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The Day Trading Academy was born out of my own passion to achieve my dream, freedom. Through my presence online I have been contacted by a countless number of people for tips and advice. Through this site, I plan on sharing how to get started day trading and also how you can become a top notch trader. Only 10%-15% of day traders make money and being in this industry for 10 years I plan on sharing everything I have learned along the way. Sign up below so you won’t miss another update!
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Owner unresponsive - System is marginal at best
I signed up with this program over a year ago- and wrote an honest review earlier which is buried. When you purchase this $3000 program it comes with lifetime access to the training

material. I decided I wanted to review some things last week and discovered I am now locked out.

I have sent 3 mails to Marcello and received no response. Also sent mail to Lindsay and her mail bounced as a bad address. Hmmm.

Since this is a breach of my contract with DTA I have filed a complaint with my credit card company.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Too expensive. False claims. System doesn't make 2 pts a day
Ok I want to be as honest as possible with this review...overall I think it is way too expensive for what you get, considering it is all pretty basic stuff and the set of indicators you can set up yourself on any chart for free. However, I know there are way worse courses out there that don't teach you anything useful. I think the system itself isn't that bad, but I find it hard to believe that you can make 2 points a day with just the system alone like Marcello claims. The "pro" traders that make a lot are definitely using some of their own strategies alongside it or have changed the system a little to perfect it more.

The website has been updated recently but the curriculum is still poorly designed and there are pages that have been left half done and "under construction" for months now. Many of the videos have a lot of rambling in and repeating and it takes a hell of a long time to go through them all. I guess this isn't really a big deal as it is the content that really matters, but it just makes it worse.

When I had access to the live classes they weren't very regular at all, maybe that has changed now, but there weren't any for weeks and then Marcello would do like 3 or 4 in a week and then leave it again for a few weeks. I got the impression they would be more regular. I didn't find the classes that helpful either, as you can learn all the stuff Marcello is regurgitating in the classes and learn the system yourself. You don't learn much more through attending the classes than you would from simple experience in the market. A few of the classes weren't even held by Marcello and were ran by one of the "pro" traders.

The main issue I have is there is no actual proof of the claims Marcello makes. I feel extremely stupid to have been fooled into spending the thousands of dollars for what I got in return. In theory it seems like a good idea, and you want to believe it, but it really is too good to be true. I have sent many emails to Marcello asking for proof of him actually making these successful trades, and he always either avoids it or simply says no with no good reason.

You only get limited access to the forum as well, which I was unaware of, and then you are banned from it. Not that the forum is useful anyway, as it is extremely inactive and has hardly any useful content on it. I did find it useful to estimate how much he is making from the site though as you can see how many new members are joining.

He claims that you need to practise the system for months before going live with it, which I think is a great idea and advise anyone to do this before going live with any system, however after nearly a year of practising in the live market (where you truly learn) I've lost a lot of money with this system and can't seem to be able to achieve the 2 points a day like he claims. I am not going to give up though, I'm going to still trade and maybe one day something will just click and the system will work. Who knows. I'm interested to know what determines whether or not people make money with this system, as a whole lot seem to be successful (even if there isn't any proof of that) and a whole lot seem to lose all their money. The system isn't that complicated so I don't know why this is the case.

I hate to say it but I think all the money Marcello makes from selling this course is what funds his travels and what lures people into believing it is possible to day trade and travel the world. I've asked him about this and he actually claims it is being saved up for the "day trading centers" which I will be surprised if they are ever started properly. There just never seems to be anything solid and transparent with what he says. There are never straight answers, and theres a lot of salesman type talking ("only 1 place left on the course!!!" for example..).

I still do not understand how Marcello isn't a millionaire or even billionaire by now...making 2 points a day with any system and compounding some or all of the profits will make you a millionaire in a few years or less (do the math it is true). When I asked him about this he just avoids the question or just says "No Joe that isn't possible" or some rubbish when making 2 points a day will actually make you a millionaire, unless you withdraw all your profits which would be extremely stupid. Even with his travelling he would still have a lot of money left over, and never does he seem to travel in style...he must have a lot of bank accounts with a whole lot of money in not doing anything, either that or he gives all his money away to charity! This is why I think he is just living partly off the income from the course, as it wouldn't be making him hundreds of thousands but just enough to travel around the world freely and stay in relatively nice places. He says coming from a poor background makes him not bothered about spending big or staying in fancy places, which would be fair enough, however he really doesn't spend big at all which goes against human nature really. For all we know he might have come from a wealthy background anyway!

I'm going to end by just advising you to just think long and hard about signing up. Make sure you do you research and email Marcello yourself asking for some proper solid proof of all the money he makes using this system. You probably won't get any and don't be fooled by "proof" that isn't really proof. If someone is truly making 2 points a day, they should be able to actually show you, for example there is not one video of marcello trading live. That's right, there isn't a single video made where you can actually see marcello executing trades using a live account. Until I see a video of him doing so I will forever believe this system isn't capable of making 2 points a day.

I think the easiest way to make money using the system is to sell it to other idiots like myself and fool them into giving you thousands of dollars. Actually trading using the system seems to be too inconsistent. Some days it works alright, but most it doesn't if you take all the trades.

