Saturday, May 11, 2013

The No Trader Left Behind Series

– Posted in: Current Touts

Trading profitably can be harder than it looks. Many who have struggled toward this goal think that just because they’ve figured out a way to hold losses down to $30 of $40 a day, that only a small improvement is needed to turn those losses into steady, daily profits. This is in fact a deception, like the carnival midway game where one gets three pitches to knock down some milk cartons. Lots of players manage to scatter one or two of the cartons with the first pitch. But try knocking down the last and you’re likely to come away thinking that a Category 5 hurricane couldn’t do the job. So it goes with trading. Anyone with even rudimentary risk management skills can find a way to lose “only” $50 a day. But making $50 on average? That’s quite a trick. So how do we get our students over the hump? Since 2001, more than a thousand traders have learned the Hidden Pivot Method, currently taught in a six-hour webinar over two consecutive evenings. (Click here for details concerning the next. Or here for a free trial subscription to Rick’s Picks so that you can ask webinar grads for yourself.) We tell each student up front that it will take patience, diligence and practice to achieve consistent profits. Immediately after taking the course, most students, even novices, are capable of trading stocks, options or futures without getting hurt too badly. Mainly, it is a matter managing risk with “impulse legs” rather than with conventional stop-losses, and of initiating trades using a “camouflage” strategy that’s designed to reduce the stress of trading. Of course, not getting hurt too badly is hardly succeeding. That takes considerable practice, and the best way to get it is by attending the online tutorial sessions offered each