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Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
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Last Post: 7/25/2017 1:08:14 PM - Followers: 430 - 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
#33143   BOT SPY Jul 26 247 Put @17 smartone 07/25/17 01:08:14 PM
#33142   a little protection Beerworld 07/25/17 12:56:33 PM
#33141   Sld CELG July 28, 138 puts at 3.22 royg1927 07/25/17 12:10:03 PM
#33140   OUT SPY Jul 26 247 Put @25 smartone 07/25/17 11:11:32 AM
#33139   Bot CELG July 28, 138 Puts at 2.40 royg1927 07/25/17 10:56:27 AM
#33138   BOT SPY Jul 26 247 Put @23 smartone 07/25/17 10:32:37 AM
#33137   bot AMZN 1030 call @ 24.50 Beerworld 07/25/17 09:56:40 AM
#33136   Bot AAPL July 28, 150 puts at .46 royg1927 07/24/17 02:00:13 PM
#33135   Bot SPY 246.5 call @ .58 Beerworld 07/24/17 10:05:53 AM
#33134   Bot GS July 28, 220 puts at 2.52 royg1927 07/24/17 09:50:16 AM
#33133   Nice job smatrade 07/23/17 03:14:59 AM
#33132   OUT CMG weekly $350 PUT @ 3.10 from 1.50 Xtrasauc3 07/21/17 12:50:42 PM
#33131   sold AMZN 1025 call @ 10.60 Beerworld 07/20/17 09:35:44 AM
#33130   Bot TSLA July 21, 325 puts at 2.92 royg1927 07/19/17 10:03:04 AM
#33129   bot AMZN 1025 call @ 5.60 Beerworld 07/19/17 09:56:34 AM
#33128   Bot AAPL July 21, 150 puts at .65 royg1927 07/19/17 09:56:09 AM
#33127   BOT GS 220 Put @.77 smartone 07/19/17 09:31:12 AM
#33126   Looking at AAPL tomorrow maybe 150 calls dunk23 07/19/17 06:53:29 AM
#33125   BABA again, it was on fire today and d5wr59mfi8 07/18/17 10:52:37 PM
#33124   What are you looking at tomorrow dunk23 07/18/17 08:29:46 PM
#33123   ADD SPY Jul 19 2017 245 Put smartone 07/18/17 04:04:25 PM
#33122   BOT BABA 157.5 CALL @.32 d5wr59mfi8 07/18/17 03:30:15 PM
#33121   Several nice movers today FB NVDA came Beerworld 07/18/17 12:58:33 PM
#33120   BOT SPY Jul 19 245 Put @.28 smartone 07/18/17 12:36:56 PM
#33119   Agreed, I just played it the wrong way... Xtrasauc3 07/18/17 12:27:42 PM
#33118   NFLX was the play .. 177.50 was $1.00 smartone 07/18/17 12:24:01 PM
#33117   BOT CMG weekly $350 PUT @ 1.50 Xtrasauc3 07/18/17 12:05:19 PM
#33116   bot AMZN 1015 call near open @ 3.75 Beerworld 07/18/17 11:53:17 AM
#33115   SOLD BABA 155 Call .63 +.17, right before d5wr59mfi8 07/18/17 10:53:11 AM
#33114   Oh I've used them for both Scottrade and d5wr59mfi8 07/18/17 09:43:19 AM
#33113   SP500 opening heat map 25% green, 75% red royg1927 07/18/17 09:31:38 AM
#33112   anyone know about his site Profit.ly ? smartone 07/18/17 09:28:05 AM
#33111   Yeah I was thinking about getting a call, d5wr59mfi8 07/17/17 11:52:47 PM
#33110   wow nflx had monster earrings ... smartone 07/17/17 11:20:25 PM
#33109   Good trading to you dunk23 07/17/17 10:10:20 PM
#33108   Buy in the money either way dunk23 07/17/17 10:08:34 PM
#33107   You want to but in the money dunk23 07/17/17 10:07:48 PM
#33106   Your thinking is right on dunk23 07/17/17 10:07:01 PM
#33105   As long as BABA doesn't drop. Picked d5wr59mfi8 07/17/17 09:52:25 PM
#33104   As long as BABA doesn't drop. Picked d5wr59mfi8 07/17/17 09:52:24 PM
#33103   S&p will down tomorrow from the looks things dunk23 07/17/17 09:25:26 PM
#33102   Good call if you held today look at dunk23 07/17/17 09:21:10 PM
#33101   Lotto - IN Jul 21 NFLX $140 PUT Xtrasauc3 07/17/17 03:58:43 PM
#33100   OUT SPY Jul 19 245.5 Put @.53 smartone 07/17/17 03:41:37 PM
#33099   BOT SPY Jul 19 245.5 Put @.37 smartone 07/17/17 01:23:52 PM
#33098   SOLD SPY 247 7/19 Call @.10 d5wr59mfi8 07/17/17 10:37:53 AM
#33097   At this rate 246 call on SPY would've d5wr59mfi8 07/17/17 10:10:45 AM
#33096   BOT SPY 247 7/19 Call @.10 d5wr59mfi8 07/17/17 09:48:19 AM
#33095   It's definitely been an interesting and painful week, d5wr59mfi8 07/14/17 12:59:37 PM
#33094   OUT BOT QQQ 141.5 Put @16 smartone 07/14/17 12:39:12 PM
PostSubject