P.S the reviews and conversations on the forum post here is interesting: http://www.bigmiketrading.com/vendors-product-reviews/26082-day-trading-academy-marcello-arrambide-www-thedaytradingacademy-com.html Marcello actually made up a fake account and posted there to say that the course is good and whatever.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Subject to verification (proof)
I wrote to Lindsay at TDA:

The concern is that trades are shown after the fact. So can you send trading statement for just that one day (October 4)? It seems too good be true. As I have been taken for a ride by many vendors and Marcello says his trading is real, then send proof that he is indeed different? I'll wait for proof on the trading statement before making any commitment regarding the retreat in London. Flying from Portugal to London better be sure that Marcello is the real deal and not just another vendor showing trades from the left side of the chart (i.e., hindsight).

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

I replied back:

Thanks for the comprehensive reply. I am 100% certain that no claim was made that a student will make 12 points a day. The average 2 pts per day for beginners very clearly spelled out, which is a good performance of course.

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 trade 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 produce less than that? See my picture of this questionable trade http://www.mediafire.com/view/?tz6djnda9z02hza. 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.

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7 of 11 people have found this review helpful.
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Thipires Monte Gordo

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It's unfair must read this!!
Okay I have been wondering if I should do this for a while. I think they are okay their methodology is what you would say for the lazy trader who wants a slight edge in the market. You can learn the whole methodology in about two to three hours. Very basic. Some people are making good money with it, some are not. It's a mixed bag. The good traders usually boast about it, the ones who are getting smashed are too emberassed to say so, and they stay pretty quiet about it. I think it was a descent course, but definitely not worth the money. I think Marcello's methodology is the work of Chris Dunn. I spoke to a trader and we compared and they both are selling the same thing. Marcello is a better marketer though, he tries to create an exclusive limited time only thing. I think it's adolescent but hey whatever floats his boat. If he is going to teach then teach, no one wants you to push them because you may never teach again. I think he thinks that how he can get more people to pull the trigger and buy his course... I joined because I wanted to. Lastly I must say that these reviews from his students are all positive because he offers anyone who writes a testimonial a free month in the trading room. I think that really stinks. People are getting compensated to write a review. I think that is hogwash. I kept shut about that, then decided its not cool. Some people are struggling and feel that they need to try to get as much as they can from him. If its a free month to save $150.00 then so be it. They feel that maybe that free month will give them the clarity they so desperately seek. NOW THAT IS THE TRUTH. His method is at best okay.,,,, You will get beat up from time to time and in the long run you will probably be ahead. You have to understand that there will be some really bad days and if you have the staying power then you can make it.

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Realtrader88 coringth avenue, California

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Free Report and updated trading Blog
I like this site over his wanderingtrader.com site because he updates it regularly and has reviews.

You can get a Free report by signing up with an email. I read them and they were good as well.

He has a trading training program as well but no current opening, I guess.

He talks about "pros room and advanced traders" and if you want, you can sign up for his Diamond Elite Mentor Program for $6000.00 for 6 months.

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Krash Chicago, IL

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Intensive. Hard work. But I am seeing progress
I had been a student of The Day Trading Academy for 16 months but I had not been consistent with my learning and sim trading.

I decided to take a plunge with Military Training and I did not regret my decision. Manny, one of the Professional Trader who is a Senior Instructor of the company had flown down to Medellin, Colombia to have a week of intense coaching to take my trading to the next level. We went through a simple and manageable process to trade to prepare me to go live. It was intensive, but I can feel myself getting new insights and making progress with my trading.

Will return with an update after an extended period of going live.

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GrahamChong Stafford, Staffordshire

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Long and hard training but definitely feasible !!
Learning to day trade take time and effort. Those who think they will make tons of money very quickly are wrong. It is a learning process that involve some frustration at beginning but eventually will be rewarding. Keep working hard with Marcello, follow his advise and give yourself some time (months) and eventually the balance will be in your favor.

Marcello definitely wants you to succeed and he's ready to do a lot to help you. I'm glad I sign up with his program and I'm looking forward to carry on my learning with him !!

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2 of 5 people have found this review helpful.
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Emini Day Trading with Investing insights
More of the trading avenue and connected with WanderingTrader.com. Has loads of emini recaps and they focus on day trading the emini sp 500. I enjoyed the sporadic investing posts about the future of the economy and dollar.

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Committed and Passionate
I know this site through Marcello's wanderingtrader blog and promptly signed up for the DTA course.

Materials provided by DTA are great and clear. The attention you get during live lessons will definitely give you the confidence to start trading live asap.

I highly recommend this course to anyone who is interested in day trading.

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Simple, progressive and intuitive!
I came across Marcello's travel blog while travelling myself in South America. I had resigned from my previous 9-5 job in order to fulfill a lifelong ambition of travelling for an extended time and had begun researching alternate ways of earning a living to the usual 9-5 grind.

Marcello informed me that he had a place for me in the inaugural retreat that was to be held in London. I signed up and immediately rerouted my itenirary to ensure my attendance at the retreat. I used this time to go through as much of the curriculum as I could although attending classes proved a lot more challenging. Marcello and Lindsay were very understanding about the unique circumstances that were affecting me and were very accommodating in ensuring I did not miss out.

The retreat was an absolute success! I met the man himself. Very charasmatic, knowledeable and well travelled. I managed to learn an incredible amount in a relatively short space of time from him and some of his more experienced students. Although I am very much still getting to grips with the market environment and setups I am confident that with Marcello's feedback and guidance, I too can achieve a level of freedom that he has attained and that I dream about achieving each and every day.

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4 of 6 people have found this review helpful.
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Bruno Johannesburg

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