader begins trading this style he has to be prepared if the first trades fail and he loses 10+ points on each trade, he must not be afraid and end up skipping the next one, which is what most traders do. Now if he is luck and the first trades he takes are winners then he might never go into losing territory, and his account might go one way up, that's the most sought after scenario by any trader. Then in order to trade this type of setup with 2 lots your account would need to be at least of US$ 50,000, so that you could risk 2% on each trade.

On the other hand, not only big players using our system are able to enjoy those types of returns. If you hold a small account we have a scalping setup that on the last 9 weeks has been yielding an average of 10+ points a day.

For that to be possible you have to like being an active trader to be prepared to take from 3 to 8 trades a day and risk small on each trade, from 1 to 3 points, using what we call the "HT strategy", where the minimum target is 4 points, and if you like to trail your trades and only leave if stopped out, you can score really big like in the example below:

Trade taken by HTs on last Friday:

[May 13, 2016 12:05:48 PM EDT]    RenaTrader    2058-60 key now (Resistance)

Those who trailed: +18 points or so in a single trade.

To learn more about our trading system, click here: ==> Diamond Setups



Tuesday, April 19, 2016

Challenge #7 done - target met at US$ 20,000 - new challenge starts on April, the 25th




After 7 weeks and two days we met the final target at US$ 20,000 from US$ 10,000 - ready to start the next challenge on Monday the 25th, we'll try once again to achieve 100% profit in 2 months or less trading ES (S&P 500 e-minis), without ever taking big risks, don't misunderstand, risk management is key in our system.

Every time we finish a challenge, besides the monetary reward, we feel proud of ourselves for having had the courage to do what was necessary without fear or hesitation, taking the trades when it was very scary to take them, because the smaller the account is, the bigger the fear is.

If you want to join us on the next challenge click here: Diamond Setups

Doubts? Questions about the system or anything? Send me email:  renatrader@diamondsetups.com

Saturday, March 19, 2016

Challenge #7 update: 2nd target achieved at US$ 15,000 - on to last target at US$ 20,000


This week we achieved the 2nd target on our 7th challenge, we reached the US$ 15,000 level and now on to our final target at US$ 20,000 trading 4 lots.

Most of the trades we take are scalping trades, we do not hold any position after market close, our targets are met just by scalping and day trading, we never take position trades.

I clearly show the entry levels in our trading room and confirm when my order gets filled so that the information I give is crystal clear for the traders who follow me, all entries are posted BEFORE the setup gets triggered.

For you to have an idea on how it works, look at this trade we took on Thursday for instance:

[Mar 17, 2016 9:57:14 AM EDT]    RenaTrader    GTS 2012.75

[Mar 17, 2016 9:57:40 AM EDT]    RenaTrader    GTS entry: Long 2013.25-12.25

[Mar 17, 2016 10:01:09 AM EDT]    RenaTrader    HARD STOP 2009.25

This is the way I make the calls on a daily basis, with clear entry levels and STOP, look how the trade was called minutes before we got filled, because timing is important to us. After getting in, we have rules for different styles of trading, some traders like to take profits at the initial target, others prefer to trail and only leave the trade if stopped out, besides that, we also have rules about how to hold or scale out, some traders will scale out as it goes up, locking in some profits along the way, while others will go "all in, all out", taking full profits only at the target levels.

When/if STOP LOSS is hit we get out without hesitating and wait for the next setup.

By the way, GTS stands for the type of setup we were taking, it was a day trade.

We do the same thing over and over again following the rules strictly, and we know that our execution does not need to be perfect for us to be consistently profitable, some traders might take profits early, but even those who do that (our minimum target is 4 points) are profitable week in, week out.

If you want to join us and learn how we do it, click here: Diamond Setups


Saturday, March 12, 2016

Challenge #7: 1st target achieved at US$ 12,000


After going a little down into negative territory on the first day, recovered on 2nd and met our first target on Challenge #7 - from US$ 10,000 to 20,000.

