Rockwell Trading

Stirf

Active member
109 7
Re: Rockwell Trading scam

Hi Mark,

I'm new on the forum and since I'm kind of a dumbass (look at how I walked right into the rockwell trading scam trap) I was wondering if you got to read the article I posted. I didn't post it as a reply, but just as a comment in between all the other comments. Don't know if you get a message as soon as there is a new post.

Anyways, I'll get the hang of it :cheesy:!

I am looking for a comprehensive DVD course in Day Trading and I have come across Rockwell Trading.

Does any have any experience of the Home Study Course?

There was a similar post to this (on this forum) back in 2007 but nothing more recently.

The course seems to be genuine and the few reviews I have found seem to be positive - it is not the usual hard sell guff.

Many thanks in advance.

Mark
 
Last edited:

pboyles

Legendary member
8,072 1,301
Re: Boiler Room Scams

I've been a victim myself of a scam, the Rockwell Trading Scam, directed by Markus Heitkoetter and his team. Looking back I've realy been a horse's ass! But hey since I've been there I might as well keep others from going there. Here is my complete story: http://www.targetwns.nl/index.php?werving=5&selectie=eng&subaction=showfull&id=1288362795&archive=&start_from=&ucat=11

My email is in there as well so you can contact me any time. Don't become a victim of scams like the Rockwell Trading Scam like I did!!
I read your link, its pretty standard practice in this business. There is a thread here called Live Trader Global where they basically did the same thing. It seems none of these crooks can trade so they just rip people off and post fake results to trick more people into joining.
 

Stirf

Active member
109 7
Re: Boiler Room Scams

Thanks for taking the time to read my story PB. I agree with you saying that it's standard practice. I also think that a lot of brokers earn their right of existance because of scams like these. Scams like the Rockwell Trading Scam get people to start trading and that creates revenue for the brokers. You making a profit or a loss is of no importance to them, as long as you pay them.

But, hey I'm over it and trust that my story will keep a number of people away from Rockwell Trading!
 

tammyd549

Junior member
15 0
Rockwell is definitely not a scam but it is no holy grail either. They offer reasonably priced trading courses and offer some interesting trading strategies. Again , I repeat, this is not a holy grail and if you copy their every trade you will probably lose money because you obviously have not invested any time into creating your own trading plan with strategies and rules that work for you and your trading style. Just copying what others do will not make you a successful trader, I'm a rookie and I know this. I have adapted their techniques with my own research and consider myself successful for a newb. I have no affiliation with them at all, use them or don't use them, I dont care but whatever you do , take the time to develop your own trading plan, never copy someone elses, it will never work out - IMHO .
 

Stirf

Active member
109 7
Hi Tammy, thanks for sharing your humble opinion. Appreciate you taking the time and effort concerning the Rockwell Trading Scam.

You mentioned in one of your earlier posts that you were with rwt for three months and were very succesfull. From your last post I reackon that you did invest time to create your own strategy and that is what brings you the mentioned success.

What I find amazing is that you did all this in the period of three months.
- Studied the $497,- home study course
- Watched the rwt moderaters trade (not live but just marking entry and exit points on a chart)
- Find out that they weren't successful
- Invested time to come up with a better way to trade
- Implement your own tweaks (maybe run some tests for a couple of weeks)
- Become a successful trader

Now you wouldn't call yourself a successful trader after two weeks of good results would you? So this means you did all of the above in less than 3 months! Now that is brilliant(y)!! But here comes the realy amazing part... You did all this while you are still a rookie:clap:!

Nevertheless I believe you when you are saying that you have no connection with RWT. But making nothing but losses on the long run and communicating profits is bad. But selling stuff based on false results is a fraud. All the stuff that is in their courses is to be found for free on the net (e.g. money management, explanations on different technical indicators, mistakes made by daytraders, etc. etc.) The only thing that is not found for free on the internet is a winning strategy. But their strategies aren't profitable either. You said it yourself, you gave it your own twist. So I don't see why anyone should pay for their courses or their strategies!

