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Last Post: 12/2/2016 4:05:48 PM - Followers: 402 - 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
#31500   you mean puts for next week? 121 ah already Sharknado 12/02/16 04:05:48 PM
#31499   was looking at a nflx put here but smartone 12/02/16 03:00:48 PM
#31498   OUT BABA 91 PUT @.56 smartone 12/02/16 02:04:18 PM
#31497   Good luck to you. Hope you play gdl 12/02/16 01:47:18 PM
#31496   BOT BABA 91 PUT @.40 smartone 12/02/16 11:34:09 AM
#31495   BOT TSLA 182.50 PUT @1.99 smartone 12/02/16 09:48:54 AM
#31494   Sold BABA Dec 2, 92 puts at 2.66 royg1927 12/01/16 03:52:11 PM
#31493   Asking to get out of BABA Dec 2, royg1927 12/01/16 03:48:50 PM
#31492   STC $SPY 2Dec 220 Calls @.29. Barely. itchibahn 12/01/16 03:48:48 PM
#31491   BOT NFLX 116 put @.47 smartone 12/01/16 03:19:39 PM
#31490   Been watching it, and thought I join you. itchibahn 12/01/16 02:15:49 PM
#31489   BOT SPY 220 CALL @.34 smartone 12/01/16 02:04:43 PM
#31488   still in baba put ? smartone 12/01/16 01:39:53 PM
#31487   STC $AAPL 2Dec 108.00 Puts @ .15. Geez, itchibahn 12/01/16 01:12:54 PM
#31486   OUT IWM 131.50 PUT @ .68 smartone 12/01/16 11:39:04 AM
#31485   BOT $AAPL 2Dec 108 Puts @ .10 itchibahn 12/01/16 11:10:41 AM
#31484   NFLX 117 puts looking much better now Sharknado 12/01/16 11:07:31 AM
#31483   BOT IWM 131.50 PUT @ .37 smartone 12/01/16 10:44:46 AM
#31482   What stock and what strike and where was farooq 12/01/16 10:34:42 AM
#31481   $APPL added 9Dec 113.00 Calls @.26 itchibahn 12/01/16 10:25:27 AM
#31480   I bought calls at .15, after few days itchibahn 12/01/16 10:13:14 AM
#31479   $AAPL sold to close 2Dec 112.00 Calls @.14. itchibahn 12/01/16 10:08:27 AM
#31478   $AAPL added 2Dec 112.00 Calls @.07. itchibahn 12/01/16 10:00:36 AM
#31477   Bot BABA Dec 2, 92 puts at .36 royg1927 12/01/16 09:54:29 AM
#31476   Bot FB Dec 2, 116 puts at .45 royg1927 12/01/16 09:51:17 AM
#31475   ITM options always have a bid. Please elaborate farooq 12/01/16 08:32:39 AM
#31474   No prob. Just before closing, I kept lowering itchibahn 11/30/16 04:11:06 PM
#31473   Download malwarebytes from malwarebytes dot org site and itchibahn 11/30/16 03:35:57 PM
#31472   Hi BigRed7. Thanks for your question. royg1927 11/30/16 03:13:52 PM
#31471   Royg1927, I read your setup which is very BigRed7 11/30/16 02:23:38 PM
#31470   sorry we mostly do weekly options on here smartone 11/30/16 02:17:17 PM
#31469   i am very inconsistent with posting trades smartone 11/30/16 02:09:29 PM
#31468   Smartone, do you often post all of your BigRed7 11/30/16 01:54:29 PM
#31467   What would you recomend with a long ITM itchibahn 11/30/16 12:52:45 PM
#31466   OUT SPY 221.50 Put @.63 smartone 11/30/16 12:24:43 PM
#31465   Out for Chemo this week. May not royg1927 11/30/16 12:12:42 PM
#31464   Sold ~60% of FB Dec 2, 120 puts royg1927 11/30/16 12:04:16 PM
#31463   smartone, your question as to when I bought royg1927 11/30/16 11:41:21 AM
#31462   FYI my SPY put is expiring today .. smartone 11/30/16 11:30:06 AM
#31461   Sold BIDU Dec 2, 170 puts at 3.34 royg1927 11/30/16 11:22:42 AM
#31460   I am here and trading but not on Beerworld 11/30/16 10:55:41 AM
#31459   OUT BABA PUT 94 @1.11 smartone 11/30/16 10:35:08 AM
#31458   BOT SPY 221.50 Put @.32 smartone 11/30/16 10:14:58 AM
#31457   BOT FB Dec 2, 120 puts at .61 royg1927 11/30/16 09:53:02 AM
#31456   BOT BABA PUT 94 @.54 smartone 11/30/16 09:51:08 AM
#31455   WTI plus 3.38 +7.31% royg1927 11/30/16 09:45:10 AM
#31454   Make sense. farooq 11/30/16 08:32:38 AM
#31453   I don't write options -- it is outside smartone 11/29/16 05:57:30 PM
#31452   Isn't writing in that period is a superior idea? farooq 11/29/16 05:46:56 PM
#31451   I will hold sometimes if the set up smartone 11/29/16 04:44:03 PM
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