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Diamond MethodologyMarket Mentor Dick Diamond has found that there are three primary components and two corollary components of trading that can be effectively taught to students during a focused tutoring session. Trading PrinciplesRepresent the fundamental rules that Diamond follows and executes on a day-to-day basis. Many of these rules are very basic - but they are nevertheless extremely powerful and critical to successful trading. Trend Analysis/Background PreparationThese are the daily steps that Diamond employs prior to the markets' opening. Diamond performs a fairly basic analysis during the markets' after or pre-hours in order to gain valuable insight into their overall direction. Short-term Technical AnalysisLike a pilot's instrument panel, these are the tools that Diamond uses to determine his specific trades and trigger points. Over the years he has developed a comprehensive understanding of the most effective technical tools available. The final two components of a successful trader are discipline and market experience. Clearly, without the sound discipline to rigorously follow the rules, traders will find themselves less likely to succeed. Fortunately, Diamond's teachings are not complex theories or mathematical equations. They are a practical "survival of the fittest" approach to trading that he attributes to his success as a trader. Although there is no substitute for experience, learning from this industry
veteran can accelerate a student's learning curve. Diamond will be the
first to admit that he has made several mistakes during his career as
an active trader. In fact, he strongly believes that if he had received
his teachings and lessons at the beginning of his career he could have
accelerated his trading progress by as much as 20+ years! Beginners benefit from developing a solid foundation and fundamentally sound approach to trading that can't be taught from a retail-trading course. Like the beginner golfer getting a week-long lesson from a PGA professional on the course rather than reading a book on the fundamentals of golf, Diamond's hands-on approach provides the student with a custom tailored methodology that accommodates their individual skill level. Advanced traders are always looking to improve their game, and they have found that Diamond's tutoring has helped them greatly accelerate their gains. His teachings have helped fulltime and part-time traders alike. |
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Past performance is not indicative of future results. There is a risk of loss in trading. |
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