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Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
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Last Post: 12/8/2017 2:28:05 PM - Followers: 442 - 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.
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#34028   damn amazon put now 5 bucks smartone 12/08/17 02:28:05 PM
#34027   SOLD TSLA 312.5 PUT @1.10 3X marziali 12/08/17 02:27:29 PM
#34026   BOT TSLA 312.5 PUT #.35 DEC 08,2017 marziali 12/08/17 02:16:11 PM
#34025   OUT AAPL 170.00 Call @21 smartone 12/08/17 01:03:36 PM
#34024   BOT AAPL 170.00 Call @21 smartone 12/08/17 12:44:18 PM
#34023   OUT SPY 265.00 Put @13 smartone 12/08/17 12:29:50 PM
#34022   OUT AMZN 1165.00 Put @1.60 smartone 12/08/17 11:48:30 AM
#34021   BOT SPY 265.00 Put @18 smartone 12/08/17 11:28:03 AM
#34020   BOT AMZN 1165.00 Put @98 smartone 12/08/17 10:21:43 AM
#34019   SP heat map open 80%green 20% red royg1927 12/08/17 09:31:57 AM
#34018   Very nice! ReLoad25 12/07/17 03:42:28 PM
#34017   OUT TSLA 315.00 Put @ 4.35 smartone 12/07/17 03:41:06 PM
#34016   BOT TSLA 315.00 Put @1.95 smartone 12/07/17 12:05:45 PM
#34015   OUT AMZN 1167.50 Call @3.85 smartone 12/07/17 10:55:32 AM
#34014   BOT AMZN 1167.50 Call @2.25 smartone 12/07/17 10:16:56 AM
#34013   Meh....what's 12% when you had a 10 bagger MacFly 12/06/17 04:31:02 PM
#34012   uggg out TSLA 300.00 Put @1.70 smartone 12/06/17 11:48:59 AM
#34011   FYI I am still hold TSLA smartone 12/06/17 10:11:19 AM
#34010   out smarted myself with SPY Call smartone 12/05/17 11:29:36 AM
#34009   OUT SPY Dec 06 2017 264.50 Call @55 smartone 12/05/17 10:39:48 AM
#34008   BOT SPY Dec 06 2017 264.50 Call smartone 12/05/17 10:03:26 AM
#34007   darn had SPY put again for @53 smartone 12/04/17 02:47:05 PM
#34006   Nice!.....for a day that looked like puts were MacFly 12/04/17 01:59:31 PM
#34005   out SPY Dec 06 265.50 Put @83 smartone 12/04/17 12:14:54 PM
#34004   BOT SPY Dec 06 265.50 Put @47 smartone 12/04/17 09:47:50 AM
#34003   SP500 opening heat map 85% green, 15% red. royg1927 12/04/17 09:37:23 AM
#34002   Good job! may I ask how many contract Sylph 12/01/17 01:20:19 PM
#34001   Good job! johny1 12/01/17 12:27:51 PM
#34000   wow.nice catch. dotnet 12/01/17 11:36:37 AM
#33999   SOLD 1/2 AMZN 1167.50 Put @$15.90!!!! smartone 12/01/17 11:34:28 AM
#33998   Stocks fall after report that Michael Flynn was dotnet 12/01/17 11:27:44 AM
#33997   BOT AMZN 1167.50 Put 1.82 smartone 12/01/17 11:17:06 AM
#33996   BOT TSLA Dec 01 2017 W 302.50 Put smartone 12/01/17 09:41:58 AM
#33995   OUT AAPL 170.00 Put @27 smartone 11/30/17 03:49:47 PM
#33994   ADD AAPL 170.00 Put @35 smartone 11/30/17 01:19:59 PM
#33993   Wish I had stayed out yesterday. I bought johny1 11/30/17 11:36:44 AM
#33992   BOT AAPL 170.00 Put @53 smartone 11/30/17 11:26:49 AM
#33991   Long today!!!! Stayed out yesterday except Beerworld 11/30/17 11:05:50 AM
#33990   OUT TSLA 310.00 Call 2.90 smartone 11/30/17 10:41:47 AM
#33989   BTO Dec. 8 BABA 185.00 Calls @1.15 johny1 11/30/17 09:56:46 AM
#33988   BOT TSLA 310.00 Call @1.63 smartone 11/30/17 09:46:13 AM
#33987   SOLD 1/2 $SPY 263.00 Put @70 smartone 11/29/17 12:16:40 PM
#33986   SOLD 1/2 $SPY 263.00 Put @53 smartone 11/29/17 11:34:53 AM
#33985   ADD $ SPY 263.00 Put @18 smartone 11/29/17 10:08:16 AM
#33984   BOT. $ SPY 263.00 Put @22 smartone 11/29/17 09:46:29 AM
#33983   OUT $AAPL 175.00 Call @36 smartone 11/28/17 02:03:19 PM
#33982   BOT $AAPL 175.00 Call @33 smartone 11/28/17 12:23:49 PM
#33981   see that's what i have been saying. going dotnet 11/28/17 12:22:19 PM
#33980   All I can say is staying long has Beerworld 11/28/17 12:14:27 PM
#33979   Beer took your advice to heart .. smartone 11/28/17 12:05:04 PM
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