Here We Go Steelers Song after Ravens Win ..

Polamalu Song & Video ... :-) Go Steelers!!

Here We GO STEELERS! Pittsburgh Going to the Superbowl!

Before the Super Bowl

‘Twas the night before the Super Bowl, when along the gulf shore,
Steelers fans were praying for “just one more;”

The players were nestled all snug in the sack,
With visions of the first NFL Six-Pack;

Coach Tomlin was young, but wise for his years,
So I drifted off to sleep without any fears;

When at the stadium there arose some strange chatter,
The Cardinals feared, what was the matter;

We heard “Okel Dokel”, we heard “Double Yoi,”
We jumped from our beds, our hearts jumped for joy;

He stood at the fifty with a grin ear to ear,
Steelers fans everywhere started to cheer;

Then in an instant to our surprise,
This little old man had tears in his eyes;

He went to the booth and there took his chair,
While Terrible Towels waved in the air;

Then over the airwaves came his shrill voice,
The Steelers Nation began to rejoice;

He said, “I am back, but you know I can’t stay,
I just had to see my Steelers play;

From my home up above, I have a great view,
But I wanted to celebrate here with you;

So bring on the Birds, we’ll send them a flyin’,
On the way back to Phoenix, they will be cryin’;

Ben, Hines, Troy, Jeff and all of the rest,
No matter the outcome, to me you’re the best;”

The airwaves went silent, the stadium still,
Was this just a dream, it seemed so real;

In our team we have faith, in our team we have hope,
But the game’s not the same without Myron Cope;


Written by:
A.K. Young
01-23-09

What You Can Learn From Sesame Street

What You Can Learn From Sesame Street

By: Markus Heitkoetter

I wake up at 7:00am in the morning, and I rarely expect to learn a new lesson in day trading before heading to the office. This morning, however, was different. I often join my kids in the living room watching Sesame Street, and, today, while sitting on the couch with my coffee trying to wake up, I was greeted with a bit of wisdom that all day traders should keep in mind: a lesson about the value of practice and persistence.

On the show, a young boy was trying to learn how to skate, but after 2-3 faltering strides, he falls down. Instead of crying or giving up, the boy maintains a positive attitude and says, "Practicing tomorrow I'll be better than today." The next day, he manages to take 3-4 strides before falling down, saying once again: "Practicing tomorrow I'll be better than today." The boy practices every day, and each day he manages to take a few more steps. Finally, one day he stays on his feet the enter time, and even shows off a bit, proving that he can skate like a seasoned professional. At the end of this small episode, he looks in the camera and tells my children and me: "See? Don't give up too easily. There are some things you need to practice before you can do them. Practice every day and you will get better every day."

While the simplicity of this lesson suggests that it is only for children, too many day traders prove through their actions that they need to hear it as well. Many traders, and not just beginners, give up too easily. They start trading, but after only a few losses in a row, they give up, looking for another strategy. They fall for the old paradigm which says that "If you don't make money immediately, change the strategy." As I’ve said many times before, if you don’t give your trading strategy enough time to work, you won’t know whether the problem is in the strategy itself, in a market slump, or simply bad luck. The key to successful day trading is in maintaining a consistent plan, and abandoning a plan too quickly will never teach you anything. You won’t know whether the plan is really designed for the long rather than the short term, whether the problem was in your entry or exit strategy, or any other details that can help you revise how you trade.

The child who continued to practice skating never quit after only a few tries. He never thought that he couldn’t skate simply because he didn’t immediately master the skill. Rather, he knew that he would have to fail a number of times before he could recognize and adjust what he was doing wrong.

Traders who find themselves giving up on their strategies very quickly, or who are constantly changing strategies looking for one that works on the first or second try, need to remember this young boy. He should remind us of two things that, as day traders, we should never forget:

1. Practice! Don't jump with both feet into the water. Backtest your strategies. Practice on a paper trading account. Start small and trade with one contract first. The boy would never have succeeded if he tried to skate like a champion on his first try.

2. Don't give up too easily! Losses are part of our business. Don't expect to make millions in your first week of trading. "Practicing tomorrow I will be better than today." Learn from your successes and learn from your mistakes, and pledge to become a better trader every day. The boy knew that a failure today could turn into more success tomorrow, and he reminded himself of that each time he had a setback.

Sesame Street may not offer you the most timely stock tips, but it can definitely teach you how not to sabotage yourself and your strategies by abandoning them too early or expecting success too quickly.



As CEO at Rockwell Trading, Inc., Markus has taught hundreds of investors in the U.S. and European markets. Throughout his career, Markus has traded EVERYTHING: stocks, options, futures, commodities, spreads, Forex, foreign markets, interest rates, etc. If its out there, he has probably traded it. 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 has written articles on over 500 websites, and has become an expert contributor on ezinearticles.com, Yahoo Answers, and FAQTs.com. www.rockwelltrading.com

Wednesday Day Trading: ES Trades Long and Short

Today was basically a non event day trading in the ES market. We made a couple of attempts to enter the market today. Both attempts did not work out. This happens in trading. You can't possibly win them all.

In any case, trading 2 contracts today we took two attempts, on both occasions the entry point was valid, but the momentum to carry the trade to victory was not. The total loss trading 2 contracts today was $600, or $150 per contract today ... two separate trades. Each trade individually lost $300 per trade today.

I know a lot of times I show the positive side of trading, and how much you can make. But the other side of this is you have to be prepared to take losses and drawdown to your account. There is no way that you will win every day.

On average I run between 60% to 70% Win Percentage and around a 2.0 Profit Factor. So for every dollar risked I make 2 dollars. We are coming into another month end and personally I start shutting down the trading for the month around the 28th. Tomorrow there are a couple of economic reports that I would like to trade after the release of them.

Another thing about trading is you will have streaks. You will have winning streaks and you will have losing streaks. Being able to continue to trade through the drawdowns is important. Perhaps, you have to adjust your contract size accordingly as you experience a drawdown period.

Nothing, and I mean nothing goes straight up ... your account will have peaks and valleys. What you are trying to accomplish is to make each valley a little less than than the last valley so your overall performance is in an upward movement.

With all this being said, day trading is perhaps one of the most rewarding things that you can do, but keeping your patience, discipline, and self-controll will determine in the long run along with your trading plan ... your overall success as a trader.

Good Trades,

David AKA Tiger

Video of the Week: Trading Room Fight

Is it a snow shovel or not?

The following was sent to me ... look at the picture then scroll back up to read the commentary ...
…Submitted by a first grade girl for a homework assignment

After it was graded and the child brought it home, she returned to school the next day with the following note:

Dear Ms. Davis,

I want to be very clear on my child's illustration. It is NOT of me on a dance pole on a stage in a strip joint. I work at Home Depot and had commented to my daughter how much money we made in the recent snowstorm. This photo is of me selling a shovel.

Mrs. Harrington

Good Trades,

David AKA Tiger

So is she shoveling snow or not? :-)

Monday Day Trading: ZB 30 Year Treasury Short Trade $750 for every 2 contracts

Click on chart for comments on the ZB Market trade.

Good Trades,

David AKA Tiger

Best Trade of the Week Video: ES Breakout Long Trade $750 for every 2 contracts

During the editing process on this video, I cut the last minute or so out of the video. With that being said, you didn't miss much the conclusion to what I was saying is this trade earned $750 for every 2 contracts traded.

I look forward to seeing you in the Live Trading Chat Room with Rcckwell Trading.

www.RockwellTrading.com

Good Trades,

David AKA Tiger