We took another small loss (i.e., $24 plus commissions) attempting to bottom-fish 400 shares at 17.88. Let’s give it a third try, bidding 17.20 — 0.02 above the 17.18 target shown — with a stop-loss at 17.15. We’d stand a better chance of getting traction without trial-and-error by using camouflage, but I’ve been recommending straight bids instead because I want to make the trade acccessible to all subscribers. _____ UPDATE (February 15 at 10:34 a.m. EST): So much for that bid. We were stopped out for a whopping $20 trading loss, GDXJ having hit a so-far low today of 17.12. With Comex March Gold evidently on its way down to 1569.90, a Hidden Pivot target first broached here a while back, we’ll back away from gold in all its forms for a while.
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The consistent 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.
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(July 18, 2016)
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