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Last Post: 1/13/2017 2:47:32 PM - Followers: 403 - 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.
PostSubject
#31691   OUT SPY 227.50 PUT @.78 smartone 01/13/17 02:47:31 PM
#31690   BOT SPY 227.50 PUT @.41 smartone 01/13/17 12:20:18 PM
#31689   SOLD AMZN 797.5 put @3.31 smartone 01/12/17 02:22:23 PM
#31688   BTO $AAPL 118 Puts @ .13 itchibahn 01/12/17 01:13:58 PM
#31687   STC $AAPL 118 Puts @ .37 itchibahn 01/12/17 10:58:22 AM
#31686   STC $AAPL 119.00 Calls @.47 itchibahn 01/12/17 10:30:20 AM
#31685   BTO $AAPL 118.00 Puts @.27 itchibahn 01/12/17 10:28:41 AM
#31684   BOT AMZN 797.5 put @1.94 smartone 01/12/17 09:51:35 AM
#31683   BTO $AAPL 119.00 Calls @ .42 itchibahn 01/12/17 09:47:57 AM
#31682   STC $AAPL 119.00 Puts @.57 itchibahn 01/12/17 09:34:05 AM
#31681   BTO $AAPL 119.00 Puts @.39. Addicted to gambling... itchibahn 01/11/17 02:43:08 PM
#31680   STC $AAPL 119.00 Puts @ .48. Almost itchibahn 01/11/17 02:41:31 PM
#31679   Added $AAPL 119.00 Puts @ .54 to lower avg. itchibahn 01/11/17 02:26:07 PM
#31678   BTO $AAPL 119.00 Puts @ .62 itchibahn 01/11/17 02:07:09 PM
#31677   STC $AAPL 13Jan17 119.00 Calls @.57 itchibahn 01/11/17 01:39:07 PM
#31676   1 more trade, unless big change occurs on itchibahn 01/11/17 12:52:13 PM
#31675   BTO $AAPL 13Jan17 119.00 Calls at .51 itchibahn 01/11/17 12:50:02 PM
#31674   nice run itch Beerworld 01/11/17 12:23:38 PM
#31673   STC $AAPL 119.00 Calls @.73. Almost predictable. itchibahn 01/11/17 10:43:45 AM
#31672   BTO $AAPL 119.00 Calls @.67 itchibahn 01/11/17 10:06:10 AM
#31671   STC $AAPL 119.00 Calls @.79 itchibahn 01/11/17 09:57:44 AM
#31670   BTO $AAPL 119.00 Calls @.66 itchibahn 01/11/17 09:45:50 AM
#31669   STC 13Jan17 $AAPL 119.00 Calls @.80 itchibahn 01/11/17 09:36:54 AM
#31668   BTO 13Jan17 $AAPL 119.00 Calls at .71 itchibahn 01/11/17 09:33:28 AM
#31666   OUT earlier SPY 227 Jan 11 put @.61 smartone 01/10/17 03:36:03 PM
#31665   BOT SPY 227 Jan 11 put @.27 smartone 01/10/17 12:44:42 PM
#31664   BOT NFLX 131 CALL @1.37 smartone 01/10/17 11:41:15 AM
#31663   STC $AAPL 119.00 Calls @.79. I'm done itchibahn 01/10/17 11:06:14 AM
#31662   BTO $AAPL 13Jan17 119.00 Calls @ .70 itchibahn 01/10/17 10:21:38 AM
#31661   STC $AAPL 13Jan17 118.00 Puts @.65 itchibahn 01/10/17 09:54:54 AM
#31660   BTO $AAPL 13Jan17 118.00 Puts @ .48 itchibahn 01/10/17 09:41:21 AM
#31658   I have same problem when trading indexes could farooq 01/08/17 12:25:30 AM
#31657   sold rest QQQ 120.50 @ .90 Beerworld 01/06/17 10:52:27 AM
#31656   sold half QQQ120.5 call @ .84 Beerworld 01/06/17 10:08:13 AM
#31655   bot AMZN 780 call @ 2.55 Beerworld 01/06/17 09:49:23 AM
#31654   that's what I wrote back!!! Beerworld 01/06/17 12:44:34 AM
#31653   wow he needs to upgrade seriously smartone 01/06/17 12:39:26 AM
#31652   his is Windows 7 !!!!! Beerworld 01/05/17 01:37:00 PM
#31651   I also think Widows XP was better then farooq 01/05/17 01:35:59 PM
#31650   He has some major computer problems, lost data Beerworld 01/05/17 01:28:15 PM
#31649   Beer say he is busy in other endeavours. farooq 01/05/17 01:21:37 PM
#31648   Wondering what happened to Roy. I am smartone 01/05/17 11:41:06 AM
#31647   ok thanks Mighty_Shadow 01/05/17 06:28:43 AM
#31646   mighty_shadow can't PM. Got an email from Roy Beerworld 01/04/17 11:33:19 PM
#31645   Happy New Year! Wish you all make itchibahn 01/04/17 10:09:21 AM
#31644   Happy new year to you and all board participants. farooq 01/03/17 12:00:49 PM
#31643   happy new year to all the folks here. dotnet 01/03/17 11:26:52 AM
#31642   out NFLX 125 call @.14 smartone 12/30/16 12:11:46 PM
#31641   ADD NFLX 125 call @.13 smartone 12/30/16 11:46:08 AM
#31640   BOT NFLX 125 call @.21 smartone 12/30/16 11:11:55 AM
PostSubject