I would like to know if anynone here, did this Marcello Arrambide´s courses at " TheDayTradingAcademy.com".

On the surface this seems like the perfect "academy." Lot's of testimonials, but no proof of any sort to back them up. So you'd be wise to consider the issues raised by this negative review Reviews of TheDayTradingAcademy at Investimonials

I received a lengthy reply, which in essence says "no, we will not provide proof of trading."

I replied back:

However, all vendors make claims that they can't prove. And your organization now falls into this category because

a) you promise daily "recaps" ( hindsight trading);

b) the head trader says he made 12 points on 10/04, but is unwilling to prove it;

c) you direct me to see statements on your website, but there are only 6 statements there for last 10 months and they are NOT representative of the type of trading Marcello is promoting. That is, I read through the statements and the trades listed don't corroborate the type of day trading shown on the webinar.

I have watched several of Marcello's public videos that show his hand-drawn results on the chart. Very nice. But never, ever, he showed his real trading screen. For now, I remain skeptical.

Additional facts:

a) Have you seen how Marcello always has "just one more spot left"?

b) How did he get 2 points from a move that produced less than that? See my picture of this questionable trade Free Online Storage - MediaFire. At least where Marcello's arrows point to could not have produced two points. He can either move the arrows around a little bit or show his trading statement.

I got on his mailing list and received links to some of his intro videos. Marcello, assuming he is the main instructor, likes to show intro videos showing him at exotic vacation spots like Rio and Gibraltar. He looks extremely young for having claimed 10 years trading experience, and then he says he just uses one computer, a laptop and it didn't even seem like a high-end laptop. Uncomfortable to say the least. It's fine to have fun in a video and a lax attitude intro to it all even though the vibe seemed like a college or highschool "academy".

Anyways there was some comment on the page about a student who blew up his account yet it was tried to put it into a context of a "bigger trading plan". It was not very inspiring or confidence building to say the least. Comments follow the blog post.

Investing & Day Trading Education: The Day Trading Academy

Someone emailed me screenshots of their sessions at DTA. It's the same as the recent "recap" screenshots on the main site. Basically the method is to wait for a full penetration by price on the main center moving average of the bollinger bands, then enter on a retrace tag of the main EMA. A very common retrace entry idea. With supposedly some extra bias from the "yellow" moving average, whatever it is. That's all it is. My pal said the sessions were just the usual babbling over the supposedly good trades in recap hindsight which are those "screwcap" red and blue markers yet never any NT entry markers when the chart can be plainly seen to be an NT chart. And how can one even gauge meaningful HLC price action from those price bar types. (example)

https://daytradingacademy.com/day-trading/market-recaps/february-4th-recap/

For $2k for the standard program one would expect the instructor to show live trades with markers. Anyways glad I didn't sign on. The intro videos from the free email list registration are entertaining and showing vacation spots and locales.

I raised some of the same issues but frankly this is a problem with the industry not just one company. I actually decided recently to join them and found it to be quite refreshing in comparison to most companies in this industry. I attended many sessions before I joined and one of the things that I like the most is that they have actual students teaching classes. There must be over 10 students that are trading live and making money most of whom I spoke to before joining the program.

All sales aside I think that the company may be one of the different ones in the industry. I would be happy to talk about my own success with DTA if anyone is interested in discussing it. Every company has its negatives and positives and being someone that has bought quite a few programs I would say that they are one of the best in the industry

Moderator Notice The user MichaelTrading20 (posted above) has been banned. He pretends to be a user, but in actuality he is the vendor discussed in this thread - "The Day Trading Academy". I have proof of this. This should tell you all you need to know about doing business with this company. I have left the post intact for others to see.

Mike

marcelorgil 

I would like to know if anynone here, did this Marcello Arrambide´s courses at " TheDayTradingAcademy.com".

I'll save you the $2000. I was able to recreate their charts with some simple trial and error looking at their videos.
The Yellow Line is a Moving Linear Regression set at 89ish.
The band is a Keltner channel with the middle line set to EMA 55ish. with prob around a 3.5 multiplier to the upper & lower band.
Take trades with momentum off the middle EMA, with a tight stop, that's it!
You of course can learn all of this yourself with the tools and wonderful people right here at NexusFi (formerly BMT).
Now stare at the price action everyday for a few weeks and you will see how it all works.

Take yourself and the family out to a nice dinner with the money you saved.

