FAQs Frequently Asked Questions
Q: Of the pocket pivot emails issued after the close, what is the assumption in terms of entry? Would we enter the next day on the open?
Is there a way we could get these "in real time" - that is, can you anticipate at some point intraday that volume will hit the level you've defined for a pocket pivot, and (assuming price is at the right level) send the alert then? I'd like to get more of a jump on these.
A: Some pocket pivot reports are issued during the trading day, and others are issued after the close. In some cases, we send out intraday reports on stocks that may issue pocket pivots we believe will have qualifying volume by the end of the day. See our pocket pivot archives for such reports.
For reports issued after the close, you should enter the next day. If you have to pay up by x% the next day, know that your risk is x% higher in the trade. It is up to each investor to determine what their maximum 'x%' value is, based on their own risk tolerance levels, and also within the context of the stock's chart. More volatile stocks will have higher x% maximums. In some cases, you may have to skip the trade altogether if the x% remains above your maximum x% level.
In a good market, there will be many opportunities to buy solid pocket pivots, so dont feel the need to ever rush in to buy every pocket pivot.
First published: | 25 Oct 2010 |
Last updated: | 25 Oct 2010 |