April 17th 2009 testimonial post at T2W quoted below (as displayed above - editor has added paragraph breaks to ease eyestrain):
Day Raider Review
I thought I would write a review as I feel it is warranted to make known how good this method is. I said method not SYSTEM. As a fulltime trader, I am continually looking to improve my trading arsenal with new methods and markets and I have been drawn recently to futures from US Stocks because:
My due diligence of mentors led me to a shortlist of three top futures traders/trainers. Stuart came out on tops after an initial chat as the other 2 S&P traders focussed more on scalping the order book with big size. This did not appeal to me, but Stuart’s method of catching every reversal and staying in the trend for 90% suited me.
Stuart knows the Dow like the back of his hand after 12years watching and trading the same market day in day out. Potential students must be serious about trading and earning v.good money as Stuart does not want time wasters. The most important part of Stuart is his teaching and his passion of how good the method is, he literally has it cracked! What he describes is, in my eyes, complex and extremely technical but he makes sure you don't move onto the next part until it is fully understood.
You do have to do your homework and start thinking for yourself and not just having it handed to you on a plate. Some people would disagree with this, but in my experience, a lazy trader who cant think for themselves or take the initiative and back test the theory, will IMO not be successful. It does take 3-4 weeks to memorize and back test the theory.
Stuarts method starts at the ground roots, how to read a chart, even this opened my eyes, then you learn about the reversals specific to the Dow. Then you learn about institutional mechanical systems and 5 day money flow and where they take positions to hold overnight. Yes you can even trade with the institutions overnight. Then you learn to identify every reversal that happens, you can describe a whole days worth of trading and explain why it reversed. Lastly there are behaviors that are only exhibited by the Dow. After you’ve worked out if the mechanicals are long or short, you wait for your reversal rule, which has to coincide with 2+ Dow behaviors, then you learn about how to take low risk entries in Dayraider.
Dayraider has proprietary indicators that graphically display optimum entry and exit points. It is not a signal system, be careful here, it is a methodology that still requires some discretion and judgment. The learning materials are awesome, there are many streaming videos and you have unlimited support for a whole year, none of this 1-2 months support that some mentors offer, you can just skype Stuart whenever which is really handy.
I used to believe that the indices had no movement, well if you catch every reversal which I am 70% there, then you got yourself, 10-18 low risk reversals ranging from 30-200 points each. Yesterday we had a 100 point downtrend, with 2 20-30 point pullbacks, then a 100 point uptrend with 3 20-30 point pullbacks. By my calculations that’s 350 points average. Already this week, 3 days, I have made 800+ points.
Regards
Lee
- Focusing on one instrument day in day out is less complicated and more productive. I’d rather be a master of one than a jack of all trades.
- Each individual stock has it's own characteristics of price movement and it's character can change from day to day, making it either a good or bad choice to trade at any given time.
- Market liquidity. Futures are always liquid enough. Market orders are instant. No strange fills or jumps in price.
- Share size allocation easier
- Spreads remain constant and are not jumping about
- No risk of random company news
- Less stressful – finding and juggling stocks, analysing the futures, analysing sectors
- No market maker games
- No routing decisions
- Taxes less complicated
My due diligence of mentors led me to a shortlist of three top futures traders/trainers. Stuart came out on tops after an initial chat as the other 2 S&P traders focussed more on scalping the order book with big size. This did not appeal to me, but Stuart’s method of catching every reversal and staying in the trend for 90% suited me.
Stuart knows the Dow like the back of his hand after 12years watching and trading the same market day in day out. Potential students must be serious about trading and earning v.good money as Stuart does not want time wasters. The most important part of Stuart is his teaching and his passion of how good the method is, he literally has it cracked! What he describes is, in my eyes, complex and extremely technical but he makes sure you don't move onto the next part until it is fully understood.
You do have to do your homework and start thinking for yourself and not just having it handed to you on a plate. Some people would disagree with this, but in my experience, a lazy trader who cant think for themselves or take the initiative and back test the theory, will IMO not be successful. It does take 3-4 weeks to memorize and back test the theory.
Stuarts method starts at the ground roots, how to read a chart, even this opened my eyes, then you learn about the reversals specific to the Dow. Then you learn about institutional mechanical systems and 5 day money flow and where they take positions to hold overnight. Yes you can even trade with the institutions overnight. Then you learn to identify every reversal that happens, you can describe a whole days worth of trading and explain why it reversed. Lastly there are behaviors that are only exhibited by the Dow. After you’ve worked out if the mechanicals are long or short, you wait for your reversal rule, which has to coincide with 2+ Dow behaviors, then you learn about how to take low risk entries in Dayraider.
Dayraider has proprietary indicators that graphically display optimum entry and exit points. It is not a signal system, be careful here, it is a methodology that still requires some discretion and judgment. The learning materials are awesome, there are many streaming videos and you have unlimited support for a whole year, none of this 1-2 months support that some mentors offer, you can just skype Stuart whenever which is really handy.
I used to believe that the indices had no movement, well if you catch every reversal which I am 70% there, then you got yourself, 10-18 low risk reversals ranging from 30-200 points each. Yesterday we had a 100 point downtrend, with 2 20-30 point pullbacks, then a 100 point uptrend with 3 20-30 point pullbacks. By my calculations that’s 350 points average. Already this week, 3 days, I have made 800+ points.
Regards
Lee
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