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Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
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Last Post: 6/27/2017 4:01:31 PM - Followers: 427 - 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
#32973   SOLD NFLX Jun 30 160 Call @.25 d5wr59mfi8 06/27/17 04:01:31 PM
#32972   BOT AAPL Jun 30 143 Put @42, SOLD @80 d5wr59mfi8 06/27/17 04:00:53 PM
#32971   hardly Roy and Beer are much better than me smartone 06/27/17 02:42:40 PM
#32970   very good! you're the King! Sylph 06/27/17 02:40:35 PM
#32969   OUT SPY Jun 28 242.5 Put 91 smartone 06/27/17 02:28:56 PM
#32968   IN SPY June 30 $243 CALL @ .45 Xtrasauc3 06/27/17 02:02:12 PM
#32967   BOT SPY Jun 28 242.5 Put @20 smartone 06/27/17 11:14:25 AM
#32966   BOT SPY Jun 30 243 Put @50 smartone 06/26/17 03:25:27 PM
#32965   OUT COST 160 Call 1.92 smartone 06/26/17 01:17:40 PM
#32964   IN COST $188 Oct 20 CALL @ .45 Xtrasauc3 06/26/17 12:29:17 PM
#32963   OUT SPY Jun 30 243 Put @66 smartone 06/26/17 12:15:28 PM
#32962   BOT NFLX Jun 30 160 Call @.90 d5wr59mfi8 06/26/17 11:36:47 AM
#32961   Sld AAPL June 30, 147 puts at 1.90 royg1927 06/26/17 11:29:28 AM
#32960   BOT SPY Jun 30 243 Put @37 smartone 06/26/17 10:53:20 AM
#32959   Bot AAPL June 30, 147 puts at .72 royg1927 06/26/17 10:21:38 AM
#32958   BOT COST 160 Call 1.17 smartone 06/26/17 09:47:03 AM
#32957   SP500 opening heat map 90% + green royg1927 06/26/17 09:31:51 AM
#32956   Options Trading Idea Ahead of Earnings for $MU bratby 06/24/17 12:31:02 PM
#32955   OUT SPY Jun 23 2017 243.5 Put 72 smartone 06/23/17 03:37:26 PM
#32954   Sld BIDU June 23, 177.5 puts at .07 royg1927 06/23/17 03:09:59 PM
#32953   Sld remaining 29% of GS June 23, 222.5 royg1927 06/23/17 03:05:14 PM
#32952   ADD SPY 243.5 Put @19 smartone 06/23/17 01:59:44 PM
#32951   BOT SPY 243.5 Put @27 smartone 06/23/17 01:09:26 PM
#32950   OUT IWM 140.5 Put @19 smartone 06/23/17 12:22:44 PM
#32949   BOT IWM 140.5 Put @14 smartone 06/23/17 11:04:08 AM
#32948   OUT AAPL 145 Put @20 smartone 06/23/17 10:42:20 AM
#32947   BOT AAPL 145 Put @20 smartone 06/23/17 09:46:20 AM
#32946   OUT GS 222.5 Call 50 smartone 06/22/17 03:25:40 PM
#32945   BOT GS 222.5 Call @45 smartone 06/22/17 02:13:58 PM
#32944   OUT AAPL 146 Call 1.02 smartone 06/22/17 01:24:04 PM
#32943   Sld 46% more of GS June 23, 222.5 royg1927 06/22/17 01:18:28 PM
#32942   BOT COST call $162.50 @ .15 Xtrasauc3 06/22/17 12:46:02 PM
#32941   BOT AAPL 146 Call @41 smartone 06/22/17 12:33:48 PM
#32940   Options Play on $NKE Ahead of Earnings bratby 06/22/17 10:18:03 AM
#32939   Sld 25% GS June 23, 222.5 puts at 2.30 royg1927 06/22/17 09:45:28 AM
#32938   Picked up some GDXJ 6/23 32.5p @ 15 GuTA 06/21/17 12:21:44 PM
#32937   BOT NFLX 152.5 Put @67 smartone 06/21/17 11:50:04 AM
#32936   BOT SPY Jun 21 243 Put @18 smartone 06/21/17 11:07:00 AM
#32935   Bot BIDU June 23, 177.5 puts at .72 royg1927 06/21/17 11:06:17 AM
#32934   bot NVDA 160 call @ 2.04 Beerworld 06/20/17 03:03:05 PM
#32933   BOT SPY Jun 21 244 Call 22 smartone 06/20/17 02:56:43 PM
#32932   sold NVDA 160 call @ 2.59 +.65 Beerworld 06/20/17 02:09:36 PM
#32931   bot NVDA 160 call @ 1.94 Beerworld 06/20/17 12:44:07 PM
#32930   Sld BABA June 23, 139 puts at 1.65 royg1927 06/20/17 10:20:43 AM
#32929   Bot GS June 23, 222.5 puts at .72 royg1927 06/20/17 10:13:36 AM
#32928   Bot BABA June 23, 139 puts at 1.40 royg1927 06/20/17 10:06:04 AM
#32927   OUT SPY Jun 21 2017 244.5 Put @60 smartone 06/19/17 03:37:29 PM
#32926   BOT SPY Jun 21 2017 244.5 Put @.49 smartone 06/19/17 01:50:47 PM
#32925   SPY futures are acting like a magnet to Beerworld 06/19/17 12:34:43 PM
#32924   True another problem is you could end even Beerworld 06/19/17 12:27:35 PM
PostSubject