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October 8, 2017 | When Getting It Wrong Pays Off

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

There are some potentially important rally targets in some popular vehicles we track. Although we try to avoid getting seduced by the prospect of catching the Mother of All Tops, laying out tightly stopped shorts at key Hidden Pivot resistance points will always be too great a temptation to pass up, especially since these trades have produced at least small profits perhaps 75% of the time. Being wrong needn’t be costly, as many Rick’s Picks subscribers have discovered, and it can sometimes produce gains if one’s timing is perfect.

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October 8th, 2017

Posted In: Rick's Picks

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