Rockwell Trading Reviews

Last week I had a chance to attend a trial of the Rockwell live trading room and wanted to share a review of my experience. In a word, I was pretty impressed. I have been in several other trading rooms and am somewhat jaded by these experiences. In all cases, I had a hard time understanding what the trader was doing and why he was doing it. In one case, I wasn't even sure if the trades were live or being placed with the benefit hindsight.

Not the case with Rockwell Trading. The room is professionally moderated and every day begins 15 minutes before the markets open with a pre-market routine that reviews current headlines, upcoming events traders need to be aware of, and what happened in overnight trading across several markets.

Once the markets are open, the Rockwell moderators focus their discussion on market set-ups they see happening and what trading strategies they might use. Once a trading decision is made, market entries are clearly identified along with the profit target and stop loss exits being used. This are clearly marked on their charts and trading platform in advance of the trade. If a fill is achieved, the Rockwell moderators discuss what they see happening and if any adjustments will be necessary. Win or lose, each trade is laid bare and dissected. Questions are welcome from room attendees and are usually promptly answered in a frank and candid fashion.

Over the course of my weekly trial, the room had three winning days, two losing days, and was up marginally on the week. Each day a short video was sent to room attendees that recapped each trade made during the day's trading session. And this is when it hit me how refreshingly different these guys are. They are candid, transparent, and very focussed on sharing with their clients how they trade the markets. If you are looking for a high rollers room to shadow trade, this is not the room for you. If you want to leran first hand how small lot traders day trade the futures markets, then Rockwell Trading is someone you should check out.

Rockwell Trading Keeps It Simple

Recently I was checking out You Tube for info on day trading strategies, and came across the "Simple Day Trading Strategy" video from Markus Heitkoetter and Rockwell Trading.  Now I am pretty new to day trading, especially the futures markets, and have been told these are pretty dangerous markets to trade. But, I must admit I was intrigued by the straight forward approach of the Simple Day Trading Strategy, and how it used commonly found indicators to show the direction of the market and best likely entry points.

I wanted to learn more, so I went to the Rockwell Trading website to check out some of their free material. Their website is pretty clean and uncluttered, and on the right hand side I noticed several blog postings on how to be a trader.  This is a three part series and gave me some great insight on what my mindset should be; the value of setting realistic goals; risk management; and the importance of creating a trading plan.

I had never thought about approaching trading as a business.  I always thought the idea was to focus on a few markets, do some research, practice a bunch of paper trades, and then go for it. It never occurred to me to ask myself what I wanted from trading, and then think about how I would go about achieving these objectives. My goal was simply to make money and to make as much as possible! I now appreciate that this approach is why so many traders fail and blow out their accounts. It is really only those that truly know what they're doing that make consistent money. They are not gamblers!  They are skilled professionals that use planning, patience and discipline to trade the markets. 

This was a big eye opener for me, and I thank Rockwell Trading helping me better understand what it will take for me to become a successful trader. I also know this, I have a lot of work to do before I start trading with real money, but this is a great start and I plan to check out more Rockwell Trading material to help me in this process.

Free eBook On Day Trading From Rockwelltrading

My friend and I have been trading stocks for awhile and were interested in learning more about day trading and what options were available to us. We did a google search on day trading and saw that Rockwelltrading was offering a free download version of the "Complete Guide To Day Trading". 

I want to start by saying this in no lightweight fluff piece. It is 290 pages long and chalk full of terrific information on the day trading industry, who the key players are; what choices you have; and what it takes to get started. The book is written by Markus Heitkoetter, who is a professional trading coach and head of Rockwelltrading. His preference is day trading futures and commodities over stocks, options, ETFs and forex. He goes to great length to explain in simple terms why he likes the futures markets over others, and makes a very strong case that is quite compelling. He also talks about trading psychology, and the importance of creating a trading plan that will serve as a guide for when and how you trade the markets.

As a stock trader, I find day trading futures potential attractive since I can trade an index and don't have to worry about picking stocks. I also like the fact that it requires much less capital, and if i want to I can short the market without any hassle. To find all this quality information in a free ebook is a rare thing, and I am looking forward to checking out other Rockwelltrading materials and courses on their trading strategies.

Rockwell Tradings Fibonacci Trading Strategy

Several weeks ago I was invited to attend a webinar on how to day trade the futures markets using a Fibonacci techinique. The webinar was hosted by Markus Heitkoetter, Rockwell Tradings founder and CEO, and was a great opportunity for me to just sit back and think about how I currently trade, and how new approaches can provide a much needed fresh perspective.

What Markus pointed out, was nuance he saw in a trending market, that might give traders an edge when considering these kinds of trades. You see from my perspective, I think the markets these days have been very challenging to trade. There is a lot of chop and volatility, and if you are not careful, you can get chewed up and spit out. This is also true of trending moves, that always seem to retrace on me before turning back around in the direction I wanted.

What Markus discovered while he was on Summer vacation with his family in Germany, was how top use a Fibonacci technique to predict possible retracement levels and entry points in a market that was trending and potentially getting ready to break out. Now I knew a little about Fibonaccis and how many traders use them to identify areas of support and resistance, but had never used them much. However, when Markus explained what do look for in the markets when they are starting move, and how to use a Fibonnaci drawing tool to plot expansion and retracement levels, I was hooked. Now I no longer worry about how to spot a trending market and where the best places are to put my entry, profit, and stop loss settings.

Markus is a terrific teacher and is very generous with his knowledge and techniques. I have attended many of his webinars and always learn something new.  In my opinion, Rockwell Tradings Fibonacci Trading Strategy is the best thing he has put our there yet!