Description
Trading picks in stocks and commodities using proprietary indicators, daily commentary and advisory.
Overall Rating
Rating: 2.9/5. From 7 votes.
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2.3
Rating from 35 votes
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Investment Performance
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Rating: 2.3/5. From 10 votes.
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Quality Of Writing/Analysis
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Rating: 2.0/5. From 9 votes.
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Value For Price
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Rating: 2.0/5. From 9 votes.
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Customer Service
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Rating: 2.9/5. From 7 votes.
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Rick’s Picks [Rick Ackerman],
This has been an awesome service but has gotten complicated since he introduced “camouflage” entry points. EG today several of us opened a gold trade when gold hit the entry point he “touted”. It was a small loss. Later in his chat room he said that it wasn’t a trade because [not verbatim] “it didn’t reach the entry point in the correct way”. That is totally unmanageable!!!!!!!! Even he admitted in the chat room that his explanation for the “non-trade” “sounded complicated”. Average Joe six-pack will find it hard to follow this. Sad because this once great service has gotten way too complicated.
Camo, you’re going to LOVE two new entry tactics I’ve developed especially for beginners: ‘mechanical’ and ‘counterintuitive’ trades. Both are no-brainers (as you may have surmised for yourself if you’ve stuck with Rick’s Picks). More important, these two tactics have been yielding excellent results.
they also have not said how great he is latly
it seems newsletters get dropped and rebranded when they fail
[ i do not get this one but get others , the spam will tell you how great they are when [ which ever one ] they get it right ]
The way the HPM system works is that Rick constantly posts and amends the targets, when one of them eventually (as odds dictate must do) proves successful you get to hear about it. I too could be phenomenally accurate using such a system, as could my next door neighbours cat.
Two-point-seven niggardly stars indeed! It’s time to revisit Rick’ s Picks. Your comments might cause someone as unfamiliar with my work as you seem to be to infer that it is mediocre, like so much else in the guru world. Visit one of my two chat rooms and ask my subscribers what they think. Test out some of my explicitly detailed trading recommendations. This would be a good time for it, since IWM, QQQ, Crude Oil et al. have hit MAJOR rally targets. I have been bullish for nearly every inch of the ride up, but I think the indices are all topping here. Dec 27 is my turn date.
WRONG!!
The “niggardly 2.8 stars” is actually quite generous for what this egotistical barbarian offers. I would offer a rating of minus 5 stars if such were possible. Let me explain this rating.
I got some spam in my inbox concerning his tip service, and thought i’d try it out. Well, he gave some pretty explicit trade ideas. But then I thought maybe it might be somewhat useful to know the basis for it, so signed up for one of his courses. The method is simple enough, as a variant on the ABCD trading method with some proprietary entry and exit techniques. I then went out to apply it to a simple 1 hr S&P emini chart. He states explicitly in the course the method can be applied to any trading vehicle in any timeframe. To check my work with those who have more experience than I, I signed up for his trading blog and posted my trade, asking simply if it was valid. The egotistical reply was as follows:
“‘Valid’ takes in a wide swath of possibilities that are likely to lose money, Tex. The worst of them are typically derived from bathing-beauty ABCD patterns that are just a tad too seductive. (Yours is not quite that, by the way, since the ‘B’ low is on the wrong bar; it should be moved 12 handles to the right..) The Hidden Pivot Method has evolved over the last couple of years in a way that turns perfectly good ABCD patterns inside out and upside down. This allows us to leverage set-ups that few others, most particularly algorithmic players, see or appreciate.”
For starters, the tone was egotistical and inappropriate. Getting into the guts of the post, Mr. Ackerman felt that the true low for the move was a spike low that came in the middle of the globex session the evening before non-farm payrolls. At that time, the futures were spiking up & down in ways typical of absent liquidity. Secondly, you have no way of knowing a priori whether the low you saw in a more liquid market was “the low” or not. Thirdly, running the price levels obtained comparing the two results (the one with the slightly lower low 12 bars later), it made virtually no difference in terms of the bottom-line levels. Finally, Mr. Ackerman seems to be saying nothing you can get from his course is going to tell you whether the trade you’re looking at will make money or not. So why waste your money.
Bottom line: I came away from my experience angry. And that makes Rick’s Picks and the education attached less than worthless.