Sunday, February 18, 2018

Stage by stage, breaking targets down

Hi traders!

We're about to achieve our main target (5 points short) at US$ 20,000 in our Challenge #14, where we try to make 100% profit trading ES (S&P 500 e-minis) with a US$ 10,000 account.

In our Challenge we create smaller targets to make them more "easily" achievable, we break that target down into 3 Stages:

Stage 1: from US$ 10,000 to US$ 12,000 trading 2 lots, so our first target is a 20 point target.

When that target is done we start Stage 2: from US$ 12,000 to US$ 15,000, now trading 3 lots, then our target is 20 points one more time.

We're now ready to start the 3rd Stage: from US$ 15,000 to US$ 20,000, we then increase size to 4 lots, having a final target of 25 points.

Such a simple trick makes it look much better than having one single target at 100%.

The rules for the challenge are very clear, in case we lose and go back to a previous Stage we would decrease the size we trade back to that Stage size limit.

If we take our main target of 65 ES points and break it down into trading days we would need around 33 trading days or 7 trading weeks to reach it if we make just 2 points a day, aggressive traders using our trading system, the Diamond Setups, have been able to make an average of 9 points a day this year so far.

Of course, those 3 Stages are just the beginning for a trader who is trying to make a living out of trading, he/she will need to add a couple more Stages to reach the tipping point when he/she would be able to have reached a decent income level that'd allow him/her to live (almost) anywhere in the world comfortably.

Just to give you an idea of the continuation on the milestones a trader would have to conquer until he/she can start living out of trading, check the examples below:

Stage 4: from US$ 20,000 to 30,000 trading 6 lots, another 33 points to reach target.

Stage 5: from US$ 30,000 to 40,000 trading 8 lots, 25 points

Stage 6: from US$ 40,000 to 50,000 trading 10 lots, 20 points.

And then, the breaking levels when trading for a living becomes feasible:

Stage 7 (living the dream): US$ 50,000 to US$ 80,000 trading 20 lots, 30 points

Stage 8: the sky is the limit...

Think about it, that's "just" 173 points separating a trader from living his/her dream, go for it!

FYI, aggressive traders using our system have made 323 points this year so far, of course the market has helped a lot, it is being exceptionally good for day traders since the beginning of the year, but have in mind those points are not from "huge winners", the great majority of the trades gave from +4 to +6 points, very few were +10 trades.

In order to be able to reach those targets you'll need a trading system, an edge, if you still don't have one, use ours.

Join us in our next Challenge #15, click here to learn more  ==> Diamond Setups

Best of luck!

Sunday, February 11, 2018

A week to remember! - Challenge #14 update.

Hi traders!

It was hard to believe such huge volatility during the whole week!

I remember that during several days last year we were praying for some volatility, as day traders the hardest time to trade is when market is too tight in ranges of less than 10 points, we had to wait for hours for a 3 point target, it was really frustrating to see just 1 or 2 trades a day, during those days I kept telling traders in our trading room to be patient, we knew that volatility would be back sooner than later, but not even in my wildest dreams I would expect something like we've seen this week, not even in 2008 when 50 point swings were normal during a trading day.

Day traders have had so many opportunities to trade this week, too many actually, we had to skip some setups trying to take the higher odds trades only, but even a small rotation would give us +8 or 10 points, really incredible to see so many chances for +10, +20 points on ES, those who had the courage to trail some of those trades could have been able to make even 300+ points in the week!

There were so many "wow!" moments that they became common place, we got used to take profits of at least +10 points on most trades, long story short we achieved 2 of the 3 targets in our Challenge #14 - from US$ 10,000 to 20,000, and on Monday we reached our 1st milestone at US$ 12,000 after just 1 week, and yesterday we met our 2nd target at US$ 15,000 and broke it closing the week with US$ 16,000+ in our Challenge account.

If you have been following our work for some time you know our system is called the "Diamond Setups", a simple set of rules and trade ideas that we follow to be consistently profitable in the markets, if you still trade without a trading system, learn how to use ours:

Join us today, click here to learn more: Diamond Setups

"Man’s mind, once stretched by a new idea, never regains its original dimensions." ~ Oliver Wendell Holmes