They Took My Trading to Another Level
In July of 2013 one of my good friends and a fellow trader I have been trading with the past 4 years contact me about Marcello and the Day Trading Academy.
As a trader since 2005, I have worked for three proprietary trading firms as well trade my own account. I didn't think there was much more I could learn about trading or technical analysis as I have a Chartered Market Technician designation and a lot of market experience.
The Day Trading Academy focuses on Futures trading though. A market I had little experience with. I decided to join along with my friend and see what the DTA had to offer.
I received access to the program, and was at first a little skeptical. Some of the stuff seemed a little basic, but what I did like was the exercises. A lot of stuff that seems very basic is difficult to see and react to in real-time trading. By being forced to do the exercises on each chapter which get progressively more involved I was much more in tune with how markets move.
Later chapters in the program deal with trade setups. The approach is very simple, and just following these strategies 'by the book', produced good results in simulated trading.
Over the last four months I have been sim trading, taking screenshots of my trades and submitting them for review. I've receive video responses back where a successful trader with the DTA provides feedback on my traders, offers suggestions and ways to filter out the losers (if possible).
As I have progressed the videos have also progressed, offering me more advances strategies as I am obviously eager and able to receive more information based on my work ethic in trying to understand and implement the DTA approach.
Therefore, the written course available to DTA students is only a small piece of the mentorship I was able to receive.
My opinion though is that you get out what you put in. I asked questions, I sent in loads of charts, and I actively tried to be open to and implement what I was taught. There are successful traders with the DTA who are willing to help, but ultimately it was up to me to listen and implement what they taught me.
After trading for 8 years and being a CMT I didn't think there was much more I could learn. These guys have taken my trading to the next level though. I still trade forex and it has helped me there, and I am just now going live with a futures account. The sim results have been fantastic, so the transition to live trading is on me. The system works, and the guidance provided to me invaluable, and I will continue to seek and receive feedback on my live trading.
Also, webinars are usually held twice a week which allows traders to watch live trading and ask questions in live market conditions. This was a great benefit when I first completed the program, but still had some questions.
Overall my experience has been very positive. The course was easy to understand and very concise. There are videos in each chapter which help clarify points, and once I was done the reading/movie watching portion of the course I went on to sim trading and getting personal feedback.
Overall I recommend it, and I have brought several friends on board, also current or former traders, who are now beginning in the program as well.
Cory Mitchell, CMT
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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