Some of you may heard the Day Trading Academy by Marcello Arrambide. Over 4700 people a month are looking for information on the academy. Some of them come from ads, Google, or referred by friend. The interesting topics to discus are:
- What is Day Trading Academy actually?
- Behind the Day Trading Academy
- Type of students who can join the academy
- Training method of DTA
- Curriculum and strategy employed by DTA
- Live trading room and review class
- Expected results after training completion
- Should you join DTA?
So here is my personal two cents in the matter concerning Day Trading Academy…
What is Day Trading Academy?
Day Trading Academy is an institution that is teach their students any aspect of day trading. The academy uses a generic approach to their trading strategy to make profit in trading in a daily basis (less than 24 hours).
Basically the Day Trading Academy teaches and trains newly enrolled students on the basics of the stock trade, the trading system and how to use this trading system. This should not be related to advising the students as that is not the case.
Behind the Day Trading Academy
The academy was started by Marcello Arrambide who has a vast knowledge about the stock market with an experience in the field spanning close to two decades having been in various day trading firms across the world. His main task in these companies was to come up with trading strategies and perfecting these strategies in order to accrue profits.
He started the academy after realized that a lot of traders are looking for the best strategies to day trading. He therefore had the plan of using his academy to train people on the ways to day trade in order for the students to be able to trade efficiently without any dependability.
The long run aim of Day Trading Academy is to ensure all traders who have passed through the academy realizes financial freedom. Financial independence involves enjoying the life of trade as one makes profit instead of viewing trade as a daily nine to five job.
The academy has teachers with various backgrounds, however all of them are real live traders as the academy’s policy is to hire only real traders.
After the training, the academy will let the trader trade stock on the actual live market using the academy’s funds as well to showcase how much trust in the process the academy has.
Types of students who can join the academy
There are various types of students with which the academy as can be able to successfully train. Before commencement of the training, every students need to fill some questionnaires. These questionnaires are to categorize the students based on their knowledge of the trade market. The categories are either an amateur trader or professional trader.
The first type of student is the amateur or beginner trader. This type of student has no experience whatsoever in the line of trading but is eager to learn the concept of trading and get the required skills in the trading sector.
The second type of student is the experienced or professional trader. In this case however professional the person may be, he or she is still incurring losses or having an unsteady profit margin in the trade sector.
It should be noted that trading is not for a specific intellect of people as anyone can be taught and trained about day trading. Therefore you don’t need bachelor’s degree or any form of university/college degree or even a background knowledge of the stock market to join DTA.
Lastly, all requirements of the students are provided by the academy.
Training method of Day Trading Academy
The course of training lasts for a minimum of three months for which the student ought to transition from an amateur to a fully-fledged professional trader.
Once enrolled the speakers, who could be the founder and the academy trainers give talks to the whole group. The subject matter basically involves psyching the students up for the training program as well as giving a brief history of the academy.
Students are grouped based on their level of knowledge on the market. This process is helpful for the students with little to no knowledge.
The next step involves walking the student through the set-up of the trading platform; the platform will be used to showcase the student’s trade pattern and progress as the training continues. The trading platform in this case is more of a simulation rather than an actual live market. The simulated platform is first used to prevent any loss of actual money by the student, who my make numerous mistakes, thus master the craft of trading.
Relevant materials that are required by the students are also provided for assistance during the course in the Day Trading Academy. I was however told that my transitioning to the live market would be determined based on my level of understanding and mastery of their training and teachings.
Curriculum and strategy employed by Day Trading Academy
The strategy involves to reduce the number of indicators to a very few numbers and use only one chart. The aim is to use only one market chart with no indicator in those charts. This in essence makes the mastering of the day trade as simple as it can possibly be. This is the strategy being employed and used by all the live traders at Day Trading Academy.
There are 4 main parts inside the curriculum, they include:
Part 1: The Beginner Section
In this stage, the student has no idea of how to make profitable trades, the rules of trade or the ethical standards in play. Therefore the student is made aware of all these aspects fully.
Part 2: The Intermediate Section
Involves training of more complicated aspects such as the maximization of risk management, what instances one should desist from making any type of trade as well as the aspect of profit targets and the methods of maximizing this target.
Part 3: The Advanced Section
This stage involves using the simulated platform to trade with the changing dynamics. The purpose is to gauge the student’s level of thinking and response in related to those changes. These tests are also to observe whether the trader will apply the strategies learnt from the intermediate section to the simulated platform.
Part 4: The Pro Section
This section essentially involves the transition to a live market to test all skills taught. After analyzing various strategies that have been proven to be effective the best one that is the most preferable to an individual trader is used.