I trust this makes sense to you and others. Keep up the good work Tammy! Have a great weekend, hope the weather is ok in Vancouver!
 

tammyd549

Junior member
15 0
Your points are well thought out and do make sense to me.

I guess I should mention that I studied futures trading for many months before trading live. I had my own ideas on trading strategies and a basic trading plan before signing up with RWT. Also, I did not study their whole course as many sections of their material were not important to me, I already had my own opinion on these topics so, I didn't need theirs.

I agree that selling stuff based on false results is fraud, I just don't see the false results, perhaps I have not taken the time to analyze each and every trade they make and each and every video they produce.

All I know is that I like the "feel" of the information they have passed on to me. Sounds weird perhaps but, any information that I take in, whether it is free from the web, purchased from companies like RWT or from books that I have purchased (which I have spent ALOT of money on ) I take this information and process it all the same. I take what I believe in, analyze it and decide if it's something that I believe will work for me and my trading style and my personality for that matter.

Also, my idea of "very successful" may differ from yours or someone elses so, I should have probably defined that in my earlier posts. I am positive on a regular basis. I'm not making a living off trading but, I'm not losing money either. For someone who has only been live trading for 3 months, I consider this "very successful"

Could I have don't this without buying a relatively cheap course from RWT? Who knows, probably but, I think the information I have taken from them has definitely had merit for me.

I'm really sorry that you feel scammed by them. It sucks to feel like you have wasted time and money, I definitely know how that feels.

Best of luck Frits. :)
 

Stirf

Active member
109 7
Thanks for your message Tammy.

I did take the time to analyze their actual results and compared that with what they communicated. As you might have read in my story the difference between actual and communicated added up to more than $3250 PER CONTRACT IN ONLY FOR WEEKS.

I'm glad to hear you're making money with your own input. And me feeling scammed by them, that's passed tense. I guess someone had to be as stupid as me to stick around with them that long to discover the full scam. But I believe there is always a reason for things to happen. Like in this case I get to warn other people to stay away from Rockwell Trading and everything that has a smell of Markus Heikoetter and his gang.

*shaka*:cool:
 

Stirf

Active member
109 7
Re: Trading Courses/Seminars

My advice is to stay far, far away from the cowboys that want you to become a profitable day trader by teaching you their strategies. Ask yourself this question:"if I had a winning strategy, would I sell it over the internet or via webinars, etc."? Them teaching you is like they want you as a competitor on their entry and exit levels… Weird…

So far the only exception for me has been Larry Williams who actually posts his results on his site for everyone to see!

I've been a victim (or a horse's ass) myself from the Rockwell Trading Scam.
I trust this helps!

Frits
 

alever

Newbie
2 0
I've been with Rockwell for a while now and I've adapted their stuff to suit me and am very happy with it. Of all the material that's out there I found there's honest and refreshing. No false promises just cold hard facts.
 

RALLYCAR

Junior member
10 0
I'm with you on this one Frits, don't lets get distracted, facts are facts and numbers do not lie. RWT is selling itself as a TEACHER, and to TEACH you they say you can pay 97 bucks a month to attend their LIVE TRADING ROOM, fact one: this is not a live trading room, thats misrepresentation to obtain your 97 bucks. if someone did that to you in a shop or in the street they would be stealing from you.

fact 2: having been in that room for a while and trying to find the good in something I continued to follow their strategies (and losing money). I stopped and re assessed and developed my own system (that I aint sharing or selling to anyone). Both Tammy and now alever agree that their systems don't work because they both had to adapt their systems. Why don't RWT just come out and say "come on give us your money even though we know our systems are not profitable, and we'll teach you how to accept your losses"? That would be honest and refreshing.

