Jeremy Biberdorf
By: Jeremy Biberdorf
Apr 17, 2024

PowerX Optimizer Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
Apr 17, 2024

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
PowerX Optimizer Logo

4.3/5

4.3 rating based on 5 ratings

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In a nutshell: PowerX Optimizer is a web-based trading platform by Rockwell Trading that helps options traders find and execute profitable trades using the wheel strategy.

Rockwell Trading’s PowerX Optimizer claims to be a battle-tested, math-based trading tool that helps traders find the best stocks and ETFs to trade. The software gives you the entry price, profit targets, and stop loss to help you take the guessing out of trading.

Does Rockwell Trading’s PowerX Optimizer live up to its bold claims? Continue reading my PowerX Optimizer Review to decide for yourself.

Service Type Our Promotion
Trading Software $1,997 one-time fee
That's 50% Off the Regular Price of $3,997
Plus the $997 Annual Fee is Waived
Pros & Cons
Pros
  • Helps you find profitable trading options for trading stocks
  • Works with your existing broker to execute the trades
  • Lifetime membership and free lifetime updates
  • Live interactive sessions each Monday to answer your trading questions
  • 30-day no-risk return policy
Cons
  • High upfront cost
  • Limited proof of success
  • Not suitable for new traders with smaller trading accounts
  • Ideal only for experienced traders
  • It helps to have some options trading experience

Compare to Other Investment Platforms:

PowerX Optimizer Logo
4.0 rating based on 5 ratings
4.0/5
Learn More

Cost$1,997 one-time fee

Motley Fool Options Logo
4.8 rating based on 5 ratings
4.8/5
Learn More

Annual Subscription Fees$999/year. Stock Advisor platform is $199

TheoTrade
4.5 rating based on 5 ratings
4.5/5
Learn More

Fees$99/mo or $997/yr

PowerX Optimizer Overview

powerx optimizer website

PowerX Optimizer is a powerful tool that was developed by former IBM employee Markus Heitkoetter. Markus Heitkoetter launched Rockwell Trading in 2005 and according to his website, Rockwell Trading’s mantra is “Plan your trade and trade your plan.”

The PowerX Optimizer software has two main sections. The PowerX Strategy and The Wheel Strategy. The PowerX strategy requires less starting capital and is designed for growth. The Wheel Strategy does best with an account of $20,000 or more.

Traders considering the PowerX Optimizer must remember what the software was designed for. The software’s main purpose is to sort through thousands of stocks and help you find stocks that meet your predetermined attributes to trade your plan. This scanning feature helps save you time when looking for trades.

To me, trading dashboard is simple and easy to use. I think anyone with trading experience and some options experience should be able to learn how to use PowerX quickly.. PowerX also offers several webinars, tutorials, charting tools, training resources, and on-demand training seminars all taught by Rockwell Trading’s army of analysts .

The website has a few free Rockwell Trading services:

  • Trading Plan – Instructional Video Course + Template
  • Option Trading 101 – Video Course
  • My Trading Routine – Video Tutorial
  • The Complete Guide to Day Trading – Trading eBook
  • The Wheel Options Strategy – Book ($4.95 for shipping)
  • The PowerX Strategy – Book ($4.95 for shipping)

Follow this link to get started with PowerX Optimizer at my discounted rate.

Check PowerX Optimizer’s website to confirm current pricing and full terms.

Who is Markus Heitkoetter?

Before I decide to make a financial commitment to a service, I like to know a bit about the people behind the service. In the video below, Markus Heitkoetter explains the Wheel Strategy and PowerX Optimizer in his own words.

Markus Heitkoetter, a self-made multi-millionaire trader and investor, embarked on his American dream with $30,000 and high aspirations when he moved from Germany to the U.S. in 2002. Over the past two decades, Markus has skillfully navigated the realms of stock and real estate markets to build his fortune.

His journey began more than 25 years ago as a trader, during which he has honed and shared methods, frameworks, and strategies that ensure consistent and profitable trading. In 2005, inspired by requests from friends and family, he founded Rockwell Trading.

Originally started as a personal blog to document his trading insights, it has since grown into a global hub, connecting with over 300,000 traders across more than a dozen countries. This expansion from a simple blog to a significant educational resource underscores his impact on the trading community.

Today, Markus is not only known for his trading acumen but also as an author of three best-selling books on trading and investing, which have been translated into multiple languages. He also manages a YouTube channel that boasts over 4 million views, where he continues to share his knowledge on trading stocks and options.

Living in Austin, TX, Markus remains committed to his mission of empowering people to achieve financial freedom through trading, reaching out to a diverse audience that spans friends, family, and traders worldwide.

