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Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
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Last Post: 5/26/2017 3:45:46 PM - Followers: 419 - 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
#32751   Options Play $LULU bratby 05/26/17 03:45:46 PM
#32750   OUT TSLA 320 Put .51 smartone 05/26/17 12:25:45 PM
#32749   ADD TSLA May 26 2017 320 Put .31 smartone 05/26/17 11:45:49 AM
#32748   BOT TSLA May 26 2017 320 Put .90 smartone 05/26/17 10:52:08 AM
#32747   OUT IWM 137 Put @32 smartone 05/26/17 10:41:15 AM
#32746   today is dead day because of holiday smartone 05/26/17 09:44:01 AM
#32745   Don't know. It keeps shrugging it all off. Beerworld 05/25/17 10:37:57 PM
#32744   Good job because who knows what tomorrow bring dunk23 05/25/17 10:36:34 PM
#32743   sold spy 241 call @ .92 almost a double Beerworld 05/25/17 10:33:57 PM
#32742   FBI son in law news you think it dunk23 05/25/17 09:01:18 PM
#32741   You think this FBI son in law crapwill dunk23 05/25/17 08:59:21 PM
#32740   $AVGO / Broadcom Limited / Options Trade Idea bratby 05/25/17 04:08:39 PM
#32739   bot SPY 241.5 call @ .51 Beerworld 05/25/17 02:29:37 PM
#32738   doubled up on QQQ 141 call @ .37 Beerworld 05/25/17 02:10:21 PM
#32737   Bot QQQ 141 call @ .38 Beerworld 05/25/17 12:53:59 PM
#32736   Roy hasn't been a great month but getting Beerworld 05/25/17 12:40:28 PM
#32735   Super Beer. I'm fighting chemo again today. royg1927 05/25/17 12:33:42 PM
#32734   Pulled 3 sell orders just in time on Beerworld 05/25/17 12:28:52 PM
#32733   smartone, your SPY May 26 240 puts at royg1927 05/25/17 12:26:46 PM
#32732   haha roy never was good at math :) smartone 05/25/17 12:14:13 PM
#32731   smartone, almost 2x? royg1927 05/25/17 12:11:48 PM
#32730   ADD SPY 240 Put @.06 smartone 05/25/17 11:57:38 AM
#32729   OUT TSLA 312.5 Call 3.00 smartone 05/25/17 11:13:37 AM
#32728   sold SPY 240 call @ 1.45 +.79 Beerworld 05/25/17 10:03:22 AM
#32727   BOT TSLA 312.5 Call 1.03 smartone 05/25/17 09:57:30 AM
#32726   bitcoin. crazy.does any one know if there are dotnet 05/24/17 04:23:52 PM
#32725   BOT SPY 240 Put @.30 holding over smartone 05/24/17 04:09:34 PM
#32724   it is today but no time .. smartone 05/24/17 02:46:13 PM
#32723   Is there a time for the CBO? Beerworld 05/24/17 02:45:20 PM
#32722   LOTTO BOT SPY May 24 2017 240 smartone 05/24/17 02:37:26 PM
#32721   OUT SPY May 24 2017 240 Put @.18 smartone 05/24/17 02:12:13 PM
#32720   BOT SPY May 24 2017 240 Put @.17 smartone 05/24/17 10:59:19 AM
#32719   BOT TSLA May 26 2017 305 Put 1.76 smartone 05/24/17 10:44:10 AM
#32718   Sold QQQ 138.5 call @ .99 +.22 late Beerworld 05/24/17 10:40:12 AM
#32717   Oh I don't know about that :) Beerworld 05/23/17 01:07:42 PM
#32716   not very often you guys have conflicting trades... Respect for pennies 05/23/17 12:53:03 PM
#32715   edit sold Spy (friday) 239.50 call @ 1.14 Beerworld 05/23/17 12:30:20 PM
#32714   ADD SPY May 24 239.5 Put @.22 smartone 05/23/17 12:25:49 PM
#32713   bot SPY (wed) 240 call @ .51 Beerworld 05/23/17 12:14:08 PM
#32712   rather than recap. I have stayed long. Presently Beerworld 05/23/17 11:39:39 AM
#32711   OUT TSLA May 26 2017 305 Put 3.00 smartone 05/23/17 11:39:19 AM
#32710   BOT SPY May 24 239.5 Put @.30 smartone 05/23/17 10:42:40 AM
#32709   Bot IWM May 26, 173 puts at .69 royg1927 05/23/17 09:48:24 AM
#32708   BOT TSLA May 26 2017 305 Put smartone 05/23/17 09:35:11 AM
#32707   Open 80% green, 20% red royg1927 05/23/17 09:31:02 AM
#32706   OUT SPY May 24 239 Put @.36 smartone 05/22/17 03:35:46 PM
#32705   edit: Bot QQQ 138.5 call @ .77 Beerworld 05/22/17 02:30:17 PM
#32704   sold aapl 155 call .78 +.22 Beerworld 05/22/17 01:18:14 PM
#32703   BOT SPY May 24 239 Put @.37 smartone 05/22/17 12:59:18 PM
#32702   Sold June TTWO $75s at 1.35 from .60 e_money 05/22/17 12:37:04 PM
PostSubject