The sad fact 3 is that we are all in the same boat, chasing the golden pot at the end of the rainbow, and getting ripped off along the way whilst we are still a little green. thankfully I got through that stage and am on to better trading now. What I do want to try and do is help the unsuspecting people (like I was) not to waste their money on Rockwell Trading and the likes of them. there is nothing that they are selling you that you can't find for free on the internet. the best advice if you are starting trading is to get on these forums and pick everyones brains then design your own trading system.
 

Stirf

Active member
109 7
Your points are well thought out and do make sense to me.

I guess I should mention that I studied futures trading for many months before trading live. I had my own ideas on trading strategies and a basic trading plan before signing up with RWT. Also, I did not study their whole course as many sections of their material were not important to me, I already had my own opinion on these topics so, I didn't need theirs.

I agree that selling stuff based on false results is fraud, I just don't see the false results, perhaps I have not taken the time to analyze each and every trade they make and each and every video they produce.

All I know is that I like the "feel" of the information they have passed on to me. Sounds weird perhaps but, any information that I take in, whether it is free from the web, purchased from companies like RWT or from books that I have purchased (which I have spent ALOT of money on ) I take this information and process it all the same. I take what I believe in, analyze it and decide if it's something that I believe will work for me and my trading style and my personality for that matter.

Also, my idea of "very successful" may differ from yours or someone elses so, I should have probably defined that in my earlier posts. I am positive on a regular basis. I'm not making a living off trading but, I'm not losing money either. For someone who has only been live trading for 3 months, I consider this "very successful"

Could I have don't this without buying a relatively cheap course from RWT? Who knows, probably but, I think the information I have taken from them has definitely had merit for me.

I'm really sorry that you feel scammed by them. It sucks to feel like you have wasted time and money, I definitely know how that feels.

Best of luck Frits. :)
Hi Tammy,

Happened to see you in the Rockwell "Live" trading support room. Can't say too much about that coz it will blow my cover, but what a great day it was!

- ES trades:
1st -7 ticks -87.5
2nd +7 ticks +87.5
3rd -8 ticks -100

- G6E (€/$) trades
1st trade -12 ticks -150

- YM (dow jones) trades
1st trade -14 ticks -70
2nd trade -16 ticks -80
3rd trade +4 ticks +20

Total loss of 380 with 7 trades. Including brokerage that means about -$415 per contract. Looking at your remarks in the room you sound just like me about 3 to 6 months ago. Complete tunnel vision and all what Rockwell is saying is right. I'm telling you as a friend. Wake up and stay away from them!

Trade well! Read my story again, it is there for your advantage!
http://www.targetwns.nl/index.php?werving=5&selectie=eng&subaction=showfull&id=1288362795&archive=&start_from=&ucat=11

Trade well!
 

satyaseelan

Newbie
1 0
Thanks Rallycar and Stirf for your feed back on RWT. I was with RWT on demand courses only for a month so i didn't get chance to evaluate their strategies. But after reading your posts i feel that i have escaped from their scam.
 

HowardCohodas

Experienced member
1,868 97
Re: New to trading

If you are new, be aware of scams like these!
Stirf
Seeing your post once could be informative. Twice is disconcerting. More than twice is quite annoying. Start your own thread, but quit posting the same thing all over the place.
 

Stirf

Active member
109 7
Thanks for emailing me Satya! The link to the full story about the Rockwell Trading Scam is already on this thread. A few days ago I also posted the live recording of me uncovering their scam during their webinar of November 1st 2010 . You can find it here on youtube:
Feel free to forward the story and/or the vdo to your trading buddies (y)! If you have any questions, my email is in the article and the vdo so feel free to contact me.

Shaka,

Stirf
 

Stirf

Active member
109 7
Re: New to trading

Hi Howard!

You could be right:). It's just that I realy want to prevent people from having the same experience I had with Rockwell Trading. Starting my own thread might be a good idea, thanks for the advice(y)!

Shaka,

Stirf
 

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