External PowerX Optimizer Reviews & Ratings

SiteRating
Sitejabber4.7 from 3,600 reviews
Trustpilot4.7 from 203 reviews
Better Business Bureau4.7 from 23 reviews

Firsthand User Experience with PowerX Optimizer

Here are some reviews I came across from traders who have experienced the platform firsthand:

“All the theory about Option trading is known. Attempting it natively went ok. PowerX adds some very cool rules to make it far more efficient – and really successful. For me the tool improves the efficiency dramatically. Effectively 15 min per day, skipping Tue and We’d mostly, I have all information I need on this tool to take decisions. That’s worth every $ spent on it.”
“I’m new to options trading. A friend recommended the Power X system that he uses. This is a great way to get started. I’m paper trading, but with what I’ve seen and how it works, I love it.”
“PowerX Opitmizer is a wonderful program that helps me incredibly in my daily work with stock and optios trading. Especially as a beginner you spend a lot of time with stock screeing, you are unsure. PowerX Opitmizer gives you more confidence and takes away so much work and that saves an incredible amount of time. The software is worth every penny. Many thanks to Markus and Mark and the whole Rockwell team for this great tool.”
“I had been struggling to understand and trade with other programs in past. I was frustrated with my trading losses. Then I came across Markus’s wheel strategy book. I tried the strategy as described. I had winning trades since then. Then I read PowerX optimizer and I started to trade accordingly. I had been having successful trades since then. Going thru the tutorials, I understood the trading strategies, money management and stock selection appropriately.”

PowerX Opitmizer Review Videos

The Wheel Trading Strategy

The Wheel Options Strategy can be summarized by this:

  • You sell cash-secured put options on a stock or ETF until you get assigned and receive the 100 stock shares
  • You then sell covered call options on the assigned stock/ETF until it is called away (and collect the dividends – if applicable)
  • You start the cycle again

The strategy requires several key points. PowerX Optimizer’s software was designed to help you with these key points. The Wheel Trade Strategy is best for

  • Stocks/ETFs with high options volume (liquidity)
  • Stocks/ETFs that pay dividends (which you can collect if you hold the stock)
  • Stocks/ETFs that have a low enough price that you can buy 100 shares – or be assigned 100 shares
  • Stocks/ETFs that you wouldn’t mind owning for an extended period of time

Trust me, this approach to trading is not a get-rich-quick plan. Each step can take some time to pan out. For example, if you sell a cash-covered put on a stock you receive the premium for selling the put but your cash is “tied up” until the put expires or until you are assigned the 100 shares. Likewise, if you are assigned 100 shares then you can collect the dividend and you can sell covered calls against the stock. Selling covered calls will produce some premium but it can take some time depending on what expiration date you select for it to expire.

PowerX Optimizer helps you sort through many of these decisions. It looks at how much you have in your account to see what liquid stocks to consider. It also suggests how many contracts you should sell puts on, the strike price, and the expiration. Really, according to Markus, all you have to do is fund your trading account and learn how to use PowerX Optimizer’s program to find the trades. You can even allow the software to connect with your brokerage account and execute the trades for you.

During a live trading secession, the Wheel Strategy scans for stock market trades every two minutes. The parameters of the screener can be adjusted or you can use the default settings. Traders can also view conservative results or aggressive results.

Users can also flag certain stocks as they appear in the scans. Some trades might want to blacklist or never trade certain stocks. For example, it might be better to never trade Chinese stocks during a China vs US trade war.

PowerX Optimizer software

PowerX Optimizer is Best For

  • Active traders with options trading experience
  • Investors wanting to add semi-passive income to their accounts by selling options premium
  • Traders with accounts big enough to buy 100 shares of stocks they wouldn’t mind owning

Seamless Integration With Your Brokerage

PowerX Optimizer’s compatibility with a wide range of existing brokers stands out as a significant advantage. This feature allows traders to seamlessly execute trades within their preferred brokerage accounts, eliminating the need for multiple platforms and simplifying the trading process.

This integration ensures that traders can leverage PowerX Optimizer’s insights and strategies directly, enhancing trading efficiency and effectiveness. Furthermore, this seamless integration facilitates a smoother trading workflow, allowing users to focus more on strategy and less on the mechanics of trade execution.

Lifetime Value and Updates

Investing in PowerX Optimizer offers exceptional long-term value through its lifetime membership and free updates. This means traders pay once and receive continuous software improvements, new features, and up-to-date market data at no additional cost.

This commitment to ongoing development ensures that traders always have access to cutting-edge tools and strategies. To me this makes PowerX Optimizer a worthwhile investment for serious traders.

