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Last Post: 11/17/2017 11:07:50 AM - Followers: 439 - Board type: Free - Posts Today: 3

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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#33951   BOT TSLA 325 CALL @.35 NOV 17 Noell1 11/17/17 11:07:50 AM
#33950   OUT TSLA 320.00 Put @2.81 smartone 11/17/17 10:11:30 AM
#33949   BOT TSLA 320.00 Put @1.79 smartone 11/17/17 10:04:19 AM
#33948   OUT TSLA 320.00 Call @2.30 smartone 11/16/17 01:32:25 PM
#33947   two SPY call trades back to vacation +!!!! Beerworld 11/16/17 10:37:58 AM
#33946   BOT TSLA 320.00 Call @1.65 smartone 11/16/17 10:07:03 AM
#33945   OUT SPY Nov 15 256.50 Put @20 smartone 11/15/17 02:33:21 PM
#33944   BOT SPY Nov 15 256.50 Put @16 smartone 11/15/17 01:59:27 PM
#33943   Followed you in at .47, out at .97. Thanks. GAB 11/15/17 01:19:51 PM
#33942   Sld BIDU Nov 17, 235 puts at 8.07 royg1927 11/15/17 09:55:18 AM
#33941   royg1927 11/15/17 09:50:44 AM
#33940   OUT SPY Nov 15 256.50 Put @93 smartone 11/15/17 09:48:39 AM
#33939   BOT SPY Nov 15 256.50 Put @51 smartone 11/15/17 09:37:09 AM
#33938   OUT TSLA 317.50 Call 2.15 smartone 11/14/17 01:45:01 PM
#33937   BTO SPY Nov. 15 258.00 Calls @.44 johny1 11/14/17 12:10:18 PM
#33936   BOT TSLA 317.50 Call 2.00 smartone 11/14/17 11:15:46 AM
#33935   Are you enjoying?Looking like a double. I bought Beerworld 11/14/17 10:49:35 AM
#33934   Beer listened to you smartone 11/14/17 10:45:01 AM
#33933   STC SPY Nov. 17 257.00 Puts @1.25 (+.23.7%) johny1 11/14/17 10:11:15 AM
#33932   OUT SPY Nov 15 257.50 Put @.40 smartone 11/13/17 02:15:47 PM
#33931   BOT SPY Nov 15 257.50 Put @.40 smartone 11/13/17 12:48:12 PM
#33930   I had TSLA calls in my sights this smartone 11/13/17 11:35:15 AM
#33929   I am still running calls or nothing. Beerworld 11/13/17 11:33:39 AM
#33928   OUT SPY Nov 15 256.50 Put @36 smartone 11/13/17 11:15:34 AM
#33927   ADD SPY Nov 15 256.50 Put @35 smartone 11/13/17 10:41:56 AM
#33926   Bot TSLA Nov 17, 295 puts at 1.72 royg1927 11/13/17 10:35:44 AM
#33925   Bot BIDU Nov 17, 235 puts at 2.66 royg1927 11/13/17 10:29:18 AM
#33924   Looks like SPY popped a couple viagras this morning johny1 11/13/17 10:14:01 AM
#33923   BOT SPY Nov 15 256.50 Put #59 smartone 11/13/17 09:37:59 AM
#33922   BTO SPY Nov. 17 257.00 Puts@1.01 johny1 11/13/17 09:33:06 AM
#33921   Made 21 buy/sells today and walked away with e_money 11/10/17 10:13:06 PM
#33920   STC SPY Nov. 10 258.00 Calls@.15 (-.13) What johny1 11/10/17 04:07:57 PM
#33919   Sld GS Nov 10, 240 puts at .13 royg1927 11/10/17 03:41:04 PM
#33918   Hi Don, thanks for your comments. In royg1927 11/10/17 03:35:42 PM
#33917   Of course there are differences but its as Beerworld 11/10/17 01:37:34 PM
#33916   OUT IWM 147.00 Put @62 smartone 11/10/17 01:26:07 PM
#33915   So is it nicer over there, or about johny1 11/10/17 12:45:58 PM
#33914   ADD IWM 147.00 Put @21 smartone 11/10/17 12:14:56 PM
#33913   Denmark, I lived here for more than 10 Beerworld 11/10/17 11:46:41 AM
#33912   BOT IWM 147.00 Put @28 smartone 11/10/17 11:23:55 AM
#33911   Cool. Somewhere in Europe then? My wife wants johny1 11/10/17 11:09:03 AM
#33910   SP 500 heat map posting 60/40 red to green. royg1927 11/10/17 10:55:29 AM
#33909   OUT IWM 146.50 Put @34 smartone 11/10/17 10:47:49 AM
#33908   where I am now 4:30 PM Beerworld 11/10/17 10:33:51 AM
#33907   Bot GS Nov 10, 240 puts at .07 royg1927 11/10/17 10:23:06 AM
#33906   BOT IWM 146.50 Put @25 smartone 11/10/17 10:22:20 AM
#33905   Sld GS Nov 10, 240 puts at .22 royg1927 11/10/17 10:20:52 AM
#33904   What time is it in your neighborhood? johny1 11/10/17 10:12:24 AM
#33903   Bot GS Nov 10, 240 puts at .10 royg1927 11/10/17 10:05:06 AM
#33902   Since I am in a whole different time Beerworld 11/10/17 10:01:56 AM
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