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 -