Ha, yes what skoosht said. Marcello's "customized" indicators would be very easy for someone to figure out who is decent at that stuff. I am currently a member and here is my review:

Marcello uses a 610 tick chart to trade with. The indicators he teaches to use are a "customized" MACD, Bollinger Bands and an EMA (or some other MA). I'm not sure what exactly the setting are b/c he has to register your NT to get them to work but I'm sure like skoosht said they are not hard to figure out. The main trades he teaches is waiting for price to come back to the middle Bollinger Band and then take the trade from there in the direction of the trend. There are a couple of other things to do with the EMA and MACD but that is the basics of it. The starting profit target is 2 points and the initial stop loss is 1.25 points on the ES. As you become better using his trading style you can incorporate "advanced" trades where you do not go by the rules from his indicators but more on the feel of the market. He also has an "advanced" section but I never made it there b/c he says that is only for his successful and advanced students so I wasn't really sure what to make of that. Every week you send in your trading log that he provides for you to fill out for all of your trades and a screen shot of your trading charts for the week. He then looks at them and sends you a review of how you did and where you can improve for the next week in a 3-5 minute video just for you. He also replies to emails pretty promptly and I've spoken to him many times about trading. From what I've seen he doesn't have a live trading room every day. About 1-2 times per week either Marcello or one of his successful students teach a live class where they talk about what is going on in the market for that day and they call out potential trades. At the end of each trading day he does a market recap of all of the trades he would recommend to take. As others have pointed out they are not his trading charts b/c the buy and sell orders are missing from the charts.

Is Marcello a businessman? Yes. He uses the corny lines such as "Only a couple spots left so sign up today" during his presentations where he is looking for new members. I think he definitely makes safe passive income by getting new students every couple of months. Is Marcello a scammer? No. Based upon my time at DTA and my interactions with Marcello he has been very helpful in helping me try to become successful using his trading style and didn't just take my money and have me watch a bunch of videos and offer no support. He doesn't provide 1 on 1 coaching for his membership if you are looking for that.

If you go to Investimonials you'll see he has a very high rating b/c of all of the positive reviews. I'm not knocking Marcello b/c I do not think he is a scammer but the reason why almost all of the reviews are positive is because they give a free month's subscription to their paid services if a member gives them a review on that site. They don't tell you it has to be a positive review but I think it's pretty obvious that they wouldn't give a free month's subscription to someone who left them a negative review. You just have to tell them your name on that site and that you gave them a review and they'll credit your account. I think most of the reviews are pretty honest b/c if the guy was horrible or a scammer then even a free month's subscription wouldn't have people give all of those good reviews. But it is something to note that they do provide an incentive for their members to give a positive review for them, they all are not out of the goodness of their hearts.

After your paid time ends you can then pay $150.00 per month to have access like you did before. I did about 5-6 months of daily chart reviews in Sim using NT's market replayer and I came to the conclusion that his trading style is not for me. I do not regret signing up for his course b/c I do think it really has helped me in my trading but his certain style of trading does not fit what I am looking for. Of course I wish I had the money back which is why I've signed up here at NexusFi (formerly BMT) b/c the amount of information and knowledge contained here is astounding.

I see that someone created an account to act like a member here who probably works for DTA which is discouraging.

The guy is not a scammer... but what would you call someone who posts videos with "trade" arrows that he pretends to be his trades?

MichaelTrading20 

I raised some of the same issues but frankly this is a problem with the industry not just one company. I actually decided recently to join them and found it to be quite refreshing in comparison to most companies in this industry. I attended many sessions before I joined and one of the things that I like the most is that they have actual students teaching classes. There must be over 10 students that are trading live and making money most of whom I spoke to before joining the program. All sales aside I think that the company may be one of the different ones in the industry. I would be happy to talk about my own success with DTA if anyone is interested in discussing it. Every company has its negatives and positives and being someone that has bought quite a few programs I would say that they are one of the best in the industry

LOL! I bet this type of behavior is very rare in the trading vendor world..

LL Cool J-That's A Lie - YouTube

skoosht 

I'll save you the $2000. I was able to recreate their charts with some simple trial and error looking at their videos. The Yellow Line is a Moving Linear Regression set at 89ish. The band is a Keltner channel with the middle line set to EMA 55ish. with prob around a 3.5 multiplier to the upper & lower band. Take trades with momentum off the middle EMA, with a tight stop, that's it! You of course can learn all of this yourself with the tools and wonderful people right here at NexusFi (formerly BMT). Now stare at the price action everyday for a few weeks and you will see how it all works. Take yourself and the family out to a nice dinner with the money you saved.

Who cares? You can study it all you want but its likely worthless IMO because the guy teaching it has no evidence he knows how to use it real time or if its even a real tradeable edge.. I've mentioned this many many times and it never ceases to amaze me that there are always so many naive people paying for what is obvious BS.. and then defends it, because now their own ego is tied to their bad judgement.. Always stay with this rule if you're going to pay... evidence! Show statements or real time results and ideally both.. because there is no shortage of BS.. Here's the bottom line for those wanting to learn day trading: THERE IS NO EDGE THAT IS HUGE.. EVERY EDGE YOU HOPE TO CAPTURE WILL BE SOMEWHAT MARGINAL. THEREFORE, THE PROFITABILITY IS IN THE EXECUTION.. W/O SOMEONE SHOWING YOU REAL TIME, YOU HAVE TO LEARN THE OLD FASHION WAY AND PUT IN SCREEN TIME 1'ST SIM THEN LIVE.. TRIAL AND ERROR.. PICK UP SOME TIPS FROM OTHER EXPERIENCED TRADERS AND PRACTICE AND CREATE YOUR OWN JEET KUNE DO..

Oaktown's 357 "Turn It Up" - YouTube

Bruce Lee - His Own Words (Part 1) - YouTube