Sorry that I don't have answers to your questions, but rather have a couple of questions of my own.
Does Netpicks post their trading rules anywhere? I began receiving their newsletter Monday, and am only now beginning to figure out how they describe their picks. Apparently they don't provide a specific entry point at which you should try to buy the option, but rather want you to buy it when the underlying stock rises or falls to a certain level. This makes sense, but shouldn't they explain this clearly somewhere?
The Revised Trading Rules section at the bottom of each email is incomplete, seeming to assume that the reader has read the "full" set of rules elsewhere. For example, they state, "You can now ignore our 30 minute rule," but never explain what this 30 minute rule is. (I think I've figured that one out from a couple of messages on this thread.)
The Target amount is apparently the targeted increase you hope to get out of the option, while the Stop is the reduction in value at which you sell. Again, this is explained nowhere in the Revised Trading Rules section, which states "All orders can be entered exactly as indicated on our advisory," which would mean that Target refers to the actual target sale price, Stop to the stop price, etc.
Can anyone tell me if they know of a more comprehensive listing of Netpicks rules than those contained in the nightly advisory?
Also (this is not Netpicks omission) would like to get a definition of trailing stops, if anyone could be so kind.
Thanks to all who post to this thread.
Gery |
