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Last Post: 10/20/2017 11:23:14 AM - Followers: 437 - Board type: Free - Posts Today: 0

Options Only Please.

Mabbers risk management.
Not sure if this helps you or not, but look at it this way. If you start with a $250 balance and just look for 20% gain each day, in 20 days you will have close to $10,000 in your account (minus commissions). Some days you will make more, others less. Set limits, and set targets for each day, too.....and write everything down so you know where you are at by the end of the week. If you don't hit your target, at least try to make a profit....then set a new target. 

Beerworld setup
I can toggle between all time frames but set up remains the same. but maybe not which I emphasize. I have bol bands and EMA 3 and 8. S1 S2 and R1 R2. under Wm%r CCI 14, RSI OBV and a MOM indicator. I am using 2 min and 5 min for short term trading. But to avoid too many whipsaws I need more than one confirmation. CCI is more of a confirmation . For turns I am more watching Wm%r and RSI.

Roy setup
 
It is an example of how I look for a reversal on a rising stock price to anticipate a top and reversal as a puts entry point. 
 
These are my actual indicators which have changed little. If you 
don't have a good chart service, wasting your time here. I use StockCharts, 30 bucks a month. 
 
Start with a stock that has been doing little for a while but on the 5-minute is executing a steep advance. You should be seeing RSI(14) already high (mostly above 70) Wm%R(14) similar, stock volume increasing with longer green bars, STO 14,3 beginning to climb, likewise STO 5,5: A/D level or beginning to slope down, Chaiken oscillator middling, OBV similar to A/D. 
 
