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Last Post: 3/22/2017 12:18:44 PM - Followers: 412 - 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
#32284   BOT AAPL Mar 24, 141 puts at .66 royg1927 03/22/17 12:18:44 PM
#32283   BOT GS Mar 24, 230 puts at 1.74 royg1927 03/22/17 11:33:52 AM
#32282   SLD TSLA Mar 24, 250 puts at 1.88 royg1927 03/22/17 10:39:56 AM
#32281   OUT SPY Mar 22 233.5 Put @.62 smartone 03/22/17 10:37:36 AM
#32280   Sears SHLD going under? They said today royg1927 03/22/17 10:19:33 AM
#32279   BOT TSLA Mar 24, 250 puts at 1.90 royg1927 03/22/17 09:59:42 AM
#32278   BOT SPY Mar 22 233.5 Put @.33 smartone 03/22/17 09:53:55 AM
#32277   Dunno today. royg1927 03/22/17 09:52:51 AM
#32276   SLD FB Mar 24, 141 calls at .39 royg1927 03/21/17 01:03:06 PM
#32275   SLD IWM Mar 24, 136 calls at .45 royg1927 03/21/17 01:02:01 PM
#32274   SLD TSLA Mar 24, 260 calls at 1.20 royg1927 03/21/17 01:00:36 PM
#32273   Out for an hour. royg1927 03/21/17 12:54:20 PM
#32272   BOT IWM Mar 24, 136 calls at .48 royg1927 03/21/17 12:07:49 PM
#32271   Bot FB Mar 24, 1.41 calls at .36 royg1927 03/21/17 12:04:07 PM
#32270   BOT TSLA Mar 24, 260 calls at 1.20 royg1927 03/21/17 12:00:37 PM
#32269   Sld TSLA Mar 24, 255 puts at 4.56 royg1927 03/21/17 11:52:14 AM
#32268   Sld IWM Mar 24, 137 puts at 2.85 royg1927 03/21/17 11:47:53 AM
#32267   Sld FB Mar 24, 1541 puts at 1.60 royg1927 03/21/17 11:45:17 AM
#32266   Sld GS Mar 24, 240 puts at 5.10 royg1927 03/21/17 11:24:34 AM
#32265   Sld SPY Mar 24, 237 puts at 1.35 royg1927 03/21/17 10:49:04 AM
#32264   SPX dive this morning has made a pretty royg1927 03/21/17 10:44:49 AM
#32263   TSLA Mar 24, 255 puts bought Mar 20 royg1927 03/21/17 10:23:52 AM
#32262   Correction: Bot GS 250 puts should be royg1927 03/21/17 10:18:13 AM
#32261   Bot FB Mar 24, 141 puts at .36 royg1927 03/21/17 10:11:47 AM
#32260   Bot GS Mar 24, 250 puts at 1.01 royg1927 03/21/17 09:54:37 AM
#32259   Bot SPY Mar 23, 237 puts at .50 royg1927 03/21/17 09:45:53 AM
#32258   Sold 106 NVDA Mar 31 106 Puts for Plegee 03/20/17 08:27:17 PM
#32257   Sld GS Mar 24, 240 puts at 1.25 royg1927 03/20/17 03:26:00 PM
#32256   Day. Saldo 03/20/17 02:22:46 PM
#32255   Bot GS Mar 24, 240 puts at .74 royg1927 03/20/17 11:33:54 AM
#32254   roy's setup is in intro of this board. dotnet 03/20/17 10:47:34 AM
#32253   Bot TSLA Mar 24, 255 puts at 1.73 royg1927 03/20/17 10:10:03 AM
#32252   No consistency? Me too! Was gambling. itchibahn 03/20/17 09:45:32 AM
#32251   Bot IWM Mar 25, 137 puts at .62 royg1927 03/20/17 09:45:15 AM
#32250   Are you day trading or swing trading? 50Shades OfGrey Hair 03/18/17 10:34:07 AM
#32249   Same here. Just not getting anywhere. No consistency. TIA. Saldo 03/18/17 09:57:58 AM
#32248   Hi roy, I'm also interested in your technique. 50Shades OfGrey Hair 03/18/17 01:30:26 AM
#32247   And Happy St. Patricks Day... All 20 mins BuckeyeMike 03/17/17 11:41:02 PM
#32246   Guys, Where's the best link for finding largest BuckeyeMike 03/17/17 11:40:19 PM
#32245   Sld CAT Mar 17, 93 puts at .05 royg1927 03/17/17 04:25:17 PM
#32244   Right, thanks royg1927 03/17/17 04:06:46 PM
#32243   Thank you, you can also email me [email protected] Thanks!! Alba89 03/17/17 04:04:15 PM
#32242   Hey Alba, Thanks for your post. royg1927 03/17/17 04:03:38 PM
#32241   Sld SPY Mar 17, 238 puts at .83 royg1927 03/17/17 03:57:02 PM
#32240   Sld AAPL Mar 17, 139 puts at .01 royg1927 03/17/17 03:55:32 PM
#32239   Well done Roy, wanted to ask what's your Alba89 03/17/17 02:23:28 PM
#32238   SLD GS Mar 17, 250 puts at 5.35 royg1927 03/17/17 12:17:48 PM
#32237   bot QQQ 131.5 call @ .57 Beerworld 03/16/17 10:50:41 AM
#32236   Bot SPY Mar 17, 238 puts at .54 royg1927 03/16/17 10:47:22 AM
#32235   Bot GS Mar 17, 250 puts at 1.56 royg1927 03/16/17 10:46:33 AM
PostSubject