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Last Post: 7/23/2021 11:57:14 AM - Followers: 507 - Board type: Free - Posts Today: 13

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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#49058   BTO NVDA 195 C@.99 johny1 07/23/21 11:57:14 AM
#49057   Possible but they have tendency to sell Friday afternoons. Beerworld 07/23/21 11:31:23 AM
#49056   SPY is on a roll now. 440 today? johny1 07/23/21 11:27:21 AM
#49055   STC SPY 437.50 C@.85 Prettt good morning. Wish johny1 07/23/21 10:40:12 AM
#49054   Yea I almost tried NVDA this morning, but johny1 07/23/21 10:16:04 AM
#49053   Damn NVDA I expected 200 but going the Beerworld 07/23/21 10:09:33 AM
#49052   Etrade shows SBUX 125 calls have a higher johny1 07/23/21 10:06:39 AM
#49051   BTO SPY 437.50 C@.62 Also bought some SBUX johny1 07/23/21 09:46:28 AM
#49050   Damn, you called it dead on johny1 07/23/21 09:44:41 AM
#49049   Sold TSLA puts @3.20 Notvas bad as I johny1 07/23/21 09:43:23 AM
#49048   what can I say SNAP +15 Beerworld 07/23/21 09:39:27 AM
#49047   I'm a little surprised its down with everything johny1 07/23/21 08:29:24 AM
#49046   Looks good so far mine up TSLA down Beerworld 07/23/21 08:26:33 AM
#49045   i'll watch but probably see Monday Beerworld 07/22/21 11:10:10 PM
#49044   Do you think we can get in tomorrow lovetoseegreen 07/22/21 10:38:59 PM
#49043   sad to say, correct! Beerworld 07/22/21 10:37:31 PM
#49042   Holy crap!!! SNAP up huge!! lovetoseegreen 07/22/21 10:33:41 PM
#49041   Nice work lovetoseegreen 07/22/21 04:41:53 PM
#49040   a lot of good earnings tonight Beerworld 07/22/21 04:22:50 PM
#49039   Just saw that, and GOOGL and FB are lovetoseegreen 07/22/21 04:19:10 PM
#49038   Hopefully it continues. I just a scam johny1 07/22/21 04:18:08 PM
#49037   now $7 no wonder premiums were so high!! Beerworld 07/22/21 04:12:06 PM
#49036   nice drop on close Beerworld 07/22/21 04:04:06 PM
#49035   TSLA puts still red, but will hold overnight johny1 07/22/21 03:56:22 PM
#49034   BTO TSLA 640 P@3.40 johny1 07/22/21 12:40:55 PM
#49033   Sounds good.. What do you think of lovetoseegreen 07/22/21 12:25:26 PM
#49032   I don't think so, Premium at the money Beerworld 07/22/21 12:24:07 PM
#49031   Let me know what you do if anything. lovetoseegreen 07/22/21 12:15:37 PM
#49030   looking at it Beerworld 07/22/21 12:14:30 PM
#49029   That and MSFT johny1 07/22/21 11:37:05 AM
#49028   I wonder if BEER will load on SNAP? lovetoseegreen 07/22/21 11:30:53 AM
#49027   Not really. I dont know enough about any johny1 07/22/21 11:29:32 AM
#49026   Any of these EARNINGS interest you? lovetoseegreen 07/22/21 11:19:32 AM
#49025   Great work as usual for you. lovetoseegreen 07/22/21 11:08:11 AM
#49024   EARNINGS for before open tomorrow: lovetoseegreen 07/22/21 11:07:34 AM
#49023   EARNINGS for after the bell today: lovetoseegreen 07/22/21 11:06:41 AM
#49022   STC TSLA P@1.38 johny1 07/22/21 10:54:38 AM
#49021   MSFT and Nvda look good. I wonder if, johny1 07/22/21 09:40:30 AM
#49020   BTO TSLA 635 P@1.00 Scalped some NVDA calls johny1 07/22/21 09:39:13 AM
#49019   good job. I left and went to baseball Beerworld 07/21/21 11:30:29 PM
#49018   U killed it yet again, seems to be lovetoseegreen 07/21/21 11:07:27 PM
#49017   STC @.40 johny1 07/21/21 03:04:27 PM
#49016   BTO SPY 434 C@.31 johny1 07/21/21 01:22:41 PM
#49015   STC TSLA 650 P@8.10 johny1 07/21/21 01:01:54 PM
#49014   BTO TSLA 650 P@7.05 johny1 07/21/21 12:36:17 PM
#49013   Sold SPY puts. That was a bad idea LOL johny1 07/21/21 12:18:28 PM
#49012   Nice work! johny1 07/21/21 11:40:15 AM
#49011   sold NVDA for almost a triple. Beerworld 07/21/21 11:24:55 AM
#49010   U nailed NVDA wish I had followed you. lovetoseegreen 07/21/21 11:24:15 AM
#49009   NVDA was looking a little questionable yesterday. They johny1 07/21/21 11:08:24 AM
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