The lifetime value proposition underscores the platform’s commitment to supporting traders’ success over the long haul, ensuring they remain competitive in the ever-evolving trading landscape.

Get Started With PowerX Optimizer

Weekly Live Interactive Sessions

The platform’s weekly live interactive sessions are a testament to Rockwell Trading’s dedication to user support and education. These sessions, conducted by experienced traders, provide an opportunity for users to get real-time answers to their trading questions, discuss market conditions, and learn new strategies.

This interactive approach not only enhances the learning experience but also fosters a sense of community among PowerX Optimizer users. The regularity of these sessions ensures that traders have consistent access to expert guidance, keeping them informed and adaptable to market changes.

Your Risk-Free Exploration

PowerX Optimizer’s 30-day no-risk return policy offers traders peace of mind and a risk-free opportunity to explore the software’s capabilities. This policy reflects the confidence Rockwell Trading has in its product and its ability to meet traders’ needs.

Traders can fully test the platform to ensure it aligns with their trading style and objectives, with the option to opt-out if it doesn’t meet their expectations. This risk-free exploration period is crucial for traders to make an informed decision about the software’s fit with their trading approach, ensuring they are confident in their investment.

Don’t forget to use my exclusive link to get a 50% discount.

Cons You Should Be Aware of

Learning Curve for Beginners

While PowerX Optimizer is packed with features, newcomers to trading might find the platform overwhelming. The software is rich in data and tools, which, without proper guidance, could be daunting for those new to trading strategies like The Wheel. Before diving in, I suggest beginners invest time in learning the platform and trading basics.

Initial Investment

While PowerX Optimizer offers a range of benefits, the high upfront cost can be a barrier for some traders. This initial investment might deter those with limited capital or those who are still exploring trading as a viable financial strategy. Potential users must weigh the long-term benefits against the initial outlay to determine if PowerX Optimizer aligns with their financial and trading goals.

Suitability for Experienced Traders

PowerX Optimizer is designed with features that cater to the needs of experienced traders, which might not be as beneficial for beginners or those with smaller trading accounts. The software’s advanced tools and strategies require a certain level of trading knowledge and experience to be utilized effectively. I think new traders, or those with limited capital, might find the platform overwhelming or not tailored to their needs, making it more suitable for seasoned traders.

PowerX Optimizer Competitors You Should Know

Cheddar Flow

Cheddar Flow logo

Cheddar Flow stands as a notable competitor, offering real-time options flow data and analytics. It caters to traders looking to gauge market sentiment and track institutional money flows. While Cheddar Flow excels in options data, it might not provide the comprehensive trading strategy guidance and execution support found in PowerX Optimizer.

Market Chameleon

Market Chameleon

Market Chameleon offers a wide array of tools for options analysis, including implied volatility rankings and earnings calendars. It’s designed for traders who base their strategies on volatility and earnings reports. Compared to PowerX Optimizer, Market Chameleon focuses more on data analysis rather than providing a structured trading strategy.

InsiderFinance

InsiderFinance

InsiderFinance is recognized for its focus on options order flow and dark pool prints, targeting traders who rely on following “smart money” moves. While it offers deep insights into market activities, InsiderFinance may offer a different level of strategy implementation and portfolio management tools than PowerX Optimizer.

PowerX Optimizer Review- My Summary

Investors looking to sell options on stocks they wouldn’t mind owning should take a closer look at PowerX Optimizer. If you don’t have experience selling options, I think it might be helpful to explore all of Markus Heitkoetter’s free resources that he offers at Rockwell Trading.

Also of note, Rockwell Trading now includes Canadian stocks.

The PowerX Optimizer software can put the right trades in front of you at the right time.
We hope this PowerX Optimizer Review helps you make an informed decision.

Frequently Asked Questions

PowerX Optimizer is a web-based platform – so, you can use it anywhere you can internet access and a web browser.

There is not a lot of data on the performance of the software. The software does what it was designed to do. Find trades. However, the market still dictates the success of most investing strategies.

PowerX claims to be the only software available with the same features. PowerX is patent pending. It should be noted that the trades are still executed with your brokerage. PowerX software simply helps you find the trades and then pre-populates the orders into your brokerage account.

PowerX Optimizer is continually evolving, with updates rolled out regularly to enhance its features and user experience. These updates ensure that traders have access to the latest tools and market data to make informed decisions.

While PowerX Optimizer is versatile, it’s optimized for swing trading strategies, particularly with The Wheel Strategy. Day traders might find some tools useful, but the software is primarily designed for trades with a longer timeframe.

Yes, PowerX Optimizer users have access to a community forum and live sessions where they can interact with fellow traders, share strategies, and learn from each other’s experiences. This community aspect is invaluable for both learning and networking.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.