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Last Post: 4/27/2017 3:51:42 PM - Followers: 422 - 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
#32552   OUT FB 147 Put @.45 smartone 04/27/17 03:51:41 PM
#32551   BOT FB 147 Put @.50 smartone 04/27/17 02:25:20 PM
#32550   sold QQQ 135 calls and bot 135.50 call Beerworld 04/27/17 01:53:19 PM
#32549   OUT SPY(238.5 Call @65 smartone 04/27/17 01:35:23 PM
#32548   Spy 15 min just turned strongly up!! Had Beerworld 04/27/17 12:58:19 PM
#32547   BOT SPY(238.5 Call @31 smartone 04/27/17 12:02:46 PM
#32546   Can $AAPL really sell off over 4% into bratby 04/27/17 11:46:25 AM
#32545   OUT FB 146 Put @.27 smartone 04/27/17 11:36:38 AM
#32544   BOT FB 146 Put @.30 smartone 04/27/17 10:44:37 AM
#32543   How to make an-even money bet GOOGL moves bratby 04/27/17 03:38:22 AM
#32542   bot QQQ 135 call @ .64 Beerworld 04/26/17 11:05:42 AM
#32541   OUT AAPL 143 Put @.33 smartone 04/26/17 10:56:05 AM
#32540   I think it safer if you just move dunk23 04/26/17 10:44:59 AM
#32539   Just email me and we will talk seale23@gmail.com dunk23 04/26/17 10:41:24 AM
#32538   Bot AAPL April 28, 144 puts at four royg1927 04/26/17 10:21:53 AM
#32537   Chemo again today. I'll try to squeeze royg1927 04/26/17 10:13:58 AM
#32536   I hear yeah, I'm just not confident enough Respect for pennies 04/26/17 09:56:21 AM
#32535   Other just post where they buy and dunk23 04/25/17 05:36:37 PM
#32534   What have you got to lose there no dunk23 04/25/17 05:34:26 PM
#32533   You can do it right entry and patience dunk23 04/25/17 05:33:21 PM
#32532   ADD Apr 26 238 Put @.19 smartone 04/25/17 02:54:30 PM
#32531   Chemo rest of today. royg1927 04/25/17 02:25:55 PM
#32530   all indicators mentioned here turned up at 1pm Respect for pennies 04/25/17 02:19:13 PM
#32529   you really don't want my help, I promise. Respect for pennies 04/25/17 01:48:21 PM
#32528   BTO $AAPL 28APR 144 Call @ 1.12 itchibahn 04/25/17 01:27:09 PM
#32527   We can help each other dunk23 04/25/17 12:43:23 PM
#32526   Seale23@gmail.com when you are done for today dunk23 04/25/17 12:42:05 PM
#32525   2 pm we should know dunk23 04/25/17 12:39:40 PM
#32524   Overnight is risky dunk23 04/25/17 12:38:45 PM
#32523   sideways just burning premium on our puts. Might Respect for pennies 04/25/17 12:37:57 PM
#32522   Turning I'm hope dunk23 04/25/17 12:36:11 PM
#32521   Me too thanks for your response dunk23 04/25/17 12:33:38 PM
#32520   both. Looks like it wants to do something Respect for pennies 04/25/17 12:28:55 PM
#32519   You still in those puts 143s me too dunk23 04/25/17 12:11:15 PM
#32518   Sorry that wasn't for me right dunk23 04/25/17 12:09:42 PM
#32517   Yes dunk23 04/25/17 12:08:35 PM
#32516   did you get stopped out? Respect for pennies 04/25/17 12:02:55 PM
#32515   BOT SPY Apr 26 238 Put @.26 smartone 04/25/17 11:58:04 AM
#32514   You think apple getting top heavy dunk23 04/25/17 11:54:32 AM
#32513   OUT TSLA 302.5 Put 1.73 smartone 04/25/17 10:26:11 AM
#32512   ADD AAPL 143 put @ .37 smartone 04/25/17 09:56:39 AM
#32511   BOT TSLA 302.5 Put 1.41 smartone 04/25/17 09:37:38 AM
#32510   Stopped out @.27. My first trade in few itchibahn 04/25/17 09:10:22 AM
#32509   Holding over nite or out at day end dunk23 04/24/17 03:17:01 PM
#32508   What your think on 143 puts aapl dunk23 04/24/17 03:15:48 PM
#32507   bot AAPL 143 put @ .54 smartone 04/24/17 02:38:50 PM
#32506   OUT SPY April 26 236 put @ .31 smartone 04/24/17 02:01:36 PM
#32505   ADD SPY April 26 236 put @ .28 smartone 04/24/17 01:53:37 PM
#32504   BTO $SPY 26Apr 236 Puts @ .32 itchibahn 04/24/17 12:15:18 PM
#32503   BOT SPY April 26 236 put @ .34 smartone 04/24/17 10:35:36 AM
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