Home > Boards > Free Zone > Options Only >


RSS Feed
      Hide Sticky   Hide Intro
Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
Search This Board: 
Last Post: 10/14/2019 11:38:54 PM - Followers: 481 - 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.
#41550   The manure is so high now that the gdl 10/14/19 11:38:54 PM
#41549   The correlation between increased temper tantrums and erratic gdl 10/14/19 06:37:41 PM
#41548   This as PHIL the smug dominant guru on gdl 10/14/19 03:12:08 PM
#41547   I will post my bets. We only gdl 10/14/19 02:53:06 PM
#41546   Checked etrade about once an hour. Just over johny1 10/14/19 02:39:05 PM
#41545   A 20% dump? Whoa! Would you mind posting beachcomber1 10/14/19 02:36:47 PM
#41544   NO DEAL! Seems the street is as gdl 10/14/19 02:32:49 PM
#41543   Snoozefest. What's pushing AMZN around the last hour beachcomber1 10/14/19 01:46:14 PM
#41542   BYND 191101C139 Nibbled for a lotto into ERs beachcomber1 10/14/19 10:20:11 AM
#41541   No. It happened when I looking @ the beachcomber1 10/13/19 05:17:18 PM
#41540   As insane as the trump supporters are the gdl 10/12/19 04:23:37 PM
#41539   https://www.youtube.com/watch?v=KRihhTQik2k Old school .... Grew up on this d beachcomber1 10/11/19 10:03:41 PM
#41538   Did you? johny1 10/11/19 08:30:37 PM
#41537   I didnt realize the fed was going to johny1 10/11/19 08:29:51 PM
#41536   Was at the Docs near EOD going .... beachcomber1 10/11/19 06:48:46 PM
#41535   MYSELF! Seems over 3 years and not gdl 10/11/19 04:13:28 PM
#41534   Nope. Never did. I saw AAPL building, so beachcomber1 10/11/19 01:57:53 PM
#41533   Good luck if you do. I dont have johny1 10/11/19 01:10:10 PM
#41532   Considering re-entering puts to hold over. I had beachcomber1 10/11/19 12:46:17 PM
#41531   Good timing johny1 10/11/19 12:43:01 PM
#41530   FORK YA!!! Out all puts. LMAO! All cash currently. beachcomber1 10/11/19 12:34:58 PM
#41529   U.S PENTAGON CONFIRMS LARGE DEPLOYMENT OF TROOPS TO beachcomber1 10/11/19 12:16:15 PM
#41528   I did take some other lottos also. Had beachcomber1 10/11/19 12:15:28 PM
#41527   BOT BIDU 100 P @.60 Oct 11, Lotto marziali 10/11/19 12:08:38 PM
#41526   Scaled out some XLNX SPY IWM PUTS Still beachcomber1 10/11/19 11:59:52 AM
#41525   SPY puts here also Just for fun. beachcomber1 10/11/19 10:33:34 AM
#41524   FB puts here nibbled beachcomber1 10/11/19 10:23:06 AM
#41523   Nibbled cheap QQQ puts No stop beachcomber1 10/11/19 10:00:14 AM
#41522   bot roku 122 call next week for 5.25. dotnet 10/11/19 09:43:50 AM
#41521   so tough for swing trade these days. big dotnet 10/11/19 09:04:39 AM
#41520   Lookslike it could be a crazy day. Have fun Beerworld 10/11/19 07:03:10 AM
#41519   NIO. Lotto shot. In the money 1.00 2022 bobky 10/11/19 02:03:29 AM
#41518   Hey bro .... Don't dwell on a loss. beachcomber1 10/10/19 11:44:20 PM
#41517   Good luck. That would be impressive if you johny1 10/10/19 10:01:25 PM
#41516   Hi Guys, Something very interesting I discovered today. Art 10/10/19 09:12:39 PM
#41515   Thanks. That's what they are giving me. I'm beachcomber1 10/10/19 08:46:57 PM
#41514   Reminder Monday is Columbus Day, so volume may be lighter. beachcomber1 10/10/19 08:35:49 PM
#41513   .50/ contract. It's cheaper than ever to lose johny1 10/10/19 08:13:49 PM
#41512   Sorry guys. I may have instigated this. I beachcomber1 10/10/19 07:56:12 PM
#41511   Again who are you talking to? Beerworld 10/10/19 07:30:22 PM
#41510   Who are you talking to???? Beerworld 10/10/19 07:29:01 PM
#41508   Now that there are no more commissions, may beachcomber1 10/10/19 07:22:16 PM
#41507   POLITICS? gdl 10/10/19 07:21:21 PM
#41506   That's not a bad idea. I do read beachcomber1 10/10/19 07:21:02 PM
#41505   You are looking for a board to journal Art 10/10/19 05:37:58 PM
#41504   Roku price target to $155 from $107. So beachcomber1 10/10/19 04:29:07 PM
#41503   IT GETS BETTER. those 2 associates were gdl 10/10/19 04:20:25 PM
#41502   darn,i was waiting for 15 min Macd(12.26.5) to dotnet 10/10/19 04:15:12 PM
#41501   $ROKU got upgraded in AH Ugh. Wanted back beachcomber1 10/10/19 04:10:23 PM
#41500   holding snap calls o/n. could not take profit dotnet 10/10/19 04:08:11 PM