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Last Post: 2/24/2021 6:57:12 PM - Followers: 502 - 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
#46548   monster spy calls today jxyzobrien 02/24/21 06:57:12 PM
#46547   Edit: yep they're fed for the day. They johny1 02/24/21 01:17:20 PM
#46546   cows fed? Beerworld 02/24/21 01:17:12 PM
#46545   BTO SPY 391 C@.51 johny1 02/24/21 01:12:12 PM
#46544   internals magnificent jxyzobrien 02/24/21 12:35:28 PM
#46543   Yeah had the feeling I was Beerworld 02/24/21 12:27:19 PM
#46542   es 3910 vpoc jxyzobrien 02/24/21 12:08:40 PM
#46541   they gotta eat!!! Beerworld 02/24/21 11:30:40 AM
#46540   I'm taking a little break. I'll start making johny1 02/24/21 11:28:15 AM
#46539   And theres 390 almost. Geez johny1 02/24/21 11:27:05 AM
#46538   target achieved be nimble jxyzobrien 02/24/21 11:25:56 AM
#46537   target achieved be nimble jxyzobrien 02/24/21 11:25:31 AM
#46536   normal market behavior jxyzobrien 02/24/21 11:11:42 AM
#46535   STC MSFT 235 C@.80 +14% STC TSLA 720 johny1 02/24/21 11:08:53 AM
#46534   What a difference a day makes. STC SPY johny1 02/24/21 11:05:11 AM
#46533   rally time jxyzobrien 02/24/21 11:01:50 AM
#46532   edit: and there it is 388.5 Beerworld 02/24/21 10:50:34 AM
#46531   BTO MSFT 235 C@.70 johny1 02/24/21 10:50:22 AM
#46530   BTO SPY 388 C@1.00 Think it can hit 390? johny1 02/24/21 10:48:23 AM
#46529   long SPY 389 friday calls @ avg 1.34 Beerworld 02/24/21 10:40:26 AM
#46528   STC SPY 390 C@.25 +25% Well how about johny1 02/24/21 10:37:45 AM
#46527   Pffft nevermind LOL. johny1 02/24/21 10:03:13 AM
#46526   BTO TSLA 720 C@17.50 johny1 02/24/21 09:51:08 AM
#46525   BTO SPY 390 C@.20 johny1 02/24/21 09:49:48 AM
#46524   sold SNAP Beerworld 02/24/21 09:41:44 AM
#46523   I missed that. Thatll do it. Just sitting johny1 02/24/21 09:35:16 AM
#46522   Interest rates rose above 1.4% on 10 year. Beerworld 02/24/21 09:18:56 AM
#46521   Maybe I'll break even on TSLA instead. Not johny1 02/24/21 08:57:47 AM
#46520   My TSLA calls should do well this morning. johny1 02/24/21 08:16:13 AM
#46519   I brought back the STO on mine. Helped johny1 02/23/21 03:33:09 PM
#46518   I am selling early all day. i need Beerworld 02/23/21 03:23:07 PM
#46517   STC SPY 386 C@1.90 +27% johny1 02/23/21 02:58:50 PM
#46516   BTO SPY 386 C @1.57 johny1 02/23/21 02:20:34 PM
#46515   STC SPY 384 C@1.85 +15% Back on track johny1 02/23/21 12:56:48 PM
#46514   BTO SPY 384 C@1.60 johny1 02/23/21 12:45:58 PM
#46513   STC AAPL 123 C@1.69 this is not the way johny1 02/23/21 12:04:34 PM
#46512   BTO AAPL 123 C@2.05 johny1 02/23/21 11:34:52 AM
#46511   AMZN doesnt look to bad on the daily. johny1 02/23/21 11:09:56 AM
#46510   That's what I hear. Just need more big johny1 02/23/21 11:02:49 AM
#46509   My parents taught me to give 110%. I johny1 02/23/21 10:50:57 AM
#46508   BTC is a supply vs demand thing. The Beerworld 02/23/21 10:48:54 AM
#46507   I think itll continue rising too. A few johny1 02/23/21 10:46:42 AM
#46506   The BTC surely makes valuing the company harder. Beerworld 02/23/21 10:35:33 AM
#46505   I've been wondering if linking TSLA profits to johny1 02/23/21 10:24:33 AM
#46504   did TSLA as well, out now Beerworld 02/23/21 10:14:46 AM
#46503   BTO TSLA 700 C @11.85 Might see johny1 02/23/21 10:10:44 AM
#46502   STC TSLA 650 @30.00 +25% johny1 02/23/21 10:07:04 AM
#46501   BTO TSLA 650 C@24.00 johny1 02/23/21 09:53:48 AM
#46500   Got my 750 and a lot more. Maybe johny1 02/22/21 05:43:33 PM
#46499   BTO MSFT 240.00 C@.83 johny1 02/22/21 01:25:03 PM
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