The former Letter of Direction program, the Daytraders Dream™, has been completely rebooted.

Using a new software, Rex Leonum™ Algorithmic Trading Software, and exclusively in partnership with Capital Trading Group, the new, updated Daytraders Dream™ is being re-released.

With an official technology start date of October 9, 2023, we are first offering it to former users of Daytraders Dream™ as well as existing students and customers.

Capital Trading Group will be the exclusive trader and partner to use the software via a Letter of Direction program.

As the program is being re-released, we want to offer a unique opportunity to the “early adopters:” Become a “Founders Club” member.

This is a one-time only opportunity, and will only be available while supplies last. The price is $1000 (over $800 in savings off the retail price) plus the Founders Club benefits.

We are offering a total of FIFTY (50) Founders Club member licenses (“seats”), which includes Tranche 1: Daytraders Dream access (the LOD trading program), as well as the following benefits:

Founders Club membership can exclusively be purchased through our approved vendors:
(Bubba Trading, Target Trading Academy, Nova Trading Lab)

New Daytrader's Dream Product Image LOGO
Rex Leonum Algorithmic Futures Trading Software Logo

benefits of joining the founders club.

Early access to future offers

All future offers will have a limited number of “seats,” or licenses, that will be available. Founders Club members will have the ability to purchase a full week prior to public access.

discounted price

Both the initial offer of Tranche 1: Daytraders Dream, as well as all future offers, will be available to Founders Club members at 20% or more off of the lowest available price.

price lock

Once you purchase your tranche seat as a Founder’s Club, your renewal price is locked in so long as you retain your seat renewals. No price increases.

Want to learn more about the Founders Club program or sign up?

Fill out the form and we will get you started.


The risk of loss in trading commodity futures contracts (commodities and futures), FOREX, options, or trading in general can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Commodities, futures, options, FOREX and trading in general have large potential risks, in addition to any potential rewards. You must be aware of the risks and be willing to accept them in order to invest in the markets. Do not trade with money you cannot afford to lose. This is neither a solicitation nor an offer to buy or sell commodity, futures or any other financial interests. The use or placement of any stop-loss or stop-limit orders may not limit your losses and you could lose more than your intended amount of money at risk. No representation is being made that any account will or is likely to achieve profits or losses similar to any discussed here. Past Performance of any trading system or methodology is not necessarily indicative of future results. Any and all systems, methodologies, patterns, statements, opinions, products, materials, services or webinar rooms are for informational, illustrative and educational purposes only and are not to be construed as specific advisory recommendations. We are not responsible for any trades that you may take or any losses that you may incur. Any trades that you may take are strictly taken at your own risk. You should consult your broker or financial adviser before placing any such trades. Any testimonials are not indicative of future performance, profit or success and may not be representative or indicative of the experiences of others or of your own experience


Bubba Trading works on a “payment in advance” system, whereby a monthly payment purchases services for the coming 30 days. All payment terms and conditions are pursuant to the FULL TERMS & DISCLAIMERS, which can be found by clicking here.

trade with confidence.

Rex Leonum™ is the next level of algorithmic trading software. The program is a combination of 10 indicators that simultaneously identifies the common trade from each one until all indicators are lined up in agreement, then it executes.

10 separate indicators identifying a trade simultaneously… TRADE WITH CONFIDENCE.

learn more


Rex Leonum is a custom indicator to assist in trading decisions that tracks trending trades. This indicator is a blend of 9 indicators commonly known in the financial market:

Moving Average: Moving average is a statistical tool used by traders to analyze price trends over a set period of time. It takes the average of a series of prices over a certain specified period, in our case, the past 10/20/30 days, and then plots this average on a chart. By doing this, we spot potential buy and sell signals based on the direction of the moving average. When the moving average is increasing, it is a sign that a Futures Contract’s price is on the rise and is a potential buy. On the other hand, if the moving average is decreasing, it is a sign that a Futures Contract’s price is decreasing and is a potential sell.

