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Last Post: 8/17/2017 1:15:09 PM - Followers: 435 - Board type: Free - Posts Today: 17

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
#33324   I lost 4K last week so no gains hurt. d5wr59mfi8 08/17/17 01:15:09 PM
#33323   Well that's not too bad. I've lost wayyyyyy johny1 08/17/17 01:12:58 PM
#33322   Yeah mine either. I sold my sept d5wr59mfi8 08/17/17 01:03:40 PM
#33321   SPY is having a meltdown. Didn't expect my johny1 08/17/17 01:01:09 PM
#33320   Sld TSLA Aug 18, 350 puts at 1.73 royg1927 08/17/17 10:37:27 AM
#33319   Sld IWM Aug 18, 137 puts at 1.04 royg1927 08/17/17 10:35:38 AM
#33318   Sld AAPL Aug 18, 160 puts at 1.54 royg1927 08/17/17 10:33:32 AM
#33317   Bot TSLA Aug 18, 350 puts at .86 royg1927 08/17/17 10:20:37 AM
#33316   Nothing wrong with a 25% gain. johny1 08/17/17 10:16:20 AM
#33315   Bot IWM Aug 18, 137 puts at .34 royg1927 08/17/17 10:15:42 AM
#33314   Nice Roy. Looks that could be a multibagger johny1 08/17/17 10:12:04 AM
#33313   I bought too early 246.5 for .66 and d5wr59mfi8 08/17/17 10:10:52 AM
#33312   Bot AAPL Aug 18, 160 puts at .76 royg1927 08/17/17 10:05:10 AM
#33311   Thanks. Every now and then I get it right. johny1 08/17/17 10:03:11 AM
#33310   STC SPY Aug. 18 246.00 Puts @.50 johny1 08/17/17 10:01:58 AM
#33309   Nice timing d5wr59mfi8 08/17/17 09:58:56 AM
#33308   BTO SPY Aug. 18 246.00 Puts @.36 johny1 08/17/17 09:52:45 AM
#33307   Sld BAC Aug 18, 24 puts at .24 royg1927 08/16/17 02:43:52 PM
#33306   Bot BAC Aug 18, 24 puts at .18 royg1927 08/16/17 02:29:01 PM
#33305   If you meant Portland Oregon should have stayed Beerworld 08/16/17 01:45:57 PM
#33304   Beer, Hi. royg1927 08/16/17 01:43:51 PM
#33303   Hi Roy just checking but the latest trades Beerworld 08/16/17 01:28:43 PM
#33302   Sld SPY Aug 25, 247 puts at .17 royg1927 08/16/17 01:11:17 PM
#33301   Bot SPY Aug 25, 247 puts at .08 royg1927 08/16/17 01:08:07 PM
#33300   Stopped out of SPY Aug 25, 247 puts royg1927 08/16/17 12:40:50 PM
#33299   Thanks. 160, yes. royg1927 08/16/17 12:35:21 PM
#33298   He meant 160 d5wr59mfi8 08/16/17 11:44:17 AM
#33297   150? Thats bold johny1 08/16/17 11:37:48 AM
#33296   Bot AAPL Aug 25, 150 puts at 1.14 royg1927 08/16/17 11:28:57 AM
#33295   Bot SPY AUG 25, 247 puts at .14 royg1927 08/16/17 11:24:54 AM
#33294   Stopped out of AAPL Aug 25, 160 puts royg1927 08/16/17 11:14:59 AM
#33293   IN FB A 172.5 CALLS @.35 marziali 08/16/17 10:21:20 AM
#33292   smartone, SPY 246 puts. Now what? royg1927 08/16/17 09:57:53 AM
#33291   BTO SPY Aug. 16 247.50 Calls @.13 johny1 08/16/17 09:56:56 AM
#33290   Bot AAPL Aug 25, 160 puts at 1.32 royg1927 08/16/17 09:53:14 AM
#33289   STC SPY Aug. 16 247.00 Puts @.36 johny1 08/16/17 09:48:24 AM
#33288   BTO SPY Aug. 16 247.00 Puts @.29 johny1 08/16/17 09:43:54 AM
#33287   I think SPY might hit 250.00 this week johny1 08/15/17 03:09:58 PM
#33286   246.20ish had been a decent area of support johny1 08/15/17 11:55:36 AM
#33285   STC SPY Aug. 16 245.50 Puts @.40 johny1 08/15/17 10:34:09 AM
#33284   Here we go johny1 08/15/17 10:10:51 AM
#33283   still holding SPY 246 puts under water smartone 08/15/17 09:53:39 AM
#33282   BTO SPY Aug. 16 Puts @.28 johny1 08/15/17 09:47:06 AM
#33281   STC AAPL 160.00 WP @1.15 johny1 08/15/17 09:36:05 AM
#33280   BTO AAPL 160.00 WP @1.00 johny1 08/15/17 09:34:53 AM
#33279   ADD SPY 246 Aug 16th put @.46 smartone 08/14/17 02:08:36 PM
#33278   STC AAPL 160 weekly calls @1.45 johny1 08/14/17 01:35:24 PM
#33277   BOT SPY 246 Aug 16th put @.53 smartone 08/14/17 11:04:09 AM
#33276   BTO AAPL Aug. 18 160.00 Calls @1.14 johny1 08/14/17 09:44:35 AM
#33275   Do you ever read pretzelcharts.com? I've been following johny1 08/11/17 05:55:26 PM
PostSubject