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Last Post: 10/19/2018 2:58:31 PM - Followers: 460 - Board type: Free - Posts Today: 3

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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#36078   I did that twice today. beachcomber1 10/19/18 02:58:31 PM
#36077   BTO SPY OCT.19 275.50 P@.51 Calls went to johny1 10/19/18 02:16:59 PM
#36076   BTO SPY OCT.19 279 C@.38 johny1 10/19/18 11:25:41 AM
#36075   SPY 181029P277 :-D beachcomber1 10/18/18 02:27:59 PM
#36074   worst. had given up and had a spy dotnet 10/18/18 02:19:49 PM
#36073   So? How did we do the couple of days? beachcomber1 10/17/18 07:37:33 PM
#36072   bot back MSFT calls Beerworld 10/16/18 12:21:26 PM
#36071   I stopped out twice on SPY calls this beachcomber1 10/16/18 12:06:59 PM
#36070   Well that's a fine mess you got yourself into.... Beerworld 10/16/18 12:02:22 PM
#36069   Flipped some 277 and 278 spy calls in johny1 10/16/18 10:18:06 AM
#36068   Sloppy trade, but I'll take it beachcomber1 10/15/18 02:57:26 PM
#36067   STC SPY 181017C277 @ 163 + 20 beachcomber1 10/15/18 02:56:10 PM
#36066   well well well.... dotnet 10/15/18 02:53:49 PM
#36065   Cheers johny. Nice trades, btw beachcomber1 10/15/18 02:35:07 PM
#36064   Good luck on the 276 calls. I just johny1 10/15/18 02:33:38 PM
#36063   I'm not diggin' this break below 276 here. beachcomber1 10/15/18 02:32:02 PM
#36062   it will be juicy if they take to dotnet 10/15/18 02:24:50 PM
#36061   SPY 181017C277 added 1.43 average Only 3 total beachcomber1 10/15/18 02:13:31 PM
#36060   I think they want to hold SPY 276 today beachcomber1 10/15/18 02:10:55 PM
#36059   Thanks, Needed that. Trying to go out 'til beachcomber1 10/15/18 02:05:42 PM
#36058   Nice one! johny1 10/15/18 01:57:46 PM
#36057   STC SPY 181015C275.5 @ 1.19 + 51 beachcomber1 10/15/18 01:07:39 PM
#36056   BTO SPY SPY 181015C275.5 @ .68 Sorry beachcomber1 10/15/18 12:06:58 PM
#36055   yes.totally agree. i have options house which e-trade dotnet 10/15/18 11:52:56 AM
#36054   To buy contracts you select Buy Open. When johny1 10/15/18 11:48:07 AM
#36053   question. in e-trade mobile platform i do not dotnet 10/15/18 11:39:51 AM
#36052   STC SPY 276 C@.82 +12% johny1 10/15/18 11:18:02 AM
#36051   interesting article on sell off. we need lot dotnet 10/15/18 11:15:00 AM
#36050   STC SPY 181015P275 -53 beachcomber1 10/15/18 11:13:39 AM
#36049   They never caught traction. Added & splat. Everyone beachcomber1 10/15/18 11:08:23 AM
#36048   I was wondering how those were going for johny1 10/15/18 11:04:20 AM
#36047   BTO SPY OCT.15 276 C@.73 johny1 10/15/18 11:02:31 AM
#36046   Yes sir. SPY 181015P275 from Friday underwater. About beachcomber1 10/15/18 11:00:57 AM
#36045   This morning I had a grim reminder of johny1 10/15/18 10:58:11 AM
#36044   STC SPY 275 P @.92 +10% johny1 10/15/18 10:46:59 AM
#36043   BTO SPY OCT.15 275.00 P@.83 johny1 10/15/18 10:37:56 AM
#36042   STC SPY 274.50 P@1.14 +14% johny1 10/15/18 10:22:43 AM
#36041   BTO SPY OCT.15 274.50 P@1.00 Down down down johny1 10/15/18 10:14:45 AM
#36040   STC SPY OCT.15 275.00 P@1.35 +22% johny1 10/15/18 10:08:33 AM
#36039   STC SPY OCT.15 277.00 C@.35 Way off on johny1 10/15/18 10:04:34 AM
#36038   BTO SPY OCT.15 275.00 P@1.10 johny1 10/15/18 10:01:48 AM
#36037   I hate mondays. 2 days of no trading johny1 10/15/18 09:49:39 AM
#36036   I kept my calls. Now you've got me johny1 10/12/18 04:57:59 PM
#36035   I've only been trading like this for about johny1 10/12/18 04:47:23 PM
#36034   Near EOD I grabbed SPY 181015P275 My goal beachcomber1 10/12/18 04:35:14 PM
#36033   Don't dwell on hindsight bud. I could post beachcomber1 10/12/18 04:29:53 PM
#36032   they add up quickly.not sure when you started dotnet 10/12/18 04:07:02 PM
#36031   Those big gains are great, but I've had johny1 10/12/18 04:05:08 PM
#36030   wtf. look at that spy.touched 277 and in dotnet 10/12/18 04:03:15 PM
#36029   Ahhhhhh damnit so close LoL johny1 10/12/18 04:01:56 PM
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