Two staff members of Rockwell Trading left the company this February 28th. Their Marketing Manager and the Manager Personal Coaching Program. Let's hope these guys left because they started growing a conscious.
For more updates on how rockwell is doing since their scam was exposed check: http://www.targetwns.nl/index.php?w...ll&id=1297765264&archive=&start_from=&ucat=11
Shaka
!
Frits
For more updates on how rockwell is doing since their scam was exposed check: http://www.targetwns.nl/index.php?w...ll&id=1297765264&archive=&start_from=&ucat=11
Shaka
!Frits
Can you recommend a good trading education site for futures trading? or Someone with proven strategies? Thanks.
Follower
Follower
Depends what you want to learn? In my opinion if you want to trade on TA and learn about MACD, Stochastics, RSI, etc. No I haven't found one! Here's my opinion about TA and why so many educators use it:
99% B.S.:cheesy:
I'm gonna tell you why the usage of technical indicators is total b.s. in 99% of all the cases! Besides that I will also tell you why, in spite of the fact that the information is useless it's still used quite often. I'm not gonna go into too much detail, because I expect you are all more or less familiair with the basics of technical indicators.
A RANDOM CHART
Let's take a look at the technical indicators a random sales organization... Uhm, I mean an organization that tries to teach us day trading against payment uses: RSI, MACD and Bollinger Bands. Attached you'll find a screendump of two charts. Both are of the €/$ futures market, both have the same time frame (starting at vertical blue line @ 13.15hrs Amsterdam time friday Jan. 14th)
SPOT THE DIFFERENCES
!I used different settings on the charts in the attachment:
THE WINNING LOTTERY TICKET :clap:!!
Besides all that... Technical indicators tell you something about price development in the PAST!! What good is that? "Damn... If I had known that the market had gone up 3 minutes ago I would have entered long". Or maybe more clear:"If I had know that today's winning lotery ticketnumber was 1245 I would have bought that one yesterday"! Yeah, duuh!!
TRADE IN THE HERE AND NOW :smart:!
I respect everybody's opinion on this subject. I just think that at least some of you might find this interesting. I have experienced that mainly CURRENT volume and CURRENT price action are of major importance.
BUT WHY ARE TECHS USED SO OFTEN :?:
It's because of the sales organizations I mentioned earlier! 99,9% Of them will teach a strategy with the help of technical indicators. And yes, if you are unfamilair with stochastics, RSI, MACD, etc. it's probably nice to learn more than the basics and tell your friends about it over a beer. Believe me, I've been there and I like beer a lot:drunk:! But as I showed you by just two simple charts, everybody sees something different! You will not make any money based on technical indicators. And even if the salesmen in their "Live Trading Support Rooms" are realy trading their own money and not just drawing lines in charts and giving opinions, chances are they have never made any real money. Not consistently! That's why they took up selling $500 courses, $4.000 personal coaching programs, etc
... 15% Of all day traders makes money
It is known that only about 15% of all day traders makes money (not saying they make a living).
It's also known that 99% of "powerful day trading strategies" sales organizations sell/teach stuff based on TA. (google search day trading strategy, futures trading, day trading course, etc)
The other 85% goes broke on
...Need I say more? If the TA stuff that those sales organizations sell/teach works there would have been a lot more winning traders than that 15%. Not saying 75 or 90% because the mental part is of great influence.
15% Makes a profit the other 85% just goes broke on:
paying hundreds of dollars per year for subscriptions to "live" trading support rooms
paying hundreds of dollars for severel day trading courses
paying thousands of dollars for personal coaching programs
losses because of losing strategies based on TA.
If you want to know about CURRENT volume and price action here is what I found interesting: nobsdaytrading.com. My email address is in the rockwell trading scam video (on youtube). If you have any questions, don't hesitate to contact me.
Shaka
!Frits
I have another idea. PAY FOR YOUR EDUCATION. You only GET WHAT YOU PAY FOR. I am now well on the way to trading professionally, and I only got traction when I started paying for the best stuff I could find, inc Rockwell.
It's a shame to see that Rockwell Trading succeeds in making new victims occasionally. But thanks to our combined efforts they will run out of business sooner or later:clap:.
http://www.targetwns.nl/index.php?w...ll&id=1297765264&archive=&start_from=&ucat=11
Don't you worry Roger I too was a newbie once!
Good for you Roger 39, my guess is you are in one of the "crap peddling camps". One thing I am sure of, is that if you are following the advice of people like RWT, you are a long long way from becoming a "professional trader". If you were even half way to becoming a professional trader you wouldn't be sniffing around the "crap peddling" sites anyway. Pento has it completely right NEVER PAY FOR ANYTHING.
Hmmm... A quick look at the results section of this site and nothing updated since Jan 2011
I don't have any problem daytrding. In fact I prefer it, because it limits my risk exposure due to me just not being in the markets while I sleep at night.
Hi I saw your post and was interested in knowing where are the pirated vesion of the DVD of rockwell tradingng available
I've recently updated my website on the Rockwell Trading Scam. It also includes the email from an infinity employee who admits that the rockwell trading strategies don't work. Otherwise he would be trading with them. have a look , there is also general info on day trading to be found.
rockwelltradingscam
rockwelltradingscam
The sorry truth of the matter is that anyone who has to resort to selling training courses for a living has failed in their own attempts to make money in the way they then prescribe and try to sell.
For example, if you were actually making such a load of cash from your day trading, would you bother to sit down, write a book, script a course then pay for DVD's and marketing? Surely, if you were doing so good you would not have the hours to dedicate to this? Let alone commit to such a loss of earnings while spending your valuable time compiling it all. The same principle applies to ALL money making training courses. None of the 'mentors' are doing it for YOUR benefit (unless it's for free) and when those same persons start to promote the products of others, you know, for sure, that their course definitely is not worth the paper or the plastic DVD it's written on. Caveat emptor. Especially in this business.:!:
Similar threads