Exponential Moving Average: An exponential moving average (EMA) is a type of technical indicator used in trading that is typically used to identify potential entry and exit points. The EMA gives more weight to more recent price points, rather than the standard moving average which evenly distributes the weight across all data points. The EMA's calculation starts by determining the simplest moving average for a given number of days (a 7- and 14-day EMA). From there, the exponential factor is determined by the calculation (2/(number of days + 1)). Then, the EMA is calculated by adding the exponential factor multiplied by the price difference between the current period and the previous period moving average. We use the EMA to determine which direction a contract is moving and/or when it is in an overbought/oversold situation. We use it in conjunction with other indicators to more accurately gauge the direction and momentum, as well as a trend direction indicator. If the EMA crosses the moving average, it is taken as a signal to enter or exit a trade for this indicator.

MACD (Moving Average Convergence Divergence): A trend indicator that displays the relationship between two moving averages of prices. Moving Average Convergence/Divergence (MACD) is a technical analysis tool measures the relationship between two moving averages of a Futures Contract's price. The MACD line is calculated by subtracting the 26-day exponential moving average (EMA) from the 12 EMA. The 12-day EMA acts as the fast moving average, while the 26 day EMA acts as the slow moving average. The signal line is then a 9-day EMA of the MACD line. We use the MACD to measure momentum and gauge trend direction. By plotting a Futures Contract’s prices against the MACD, we identify extreme price levels. If the MACD line crosses above the signal line, then the Futures Contract may be entering an upward trend. Conversely, when the MACD line crosses below the signal line, then the Futures Contract may be entering a downward trend. We watch for the following crossovers as confirmation of trend change: a bullish crossing occurs when the MACD line crosses up and over the signal line and a bearish crossover occurs when the MACD line crosses down and under the signal line.

MACD 4C: The MACD 4C is a trading strategy developed by Thomas Aspray. It is based on the Moving Average Convergence Divergence indicator, which is a trend-following momentum indicator designed to identify when a Futures Contract is overbought or oversold. The 4C of the strategy stands for ‘crosses, crossovers, convergences and divergences’, and it allows for traders to identify a new trend or an imminent reversal in the current trend. By taking into account the overlapping of moving averages and the slopes of their respective trends, traders can find good entry and exit points for trading. The MACD 4C trading strategy helps traders to identify the direction of the trend and take advantage of price reversals. The first step is to plot the MACD indicator on the chart and identify the crossovers of the MACD and Signal lines, which signals an upcoming trend change. Next, we look for convergences and divergences between the MACD and price trends. If the price trend is pointing upward and the MACD is heading downward, this means that the current trend is about to reverse, and we take this as a signal to close their long positions and open short positions.

RSI (Relative Strength Index): RSI (Relative Strength Index) is a technical indicator that is an oscillator that measures the speed and change of price movements of a Futures Contract over a given period of time. The index moves between 0 and 100 and is used to gauge whether an asset is overbought (above 70) or oversold (below 30). We use the RSI to help predict potential reversals in the Futures Contract's price trend. When the RSI is overbought or oversold, it is an indication that the Futures Contract is in potential reversal phase: If we see the RSI get overbought, we take a short position; if the RSI is oversold, we take a long position. Another way we use the RSI is to look for signals of divergences between the indicator and the price action. This happens when the indicator is either diverging or converging with the price, and can is an indication of a reversal.

Stochastic Indicator: The Stochastic Indicator is a technical indicator based on the idea that prices close near the high or low of the range when the asset is trending. It provides a range of information such as the current price range, its strength, and its momentum. This indicator is used to identify potential turning points by measuring the degree of directional movement in the asset. We use the Stochastic Indicator to analyze the market momentum of an asset and decide when to enter and exit trades. We set a high and a low parameter for the indicator based on the previous day's range, and we will take it as a long or short indicator when the price reaches these levels. We also monitor the strength and momentum of the trend to take advantage of short-term opportunities in the market.

Volume: Volume is a measure used to track the amount of a particular asset that trades each day. We use it to understand the strength of a market and its underlying trend. If the volume is high, then it suggests that investors are buying and selling more frequently and with greater conviction. Conversely, if the volume is low, it suggests investors are less interested in the asset and may be losing confidence. Volume is an important tool for us to gauge current market sentiment and gauge future trends. It is also used to make buy and sell decisions by comparing current volume to average volumes over a specific period of time. This can be a useful way to identify potential trading opportunities.

Retraction in relation to ATH (All-Time High): The ATH is important for us as it indicates the upper price ceiling and therefore can be used as an entry or exit point. We will take a sell position as soon as the price hits the ATH, after experiencing an uptrend. After the Futures Contract is sold, we monitor the retraction percentage to determine when the price is likely to hit the support price, and potentially reverse its course if it drops beyond the expected percentage from the ATH.

