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Created: 03/15/2012 09:39:43 AM - Followers: 513 - 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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#50694
I wonder what kind of bounce we get johny1 09/23/2022 12:08:45 PM
#50693
$SPY Lots of puts going through, various expirations trading.jeff 09/23/2022 09:53:35 AM
#50692
STC SPY P@8.11 +63% johny1 09/22/2022 01:51:20 PM
#50691
This is going way down....not at all good dotnet 09/21/2022 07:34:44 PM
#50690
Still holding puts. I'd like to see about johny1 09/21/2022 05:29:56 PM
#50689
It was the statement raising target rate to 4.40 Beerworld 09/21/2022 02:02:28 PM
#50688
Premiums are high so it will be a Beerworld 09/21/2022 12:44:25 PM
#50687
You might be right. at this point wallstreet dotnet 09/21/2022 11:58:05 AM
#50686
Market is primed to fool everyone except those Beerworld 09/21/2022 11:54:28 AM
#50685
Definitely a ripe opportunity for a surprise. johny1 09/21/2022 11:38:50 AM
#50684
stating the obvious, it depends on the FED. Beerworld 09/21/2022 11:12:40 AM
#50683
Everyone is so bullish this morning. Is the johny1 09/21/2022 10:58:11 AM
#50682
Bought some Oct. 3, SPY 378 Puts. 4.96 johny1 09/20/2022 11:44:01 AM
#50681
Great. farooq 09/19/2022 03:45:33 PM
#50680
I kinda AMZN calls here. Higher lows. johny1 09/16/2022 12:58:38 PM
#50679
I'm thinking about buying some SPY calls. I'm johny1 09/16/2022 12:45:00 PM
#50678
Nice trade, took patience. Looking for a possible Beerworld 09/16/2022 11:48:01 AM
#50677
STC GOOG puts @3.74 +53% Have a good johny1 09/16/2022 09:32:36 AM
#50676
Going to hold one more night. If we johny1 09/15/2022 03:43:45 PM
#50675
Finally making some money johny1 09/15/2022 03:30:25 PM
#50674
I was concerned about your health, did not farooq 09/14/2022 12:18:50 PM
#50673
Bought 9/23 GOOG 105 Puts. $2.43 avg. johny1 09/14/2022 12:03:34 PM
#50672
sorry I went on a couple of long Beerworld 09/07/2022 09:47:24 AM
#50671
Where every one went? farooq 09/07/2022 01:38:38 AM
#50670
Very quite here since last month. farooq 08/15/2022 05:00:41 PM
#50669
Time to buy some SPY puts for the WSB168 07/20/2022 11:16:20 AM
#50668
not today , rising steeply AH Beerworld 07/19/2022 04:10:44 PM
#50667
Anyone playing NFLX earnings? Puts have been money maent 07/19/2022 03:52:52 PM
#50666
I understand. farooq 07/08/2022 10:28:36 AM
#50665
I'm in and out of some of my trading.jeff 07/08/2022 10:26:55 AM
#50664
Well if you are posting for info or farooq 07/07/2022 07:18:29 PM
#50663
Scalped today's $QQQ 280 calls from 1.69 to trading.jeff 07/05/2022 10:44:04 AM
#50662
Earlier this morning, I scalped today's $SPX 3680 trading.jeff 07/05/2022 10:28:44 AM
#50661
Bought SPY 375 puts for tomorrow. Good luck everyone johny1 06/28/2022 02:15:42 PM
#50660
I completely agree with you johny1 06/28/2022 12:00:37 PM
#50659
That is true about shares that don't trade Beerworld 06/28/2022 07:48:54 AM
#50658
Kinda risky ... JLS 06/27/2022 09:43:07 PM
#50657
QQQ options also trade until 4:15 Beerworld 06/23/2022 06:04:29 PM
#50656
I found out when I had a trade johny1 06/22/2022 09:29:44 PM
#50655
Cool. Learned something new! DR. EVIL 06/22/2022 09:24:22 PM
#50654
You can with SPY. For 15 minutes after johny1 06/22/2022 09:05:58 PM
#50653
Since when can you participate in the options DR. EVIL 06/22/2022 08:03:29 PM
#50652
Bought some SPY puts after the close for Friday johny1 06/22/2022 07:44:44 PM
#50651
Iam traveling and will be back. Bot MSFT calls Beerworld 06/21/2022 06:34:42 PM
#50650
Looks like this board is dead! Anyone looking WSB168 06/21/2022 12:24:31 PM
#50649
Another scalp: $SPX today's 4050 puts from 1.15 trading.jeff 06/03/2022 11:21:26 AM
#50648
Scalped $SPX today's 4070 puts from 2.25 to trading.jeff 06/03/2022 10:48:38 AM
#50647
If I may suggest paper trading your system farooq 06/02/2022 10:32:28 AM
#50646
Traveling. Beerworld 05/27/2022 06:29:06 AM
#50645
Scalped today's $IWM 177 puts from 1.56 to trading.jeff 05/20/2022 11:18:27 AM
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