SPY – S&P (Equity) (Last:141.82)

EDT

We bought four January 129 puts for 0.31 based on an intraday recommendation made in the chat room and via e-mail.  Use a 0.21 stop-loss for now.  This means you should sell the puts at-the-market if they trade for 0.21 or less. _______ UPDATE (3:42 p.m. EST):  This speculation proved short-lived when the broad averages took another leg up on word of a fiscal-cliff deal. The trading loss on a 0.20 stop-out was $44.  I remain keen on getting short early in 2013, but we’ll wait for a better opportunity.

Comments on this entry are closed.



Rick weighs in on today’s markets with the Korelin Economic Report Thursday Aug 20 Click here

Login



Start subscription
Lost my password

Seminar Information page.

The laser-like accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, October 13. Click below to register or get more information.

Knowledge Base Link

An introduction to the Hidden Pivot Method

This 9-minute video explains Rick's trading and forcasting method.

Rick's Picks Calendar