All this is intraday. Watch the stock price climb steeply, supported by long green volume bars. RSI will wiggle around up and down mostly in the region of +70, actually preferably slightly lower highs and lower lows, not much, the thing is not shouting at you. Definitely do want RSI climbing with the stock. No, no. Wm is similar, slightly lower and wobbly up and down a little. A/D and IBV may have a little effect, but unless large, ignore. WATCH CHAIKEN OSCILLATOR: IT NEEDS TO BE GOING DOWN, diverging from the rising stock price. After a while (1/2 hour, hour, more?) There may be a hesitation in the stock advance, but resuming shortly AT A LESS STEEP SLOPE. Not a lot of time left. Look for shorter green volume bars and an occasional red volume bar, both shorter than the previous steep price advance. The thing is tiring, late arrivers have less money to push the stock up. Usually see a typical toppy candle: shooting star, dark cloud cover, or engulfing. See the RSI diving. See Wm%R dive through -50. Sto 5,5 has already turned over to below 80, Sto 14,3 has hooked and threatening to drop through 80. Buy the puts NOW.
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PostSubject
#33777   OUT SPY 257.00 Put @60 smartone 10/20/17 11:23:14 AM
#33776   BOT SPY 257.00 Put @44 smartone 10/20/17 10:26:28 AM
#33775   BOT CMG 320 PUT @ .60 smartone 10/20/17 09:48:57 AM
#33774   BOT TSLA 355.00 Call 1.08 smartone 10/20/17 09:32:58 AM
#33773   BOT SPY 254.00 Put @26 @17 smartone 10/19/17 11:45:06 AM
#33772   I prefer close to the money strikes. I johny1 10/19/17 11:06:51 AM
#33771   OUT SPY 254.00 Put @26 @38 smartone 10/19/17 10:54:14 AM
#33770   smart1 and anyone. I only ask to have Beerworld 10/19/17 10:36:06 AM
#33769   BTO AAPL 10/27 160.00 Calls @.53 johny1 10/19/17 10:30:32 AM
#33768   Bot FB Oct 20, 175 puts at 1.94 royg1927 10/19/17 09:53:27 AM
#33767   Bot AAPL Oct 20, 155 puts at .49 royg1927 10/19/17 09:43:16 AM
#33766   BOT SPY 254.00 Put @26 smartone 10/19/17 09:39:23 AM
#33765   Well there goes half my profit for the johny1 10/19/17 08:27:55 AM
#33764   Holding overnight like a crazy a## fool johny1 10/18/17 07:28:27 PM
#33763   BTO AAPL 10/20 162.50 Calls @.11 johny1 10/18/17 03:00:28 PM
#33762   OUT SPY Oct 18 2017 256.00 Put @20 smartone 10/18/17 02:07:44 PM
#33761   BOT SPY Oct 18 2017 256.00 Put @23 smartone 10/18/17 01:32:13 PM
#33760   OUT SPY Oct 18 2017 256.00 Put @46 smartone 10/18/17 12:25:16 PM
#33759   BOT SPY Oct 18 2017 256.00 Put @34 smartone 10/18/17 11:05:17 AM
#33758   OUT SPY Oct 18 2017 256.00 Put @48 smartone 10/18/17 10:48:35 AM
#33757   BOT SPY Oct 18 2017 256.00 Put @38 smartone 10/18/17 09:50:30 AM
#33756   STC AAPL 10/20 162.50 Calls @.25 (+25%) Nice johny1 10/18/17 09:35:24 AM
#33755   BTO AAPL 10/20 162.50 Calls @.20 johny1 10/18/17 09:31:43 AM
#33754   OUT SPY Oct 18 255. Put @24 smartone 10/17/17 12:27:06 PM
#33753   Bot GS Oct 20, 240 calls at 1.92 royg1927 10/17/17 10:24:47 AM
#33752   BOT SPY Oct 18 255. Put @23 smartone 10/17/17 10:20:53 AM
#33751   OUT FB 177.50 Call @.66 smartone 10/17/17 09:48:27 AM
#33750   STC AAPL 10/20 157.50 Puts @.45 (+9.7%) Thought johny1 10/17/17 09:40:48 AM
#33749   BTO AAPL 10/20 157.50 Puts @.41 johny1 10/17/17 09:32:45 AM
#33748   Are you holding overnight? I flipped some Apple johny1 10/16/17 11:06:20 PM
#33747   BOT FB 177.50 Call @.43 smartone 10/16/17 02:49:06 PM
#33746   OUT TSLA 342.50 Put 2.84 smartone 10/16/17 11:38:17 AM
#33745   Bot AAPL Oct 20, 155 puts at .19 royg1927 10/16/17 10:25:17 AM
#33744   Bot GS Oct 20, 235 puts at 1.62 royg1927 10/16/17 10:22:51 AM
#33743   Bot FB Oct 20, 170 puts at .31 royg1927 10/16/17 10:08:19 AM
#33742   BOT TSLA 342.50 Put 2.03 smartone 10/16/17 09:41:57 AM
#33741   OUT SPY 255.00 Put 20 smartone 10/13/17 03:58:54 PM
#33740   Bot Spy 255.00 Put @10 smartone 10/13/17 12:40:37 PM
#33739   OUT NVDA 195.00 Call @.43 smartone 10/13/17 12:17:40 PM
#33738   Bot AAPL Oct 13, 157.5 puts at .63 royg1927 10/13/17 11:39:58 AM
#33737   STC AAPL 10/20 157.50 Calls @1.13 (+2.7%) Glad johny1 10/13/17 11:35:25 AM
#33736   ADD NVDA 195.00 Call @.08 smartone 10/13/17 11:18:33 AM
#33735   BOT NVDA 195.00 Call @.19 smartone 10/13/17 09:41:41 AM
#33734   Nice trade Smartone. Almost triple right now johny1 10/13/17 09:40:17 AM
#33733   BTO AAPL 10/20 157.50 Calls @1.10 johny1 10/13/17 09:34:18 AM
#33732   kept this overnight because it was under water smartone 10/13/17 09:23:51 AM
#33731   out SPY 254.50 Put @27 smartone 10/12/17 03:26:37 PM
#33730   BOT SPY 254.50 Put @18 smartone 10/12/17 12:14:57 PM
#33729   BOT NFLX 197.50 Call @99 smartone 10/12/17 12:08:16 PM
#33728   OUT T SPY 254.50 Put 22 smartone 10/12/17 11:42:06 AM
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