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Fri - Mar 5, 2010 @ 10:30 AM CST Ended
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Orlando Florida Trading Seminar & Home-Study Course

(www.elliottwave.com)

Dear Investor Trader,

People don't call veteran day trader Dick Diamond "The Man in Black" for nothing.

When you go 40 years in the market – and stay consistently in the money – someone will give you a cool nickname, too.

It's true Dick Diamond's career since 1960 is the stuff of legend, though it bears no resemblance to what you might expect. Dick is no Gordon Gekko wannabe. You won't see him in a million-dollar car or pressed Italian suit – he'll leave that to the Johnny-come-lately trading gurus you see on late-night television and all over the Internet.

Dick's story is quite different. It's about a career of success built on discipline and consistency.

Humble and quiet – yet fiercely confident and independent – Dick began trading his personal account in 1965. He's been doing so ever since.

In the 1960s, market conditions were similar to the 1990s mania, Dick says, everything was going up in price. He used it to his advantage and “rode the wave,” as he puts it, between 1965 and 1968. That year, 1968, he made $900,000.

The next year, the bull market ended and Dick lost 70% of his capital.

That’s when he realized making a living as a professional trader means winning on both the long and short sides of the market. After all, bear markets are not "bad"; they're simply part of the natural market cycle. The reality is markets go up and down; you must be equally adept at finding opportunities no matter their direction.

Put simply, Dick says the trick to making money consistently as a professional trader is learning to successfully trade both sides of the trend. But doing so is easier said than done – that's why Dick's 40-year career is nothing short of legendary.

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