High Volume Areas: Areas of high volume artificially create support and resistance levels to trades attempting to go through them. As barriers, they help to identify the opportunity and length of prospective trades.

Each of these indicators are set to be either trending up (“green”), trending down (“red”), or indecisive (“yellow”).

If all indicators are green, a “long” position is taken.

If all indicators are red, a “short” position is taken.

We do not set a specific Take Profit (TP) or Stop Loss (SL) in the program, as the strategy is based on identifying trends, in a method called Trend Following. Trend Following is a strategy that seeks to capture gains through the analysis of an asset whose price is moving strongly in a particular direction. In this context, trades can vary in duration, ranging from a period of seconds to a few hours, but it is designed to be back in a cash position by end of trading day.

So long as the indicators remain strongly in either direction, the trend will continue. As the indicators reverse, the position is closed.

Risk management is modified based on the win/loss daily rate, as well as any additional parameters the trader would like to put on.

The trend line itself serves as the stop loss (SL) or take profit (TP). The the risk-reward ratio is set to start at 1:1, and immediately move average 2 to 1 once it passes breakeven. The stop or TP will trail if the price moves in the predicted area of the trade, locking in larger profits and larger rewards for the risk.

The indicator does not identify a large number of trades daily, even weekly. Instead, it seeks to identify when all the indicators that make up our system are in sync and pointing in the same direction.

One of the main benefits of trend following is that it doesn't require traders to predict or forecast specific price levels; rather, it simply involves identifying the direction of a trend and trading in alignment with it. This strategy can be applied over any time frame - short, medium, or long term.


The algorithmic trade signals provided by the software are exclusively executed by Capital Trading Group. For more information on the partnership with CTG, click the tab below titled “Partnership with CTG.”

The software is exclusively offered as a Letter of Direction product. For more information on LOD and how it works, click here.


Rex Leonum is offered exclusively in LOD partnership with CTG. All trades are executed by the professional team at CTG.

Started in 2007, Capital Trading Group, LLLP (“CTG”) is an investment firm that believes safety and trust are the two most sought after attributes among investors and money managers alike.

With team members having experience of over 30 years, they have built their business and reputation in efforts to mitigate risk through diversification.

They focus on forging successful, long-term relationships with their investors.

For more information on CTG, click here.


As a LOD program, purchasing Rex Leonum requires availability of licensed “seats” in a Rex Leonum tranche.

For more information on availability, and to sign up, click here.

Rex Leonum Algorithmic Futures Trading Software Logo

tranche license availability

To maintain the efficacy of the software programs, many of them have a limited number of available positions.

By limiting the positions, the software is able to capitalize on market moves and not effect the market by trading in and of itself.

Consequently, there are a limited number of licenses, or “seats” for each of the software programs.

Seats become periodically available over time.
below are the currently available license tranches:

New Daytrader's Dream Product Image LOGO

Tranche 1:
Daytraders dream
w/ rex leonum™

current availability: 21 seats


Welcome to the rebooted Daytraders Dream!

Completely rebuilt on the new program, the LOD product is based on the Rex Leonum software, which can be used to trade futures markets in the CME E-mini S&P 500 futures contracts, NYMEX WTI Crude Oil futures (CL), and E-Micro Nasdaq 100 futures.

The chart setting will be a 5 minute entry bar.

All trades are executed through Capital Trading Group.

The software will begin LOD availability to trade on October 9. 2023 as a Founders Club member.


License for the Software must be purchased through one of the approved vendors (Target Trading Academy, Nova Trading Lab, or here at Bubba Trading)
Minimum Allocation through CTG: $10,000
Account opened at and traded by Capital Trading Group (CTG), including a Letter of Direction executed
Daytraders Dream II Product Image

Tranche 2:
Daytraders dream II
w/ rex leonum™

current availability: Coming november 2023


Completely rebuilt on the new program, the LOD product is based on the Rex Leonum software, which can be used to trade futures markets in the CME E-mini S&P 500 futures contracts, NYMEX WTI Crude Oil futures (CL), and E-Micro Nasdaq 100 futures.

The chart setting will be a 5 minute entry bar.