Now, we're pursuing the 2nd target at US$ 15,000, trading 3 lots, if we'd lose and went back down to US$ 10,000 then we'd decrease size back to 2 lots only and would start it all over again, until today that has never happened in any of our challenges though.

We've been trading using our Diamond Setups system for nearly 6 years now, I did not reinvent the wheel, I just created a set of rules that if followed with discipline will make us consistently profitable, we have no problem with the trades that do not work and we get stopped out, or when we miss some of the good trades, because we know that the trades we take will be winners most of the time, from every 10, 20, 50 trades our profits will be much bigger than losses, when we jump in a trade, we do not know whether it will work or not, so we just take the good setups, if they don't work as expected, we get out, when they do, we let them run to our targets, we're aware losing is part of trading and have no bad feelings when stopped out.

No matter what your experience in trading is, either as a newbie or a seasoned pro, join us to learn how we consistently make profits week in, week out.

Click here to go to our website: Diamond Setups 

Tuesday, February 23, 2016

Final target met at US$ 20,000 - Challenge #7 starts on Monday, Feb, the 29th


After just a little over than a month our final target has been met at US$ 20,000 from US$ 10,000, it was much faster than expected due to high volatility allowing us some good catches.

One thing we never did during the 6th Challenge was to take a big drawdown or even a big risk, the max risk we take when trading ES (S&P 500 e-minis) never exceeds 6 points, but mostly from 2 to 4 points.

On Monday, February the 29th we start a brand new challenge, again we will try to take an account from US$ 10,000 to US$ 20,000 in 3 stages:

1st target: US$ 12,000, then we increase size to 3 lots - max date for target: 03/31/16

2nd target: US$ 15,000, increase size to 4 lots - max date for target: 05/02/16

3rd target: US$ 20,000 - max date for target: 06/02/16

To join us and learn how we do it, click here: Diamond Setups

Our trading room is open Monday through Friday from 8 AM to 4:15 PM EST - I show on the charts exactly what we're looking at to take our trades.

"If you know the enemy and know yourself, you need not fear the results of a hundred battles." - Sun Tzu

Saturday, February 13, 2016

Challenge update: 2nd target met at US$ 15,000



Lightning fast! After less than 4 weeks from the start we met our 2nd target on the Challenge at US$ 15,000, so now, on Tuesday, we start our way to the final target at US$ 20,000. I expect this target to be met next week as we are already close to it after breaking the US$ 15k barrier.

Our trading system gives signals on several different possible trades, depending on each traders' own trading style.

In our trading room I show trades for scalping, day and swing trading, so traders will take trades that fit their own way of trading.

As you probably may already know our main instrument for day trading is the ES (S&P 500 e-minis), one of the strategies we use is called "HT", that strategy consists on taking several trades a day in every possible swing, it's a scalping strategy, when on counter trend on the day, we try to make 4 points or better on each trade but when the trade is in favor of the current trend then we can trail the trade for bigger targets of 10 points or better. This single strategy has made 100+ points in each week on the last 2 weeks!

More than 200 points were possible in just 2 weeks due to high volatility in the markets, allowing traders to make 10+ point trades several times, if you're not familiar with ES, it yields US$ 50.00/point per contract, so for just 1 contract a trader could have made more than US$ 10,000 in just 2 weeks, the best part of this strategy is that the risk is never bigger than just 3 pointsm usually 2 points will be enough, and as a real "Diamond Setup", it wins on 70%+ of the trades taken.

If you still don't use a system with clear rules to trade, join us, our methodology is really easy to learn and use, it'll take you 1 or 2 weeks to learn all the concepts and rules, get rid of unnecessary stress and frustration, join us today!

I will NOT teach you technical analysis, I will show you how I do to make money consistently.

I show exactly what I'm looking at on the charts to take the trades we take.

Click here to learn more ==> Diamond Setups

“We must pass through the darkness, to reach the light.” - Albert Pike 

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)