Basically the information taught is spread out into learning stages and blocks in these 4 sections. Information gets deeper and more critical as each block got passed. Passing would only occur when the level of trade consistency, by the individual student, in relation to the teachings of that module had been achieved.
Using tests or checkpoints the student gets to know whether the concept has been mastered as these tests reinforce the information received. This criteria is efficient as a new block stage is only realized after passing a particular series of tests to gauge one’s performance.
The training program and Congressive Training system
The Congressive Training is a system that enhances flexibility of the trader on their mechanism of trade. The flexibility also enhances the traders’ adaptability to the dynamic changes of the market. The system therefore helps maintain a consistent success rate or profit margin, instead of having a period of loss after having a period of profits.
Basically the system employs 4 main concepts:
- Trade made should strictly be on stocks.
- Make sure to have a greater winning rate than the losing rate.
- Employ discipline and be sure to follow the plan that has been developed.
- Be simple.
Basically these key concepts resemble the criteria through which the trader should think while trading in order to be successful. It is however important to first follow, as an inexperienced trader, the patterns and strategies used by the academy in order to improve one’s skill and aptitude in the market trends.
These concepts bring about the realization of three main virtues in trading: simplicity, affordability and efficiency.
Live Trading Room and Review Classes
The classes are running for two days in a week. The topics of discussion that are critical to the training process are covered in detail. Observation and analysis of the live market and its trends is also discussed in those classes.
After finishing the live classes, the next stage involves the commencement of the review classes. In this stage, any pending questions that one might have will be discussed and clarified. This stage acts as an open forum for any form of clarification by any student thus help in the maintenance of consistency by the trader. The review classes usually last for close to three hours.
Expected results after training completion
Below are some achievement you may expect by completing the Day Trading Academy training program:
- The ins and outs of the market and basic concepts involved in trading.
- Support and resistance areas.
- Mastering trend lines.
- Price action which is the basis for stock analysis.
- Trading psychology which entails the mental state or emotions that assist in determining the profit or loss of a trading security.
- Emotional intelligence which entails the understanding of one’s emotions as well as others in order to use that information to make a successful trade.
- High probability trade, which are speculative trades, with the ratio of reward to the risk being 2 : 1.
- How to set-up and efficiently use the Day Trading Academy trading platform.
- Get historical data to review strategies.
- An improved market aptitude; in this case it would be a natural ability of the student to efficiently trade and make profit.
Day Trading Academy Price
The course is in the price range of $2,997 for the three month session. The fee covers all services pertaining to the online access, a personalized mentoring strategy by the trainers, and live trading and review classes. This is the basic package. Other packages with additional services like time and mentorship are also available.
These are the main reasons why you should choose Day Trading Academy over other training groups:
Good knowledge to understand how the market works
Main agenda is to make the learner dependent on oneself while trading and not any indicator or software that will make the learner depend on it for their day to day trade.
Training strategy employed works in any and all market environments
This is whether the market is up or down. It should be realized that the market is not a constant matter but is always changing, thus termed as being dynamic. It is therefore important to be able to trade proficiently in a trending market as well as in a dormant market.
The training platform is clear and easy to understand
This entails from the basic learner all the way to the professional trader. Care is taken to each level of trader as no one is side lined in the training process.
The teachers and trainers are actual traders
Teachers used by other firms tend to be those who are not active traders, thus their information is somewhat obsolete. Day Trading Academy trainers are live traders and thus you will get to know the actual market trend and the changes occurring thus get a better insight on how the market is and how it operates.
There are few to no disadvantages of this academy, however the noticeable ones are:
The false marketing strategy implying one can never make a loss after using their strategy
On their website, they are claiming that by learning their strategies you will never make a loss. What should be meant is that the student will be able to get a higher rate in making profit than that of making loss.
By claiming to make the student have no losses after the training implies that the academy might have all kinds of insider information which is not the case. No matter how good are the pro traders, they still can make any mistake, or the market becomes “out of theory” sometimes.
Students need time to master all the knowledge and strategies
Like stated earlier if by the end of three months one is still not abreast with the applicable training, a new package payment is given and this process continues until the student is fully trained.
Conclusion: Should you join DTA?
From the analysis done above, I would definitely suggest you to join Day Trading Academy for your training. The course provided by the academy is more of an asset rather than a scam that will be meaningless afterwards.
The overall idea that the academy promises is met which is to be self-reliant while trading. This is a virtue I can personally say differentiates it from most of other training institutions. Therefore spending money on Day Trading Academy is a money well spent and should be a major consideration when looking for a trading academy to join.