This may be one of my last days on Easter Island so I have been traveling around the island once again in order to take enough pics to share with all of you. This is an amazing place and a very unique location in South America (its off the continent I know but South America is the only way to reach Easter Island). I would put it right up there with the Galapagos Islands and Machu Pichu.
The Moai Statues on Anakena Beach on Easter Island
The market volume has continued to be quite low in comparison to the rest of the year but we are still getting very good movement. That is if you are able to adapt to the market conditions of course. That is one of the reasons why I am against “rules based trading” because rules limit your ability to adapt.
I think that all new traders should always start out with a strict set of rules in order to learn discipline and patience. Its much more important to allow the market to come to you than to try and force trades. When you pay attention to the market instead of indicators, you are able to adapt to how the market is moving. It’s one of the reasons that we still have student traders like Lino going live for the first time and making money their first day using the Congressive Trading System.
I’m really excited to share some student charts with you since Brice, one of the members of the LTD Project and also the same guy who came to Brazil to conquer Brazil with me, was finally able to get his charts fixed and own the market today.
LIKE A BOSS.
Brice’s Charts:
We have normal students that are in training and we have Bad Asses in training. Brice happens to be one of those bad asses. I don’t want to let the cat out of the bag just yet but Brice is trading the SPY’s with my strategy and using the charts as a guide in order when to get in and out. The man is so good that he decided to just watch the orders instead of charts and trade profitably as well.
Paul- Another Bad Ass in Training
Paul, if you don’t remember, recently went live with the strategy and was able to make upwards of 6 points on his first day live with the strategy. I was so impressed on his results and trading that I had him run a class last week. Being that we all love to travel, Paul decided to run the class from a small school in the middle of nowhere in South Africa. The sound was a bit sketchy but he did a great job, he also did a great job today with just over 5 points.
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Hey Marcello,
What a beautiful place man, you must be loving it !!
Looking forward to the monthly program, hurry up !!!!!!! 🙂
Cheers
when can i join your trading class
george bock
Hello Marcello, regarding the current situation of crisis in the finances sector, do you forsee a lasting future for the emini trading market? maybe changes will occur? Cuold you tell me in case you heard something? Btw, lovely place you are at!!
Jorge.. really depends on the election. If Obama wins there will be regulations set in place that will limit speculation as they have made it clear that they think that we are the problem. It should start with the oil speculation but it remains to be seen if they will place restriction on say eminis.. since that is essentially a market that follows the stock indexes. If Romney wins the system will remain in place and we will be able to keep making a living day trading, I suspect a serious crisis is coming which will mean more money for traders as long as their is no additional regulation set in place