Earlier this year I tried out the Rockwell Strategies and later took out their "bargain" Day Trading Workshop. This cost $300 against the Full Home Study package costs of $2000. It's true what the say about getting what you pay for. For my knock down price, I got knock down versions that provided incomplete and old instructional DVDs. It was very annoying and gave me the feeling of being ripped off.
With the order I got a free 14 days instruction in the "Live Trading Room" on line. Unfortunately, the expert wasn't actually trading - more drawing lines on the live charts to indicate where he would have entered if he was trading. Very amateurish I thought, especially when the real fee is $100 per month for it. Anyway, I followed his indications and found myself losing more than winning. No wonder he did not trade for real. This is where I discovered that my instructional DVDs were complete with vital trading information missing. He was saying and doing extra checks that were not given in the DVDs.
A particular strategy (seahawk) calls for a profit target of 2 ticks and a stop loss of 8 ticks on the mini S&P. A BAD deal on the face of it but it is described as having an 80+% success rate. Not for me or the "expert" in many of my sessions and the overall result was that I lost more money. The return I had was more like 50/50 - rather short of the 80% anticipated. The other 2 strategies I paid for were similar but involved a larger Profit Target at a higher risk!! They too performed well below par. In short, I concluded I had no confidence in any of the Strategies.
Recently RWT have been pushing very hard their training systems which is indicative of a failure in their trading plans. Too many auto trading systems are effecting the daily electronic markets today and all the old systems not longer work.
Like these at Rockwell, they are redundant and there is obviously more profit in selling the training Packages that use to work in the good old days that actually lose money trading with them. And no risk to carry either.
Rockwell trading is definitely NOT recommended for all of these reasons. Save your cash and do as other here suggest and seek out FREE information and totally ignore these flashy presentations to entice you to join in, at a price, of course.
Remember, you don't always get what you pay for and here is a prime example of that.
I lost and could not reclaim as they have a limit of just 30 days which is nowhere near long enough an evaluation period. Buyer beware.