All trades are executed through Capital Trading Group.

The software will begin LOD availability to trade on October 9. 2023 as a Founders Club member.


License for the Software must be purchased through one of the approved vendors (Target Trading Academy, Nova Trading Lab, or here at Bubba Trading)
Minimum Allocation through CTG: $10,000
Account opened at and traded by Capital Trading Group (CTG), including a Letter of Direction executed
Flow Rider Product Image

Tranche 3:
Daytraders dream
w/ flo rider™

current availability: coming december 2023


letter of direction trading

what is lod trading?

A "Letter of Direction" (LOD) is a powerful and innovative approach to investing and trading, offering numerous benefits and possibilities for traders of all levels of experience.

With LOD trading, individuals authorize a trusted third-party, usually a professional money manager or broker, to execute trades on their behalf based on a predetermined set of rules and guidelines, or in our case, to follow the signals from a particular trading system.

This method empowers investors to take advantage of market opportunities even when they are unable or prefer not to actively participate in making day-to-day trading decisions.

Whether you are a beginner, an experienced trader looking to diversify your portfolio, or simply seeking an effective way to enhance your financial growth while minimizing the time commitment, LOD trading offers an exciting opportunity.

Join us on this journey and unlock the remarkable possibilities that "Letter of Direction" trading can bring to your investment endeavors.

what are the benefits  of LOD trading?

Now, let's delve into the numerous advantages of LOD trading:

Access to Advanced Investment Strategies:

LOD trading offers the potential to access complex trading strategies that might otherwise be challenging for individual investors to understand or implement.

Sophisticated investment strategies, derivatives, or alternative investments may be employed to enhance portfolio performance.


While investors delegate trading decisions to professionals in LOD trading, they still maintain a high level of control.

Your account at your brokerage. You can add or withdraw funds at any time. You can stop the trading and close the account if you want.

professional guidance:

One of the significant benefits of LOD trading is having access to professional trading software executed on a professional platform. Emotions are removed… have a professional trade a pro strategy in your account, without paying hedge fund or money manager type fees!

By leasing an indicator used by professional traders and funds, such as ours, you are able to use trading programs previously only available to large hedge funds.

Leveraging a professional trading tool with a reputable introducing broker or investment manager, you gain access to their economy of scale and pricing models, as well as expertise, aligned with your financial goals.

Did we mention that there is also no Pattern Day Trading restriction?

time saving:

LOD trading is particularly advantageous for individuals or businesses lacking the time required for in-depth market research and analysis, or sitting in front of a computer and trading for themselves.

By entrusting your investment decisions to professionals, you can focus on other priorities without compromising your financial aspirations.


Skilled investment professionals can help you create a diversified portfolio tailored to your risk tolerance and investment objectives with more non-traditional assets!

That means spreading your investments across different - especially non-traditional - asset classes, reducing the impact of potential losses and enhancing potential returns.

risk management:

LOD trading allows investors to define their risk appetite in the Letter of Direction, enabling investors to construct portfolios that align with the desired level of risk.

Through monitoring and adjustment, investors can better protect your investments and optimize potential returns, and this is transparent and simple in an LOD program.

transpatency and fair:

All clients in the LOD program receive the same price execution for every order.

Regular reporting and communication ensure that investors are well-informed about their portfolio's performance, holdings, and any changes made on their behalf.

tax savings:

Almost all of the LOD programs fall under the IRS Rule 1256 tax treatment, which is far more beneficial. For more details, speak to your tax professional about this.

what are the risks  of LOD trading?

While LOD trading can offer some benefits, it also carries certain inherent risks. Here are some key risks associated with "Letter of Direction" trading:

Potential for abuse:

In LOD trading, there is a risk of abuse by the designated trader. They may engage in unauthorized trading, excessive trading (churning), or commit fraud. In such cases, the investor may suffer significant financial losses without immediate awareness.

Bubba Trading mitigates this by carefully selecting the professional companies.

Information asymmetry:

Investors may face challenges in obtaining complete and timely information about their investments since they rely on the designated trader for reporting. This lack of transparency may expose them to risks that they are not adequately aware of, such as hidden fees, excessive risk-taking, or poor performance.

