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December 20, 2017 | When Bitcoin Is Out to Kill, Cripple and Maim

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.

The stock market has turned comatose even as bitcoin’s breathtaking swings wax increasingly violent. We added to a profitable paper position in bitcoin an hour ago (see $BRTI tout below) using a limit bid and a wide stop-loss designed to cushion the trade against a pretty nasty squall. The purpose of these trades, which are being disseminated to, is to demonstrate the suitability of Rick’s Picks‘ proprietary ‘mechanical’ entry technique for getting aboard bitcoin even when it is out to kill, cripple and maim.

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December 20th, 2017

Posted In: Rick's Picks

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