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Markus Heitkoetter

As CEO at Rockwell Trading, Inc., Markus has taught hundreds of investors in the U.S. and European markets. Markus started trading 19 years ago, using point and figure charts from published numbers in the morning newspaper, mainly with stocks. In 1996, he began developing a number of trading systems by using SuperCharts (which is now TradeStation), MetaStock, OmniTrader and other software. In 2002, Markus decided to quit his regular day job as a director at IBM and become a professional trader. He moved from Germany to the United States to get started.

Throughout his career, Markus has traded EVERYTHING: stocks, options, futures, commodities, spreads, Forex, foreign markets, interest rates, etc. If it’s out there, he’s probably traded it. In addition, he’s traded on a wide variety of different timeframes: ticks, 1-, 3-, and 5-minute, hourly, daily, and weekly.

In the past 5 years, Markus has taught his strategies and methods to hundreds of traders all over the world, offering educational webinars for the CME (Chicago Mercantile Exchange), Eurex, FxStreet, Strategy Runner, and other financial companies. He’s written articles on over 500 websites, and he’s become an expert contributor on ezinearticles.com, Yahoo Answers, and FAQTs.com. Markus holds the German equivalent to an MBA in Business Administration and Computer Science.

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The Power Of Weekly Profit Goals In Day Trading

Posted 10-28-2008 at 12:02 AM by RockwellTrading.com
The Power Of Weekly Profit Goals In Day Trading

For many years we have been teaching the power of weekly profit goals in our Day Trading Coaching Program.

We help our students to determine a weekly goal that is attractive for them and realistic. Once this goal is achieved, we tell them to stop trading for the rest of the week and start fresh the next week.

At first glance this sounds weird and traders ask me: "Why should I stop trading when I am ahead? If I keep trading, I will make more money".

Let me show you proof:

This morning I received a trading log from a trader who has been taking 138 trades in the past 4 weeks. Unfortunately the past couple of...
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