Regulatory compliance:

LOD trading involves compliance with complex regulations governing the securities industry. If the designated trader fails to adhere to these regulations, both the investor and the trader may face legal and regulatory consequences, resulting in potential financial penalties, legal actions, or reputational damage.

Operational risks:

LOD trading is subject to practical dangers associated with executing trades, such as technical glitches, errors, or delays in trade execution. These operational risks could result in unfavorable execution prices or missed investment opportunities.

Lack of oversight:

Since the investor generally delegates trading decisions to the designated trader, they may not actively monitor their investments, potentially overlooking irregularities or discrepancies. This absence of proactive oversight may lead to delayed identification of problems or missed opportunities to correct investment strategies.

To mitigate these risks, investors should thoroughly research and carefully select the designated trader, clearly communicate investment objectives, closely monitor investment activity, and maintain ongoing communication to ensure transparency. Regularly reviewing and verifying trade confirmations and account statements can also help identify any potential issues. Seeking independent advice and staying informed about regulatory changes are essential steps to safeguarding investments.


about us

Nova Trading Lab is a conglomerate of highly experienced traders.

Dissatisfied with the abundance of ineffective and unsuccessful trading software programs on the market, they merged together to underwrite and test a variety of different trading software platforms.

Their goal was simple: Identify the best of the best, add value to it if possible, and bring it under the Nova umbrella.

The results are what you see before you: The ultimate trading software resource.

Nova Trading Lab Team Headshots

meet the board

Patrick Assalone Headshot


Instructor Patrick Assalone - the famous #AngryTrader - is a Target Trading Academy & Dominus Strategic Holdings co-founder, and the Modern Market Profile expert.

Pat has developed a process-driven, rules-based futures trading methodology, equally appropriate for beginning students and professional traders.

He has an incredibly unique background, including being a World Extreme Fighting Champion. Don’t mistaken his directness and aggression for lack of skill; he spent years perfecting the art of trading, both as a trader and a trading instructor.

In addition to his trading experience, Pat possesses over twenty years of experience in the financial markets, and has had a range of certifications including the Series 7 (GSRE) exam, the Series 3 (NCFE), the Series 34, and a license to sell Collateralized Debt Obligations.



With over four decades of experience in trading, most of that on the floor of the Chicago futures exchange, Todd has been teaching options strategies for over 15 years.

His exceptional track record and consistent success in navigating the markets have earned him multiple spots on television and radio over the years.

Our Board of Traders comprises an exceptional assembly of highly accomplished and experienced professional traders, each renowned for their expertise within the financial markets. With diverse backgrounds and a deep understanding of various trading strategies, we bring a wealth of knowledge and insights to the table.

At Nova Trading Lab, we take great pride in our ability to underwrite trading software that is second to none. Our team of exceptional traders possesses an exceptional understanding of market dynamics, allowing us to develop innovative solutions that cater to the specific needs of our clients. By harnessing our expertise, we consistently deliver reliable and user-friendly software that empowers our clients to navigate the complexities of the trading world with ease.

As industry leaders, we understand the importance of staying ahead of the curve. Our Board members possess a keen sense of market trends, emerging technologies, and regulatory changes. This commitment to staying informed in a fast-paced environment enables us to anticipate market shifts and design software solutions that remain at the forefront of technological advancements.

Collaboration is a cornerstone of our Board's philosophy. We foster an environment where diverse perspectives are valued and shared, allowing us to leverage the collective wisdom of our members. This collaborative approach fuels our ability to critically evaluate and refine our software offerings continuously. By encouraging open dialogue and mutual respect, we ensure that our decisions are well-informed, rigorous, and in the best interest of our clients.

Our dedication to excellence extends beyond our internal operations. We prioritize building long-lasting relationships with our clients, understanding that their success is paramount to our own. By providing unparalleled customer service and support, we establish ourselves as trusted partners in their trading journey. We remain committed to exceeding our clients' expectations at every turn, driven by a genuine desire to help them achieve their financial goals.

Board members play a vital role in shaping the future of Nova Trading Lab. Their expertise, strategic insights, and unwavering dedication to our mission will guide us towards new frontiers. Together, we will continue to push boundaries, challenge conventions, and revolutionize the trading industry.

Welcome to a dynamic team where innovation thrives, and excellence prevails. Together, let us amplify our impact, empower our clients, and redefine what is possible in the world of trading software underwriting.


founders club form

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