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Last Post: 2/21/2017 2:23:14 PM - Followers: 409 - Board type: Free - Posts Today: 8

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
#32063   OUT BABA 101 put @.38 smartone 02/21/17 02:23:13 PM
#32062   SPY CCI (14) has been very volatile today Beerworld 02/21/17 02:07:22 PM
#32061   BOT BABA 101 put @.40 smartone 02/21/17 01:34:43 PM
#32060   Nice counter trades!!!!! Beerworld 02/21/17 12:16:14 PM
#32059   OUT SPY Feb 22 236 Put @.51 smartone 02/21/17 12:06:04 PM
#32058   BOT SPY Feb 22 236 Put @.27 smartone 02/21/17 11:04:23 AM
#32057   OUT BABA PUT 100 @.44 smartone 02/21/17 10:42:07 AM
#32056   BOT BABA PUT 100 @.41 smartone 02/21/17 10:16:22 AM
#32055   bummer they changed trading sim and put smartone 02/20/17 08:46:24 AM
#32054   Day off practice smartone 02/20/17 08:29:28 AM
#32053   dunk23 just sent you a email iSwat22 02/17/17 04:40:56 PM
#32052   Thank Art iSwat22 02/17/17 04:40:12 PM
#32051   [email protected] where do you teach let's talk dunk23 02/17/17 04:18:41 PM
#32050   Hey iSwat22, the Options trader, You would already Art 02/17/17 03:54:08 PM
#32049   OUT QQQ 1 30 Put @.40 smartone 02/17/17 03:15:24 PM
#32048   BOT QQQ 1 30 Put @.40 smartone 02/17/17 02:56:23 PM
#32047   OUT TSLA 265 Put @75 smartone 02/17/17 11:31:44 AM
#32046   BOT TSLA 265 Put @56 smartone 02/17/17 10:33:29 AM
#32045   My butt is being saved by AMZN today! Beerworld 02/17/17 10:20:39 AM
#32044   OUT SPY 234 PUT @.22 smartone 02/17/17 10:19:25 AM
#32043   Geez, everytime $SPY looks to breakdown, it ticks up. itchibahn 02/17/17 10:07:55 AM
#32042   ADD SPY 234 PUT @.21 smartone 02/17/17 09:53:17 AM
#32041   REALLY ?? smartone 02/17/17 09:45:22 AM
#32040   No problem not cheating anyone out of money iSwat22 02/17/17 09:41:53 AM
#32039   ISwat22 DO NOT POST something like this again smartone 02/17/17 09:39:13 AM
#32038   BOT SPY 234 PUT @.35 smartone 02/17/17 09:33:26 AM
#32037   you should be a man enough to take farooq 02/17/17 12:51:24 AM
#32036   you are buying there both calls and puts farooq 02/17/17 12:35:37 AM
#32035   That's was last week I must forgot to iSwat22 02/17/17 12:27:37 AM
#32034   you never posted any entries yesterday. farooq 02/17/17 12:19:56 AM
#32033   Sorry sometimes it's hard for me to post iSwat22 02/16/17 07:07:37 PM
#32032   Sld TSLA Feb 17, 275 puts at 6.80 royg1927 02/16/17 03:59:34 PM
#32031   Sorry wanted to sell at $1 yesterday but iSwat22 02/16/17 02:16:51 PM
#32030   Yes I did and I held on to iSwat22 02/16/17 02:12:23 PM
#32029   Yesterday, you said you missed your exit. What trading.jeff 02/16/17 02:06:47 PM
#32028   Thank you iSwat22 02/16/17 01:50:00 PM
#32027   Yes but today it open at .30 even iSwat22 02/16/17 01:49:18 PM
#32026   I just got back. Saw your Yesterday's entry itchibahn 02/16/17 01:46:46 PM
#32025   You see where it open today and the iSwat22 02/16/17 01:39:11 PM
#32024   Awesome call on $TSLA. itchibahn 02/16/17 01:37:54 PM
#32023   Sold TSLA 270p feb17 from yesterday at $3.09 iSwat22 02/16/17 01:19:57 PM
#32022   yes roy i needed that smartone 02/16/17 12:40:28 PM
#32021   smartone. Printed your BABA double. Good royg1927 02/16/17 12:37:50 PM
#32020   OUT BABA 101 put @.77 smartone 02/16/17 12:03:42 PM
#32019   smartone, nice going on your BABA puts. royg1927 02/16/17 11:18:43 AM
#32018   SPX seems to be breaking down from the royg1927 02/16/17 11:14:55 AM
#32017   Looking good. royg1927 02/16/17 10:54:21 AM
#32016   Bot TSLA Feb 17, 275 puts at 1.31 royg1927 02/16/17 10:51:49 AM
#32015   Bot FB Feb 17, 133 puts at .28 royg1927 02/16/17 10:48:43 AM
#32014   Sld FB Feb 17, 133 puts at .37 royg1927 02/16/17 10:31:17 AM
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