Ricks Picks

FB – Facebook (Last:166.93)


DaBoyz have harnessed panic-stricken bears to do in minutes what bulls might not have accomplished in a month — i.e., push a beleaguered Facebook $25 higher without wasting a dime of their own money. I doubt whether even urgent short-covering can spike the stock past the 171.25 target, but we can use it as a minimum upside target for the very near-term nonetheless. Depending on how things open, we might look at expiring puts, tightly stopped, to leverage the target.______ UPDATE (Jan 31, 11:45 a.m.): I bought expiring 165 puts for 0.35, a nickel off their low, when FB topped this morning at 171.68. Several subscribers did likewise when I flagged the opportunity in the chat room. At least one subscriber has already cashed out for a 50% gain on FB’s drop to 168.56. I’m holding onto the puts myself for a swing at the fences. _______ UPDATE (Jan 31, 4:41 p.m.): As posted in the chat room at the time, I doubled out on half of the puts when FB sank minutes before the closing bell. The 0.70 I received for the puts will effectively give me a free short position when trading commences Friday morning.  In the meantime, just in case the stock unexpectedly swoons overnight, I’ve entered a distress bid for stock at 163.70 to lock in a profit on my options. If the order fills I’ll be able to short 165 calls risklessly for good measure on the opening, leaving me with a three-sided “conversion.”  Every subscriber who bought the puts reported making money on them, although it was not possible to tell how many were still holding a position overnight. If you remained short, consider the stock gambit detailed above.

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Tuesday, August 20, 2019

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.

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, August 20. Click below to register or get more information.

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