Tag: Rockwell Trading

How To Be A Trader - Part 3

Posted on by The INO.com Team

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader. We already talked about it in the previous article: Being able to determine the direction of  the market is one of the most important skills of a trader, because it dictates the type you trading strategy you use. In a trending market, you want to use a trend-following strategy. And in a sideways market, you want to use a trend-fading strategy. For more information on this topic please read the previous article "How To Be A Trader - Part 2"

How To Identify The Direction of The Market

Way back in the 90s I used fundamental analysis to try and predict the market. Long story short, it didn't work for me. Continue reading "How To Be A Trader - Part 3" →

How To Be A Trader - Part 2

Posted on by The INO.com Team

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.

In the first article of the series "How To Be A Trader" we talked about the mindset of a trader and the importance of having realistic goals. You have learned that consistency is more important than windfall profits every now and then, and that a weekly target of only $100 - $200 can compound to very nice yearly returns. If you haven't had a chance to read the first article of this series, click here to read "How To Be A Trader - Part 1"

Today we will talk about the most important skill of a trader. And it doesn't matter whether you are day trading or swing trading. It doesn't matter whether you are trading stocks, forex, options or futures. It doesn't matter whether you are new to trading or have been trading for a while. The skill I am going to talk about in this article is the foundation that EVERY TRADER needs. If you cannot master THIS, your chances of making money with trading are slim to none.

So here is the most important skill of a trader: Continue reading "How To Be A Trader - Part 2" →

How To Be A Trader - Part 1

Posted on by The INO.com Team

Today’s guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.”  Today Markus is going to share with you Part 1 in a series of articles on what he believes it takes to be a trader.

According to Google, "how to be a trader" is one of the most active search terms. It seems that these days many people are interested in becoming a trader.

But what does it take to become a trader? What are the steps?

In this article series you will learn how to be a trader. Continue reading "How To Be A Trader - Part 1" →

RSI – Overbought, Oversold, or Overplayed?

Posted on by The INO.com Team

The RSI can be an essential tool in a traders arsenal when used correctly. The problem is that there are a million trading styles and there is no one, single way to use an indicator. So what works best for you? In our quest to bring you tips and tricks from some of the best traders of all facets of trading we have invited Mark Hodge, Head Trading Coach at Rockwell Trading as a guest today. Mark is going to share how he uses the RSI, and if you have a similar trading style it could have a profound impact on your trading.
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RSI is an indicator that is often used to identify overbought and oversold conditions when trading. Unfortunately, most traders use this indicator too literally, and miss out on some of the biggest trends. In this article I will introduce how RSI is typically used, and share a different way to use this indicator that could have a significant impact on your trading.

The Relative Strength Index, or RSI, is a popular indicator developed by Welles Wilder, and was first introduced in the book New Concepts in Technical Trading Systems. RSI is a momentum indicator used to measure changes between higher and lower closing prices. Continue reading "RSI – Overbought, Oversold, or Overplayed?" →

The Power of Money Management

Posted on by The INO.com Team

We have all heard the tale of the Tortoise and the Hare, wherein Aesop teaches us the lesson that "slow and steady wins the race." Like wise in trading, consistent, steady profits and solid money management translate into a winning portfolio. With us today to share his thoughts on money management is Mark Hodge, Head Trading Coach at Rockwell Trading. After you have read Mark's take on this important facet of market success, please share your thoughts, comments, or questions below.

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In my experience very few traders truly understand money management and how to use it. This is unfortunate. I’d argue that money management is the single most influential factor on your financial growth as a trader.  Using the example below, I’ll even show you how you can double your trading account in less than a year, averaging only $125 a week. Continue reading "The Power of Money Management" →