Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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08:00 |
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08:02 |
Voodoo number coming up in June Gold at 2310.50 that can be bottom-fished with a 5.50-point trigger interval (TI). |
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[Note: I’d planned to email this recommendation to you 40 minutes ago after posting it in the chat room. Since then, however, gold has taken the leap I’d anticipated from above the voodoo number. This has effectively negated the trade, although not my suggestion that you paper-trade my chat room ideas for a while to get a feel for them. You’ll discover that most either work or fail to trigger. RA]
This trade was posted in the chat room a short while ago. It is recommended for subscribers who understand the risk and know how to manage it. In theory, entry risk on this one is about $550 per contract on this trade.
I once posted only trades in the chat room that controlled risk VERY tightly. Over the last couple of years, however, I have loosened up and broadened the selection to include trades that I have found to work fairly consistently. You can decide for yourself whether to take them, but I’d suggest paper trading for a while before you jump in. This will help buttress your confidence and allow you to sharpen your risk-control methods.
RA