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Last Post: 1/19/2018 1:45:32 PM - Followers: 443 - 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.
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PostSubject
#34242   oUT iWM 157.50 Put @12 smartone 01/19/18 01:45:32 PM
#34241   ADD iWM 157.50 Put @14 smartone 01/19/18 12:12:01 PM
#34240   BOT IWM 157.50 Put @17 smartone 01/19/18 11:53:07 AM
#34239   wow OSTK down 6% damn I really did smartone 01/18/18 03:57:59 PM
#34238   OUT AAPL 180.00 Put @1.20 smartone 01/18/18 03:40:47 PM
#34237   BOT AAPL 180.00 Put @68 smartone 01/18/18 02:41:59 PM
#34236   I did stupid the other way. Had FB Beerworld 01/18/18 12:40:02 PM
#34235   OUT FB 177.50 Put @42 smartone 01/18/18 12:29:51 PM
#34234   BOT FB 177.50 Put @60 smartone 01/18/18 11:25:23 AM
#34233   OUT AAPL 177.50 Put @49 smartone 01/18/18 10:34:36 AM
#34232   BOT AAPL 177.50 Put @34 smartone 01/18/18 10:10:10 AM
#34231   Sold UGAZ. nat gas reached my target. Beerworld 01/17/18 02:56:42 PM
#34230   OUT SPY Jan 17 279.50 Put @14 smartone 01/17/18 02:51:26 PM
#34229   BOT SPY Jan 17 279.50 Put @16 smartone 01/17/18 02:42:10 PM
#34228   OUT AAPL 177.50 Call @1.12 smartone 01/17/18 01:49:06 PM
#34227   market doesn't care about any of that smartone 01/17/18 01:35:43 PM
#34226   Apple plans to add $350B to US economy, Beerworld 01/17/18 01:24:03 PM
#34225   I think $350 bn in US, 20K new Beerworld 01/17/18 01:20:33 PM
#34224   what investment announcement ? smartone 01/17/18 01:16:28 PM
#34223   nice timing. Investment announcement. Beerworld 01/17/18 01:05:18 PM
#34222   ADD AAPL 177.50 Call @28 smartone 01/17/18 12:00:57 PM
#34221   BOT AAPL 177.50 Call @35 smartone 01/17/18 11:17:23 AM
#34220   BOT SPY Jan 17 2018 277.50 Put smartone 01/17/18 09:35:24 AM
#34219   Last hour, doesn't feel like we bounce... Wishthiswasmyjob 01/16/18 03:02:33 PM
#34218   OUT TSLA 332.50 Put @2.22 smartone 01/16/18 02:35:04 PM
#34217   BOT TSLA 332.50 Put @1.41 smartone 01/16/18 11:58:55 AM
#34216   OUT SPY Jan 17 279.00 Put @98 smartone 01/16/18 11:05:25 AM
#34215   BOT SPY Jan 17 279.00 Put @37 smartone 01/16/18 10:06:55 AM
#34214   think we are headed toward accelerating final blow smartone 01/16/18 08:17:27 AM
#34213   We once again broke decisively above resistance. I gdl 01/12/18 01:30:47 PM
#34212   out SPY 277.50 Put @27 smartone 01/12/18 01:00:37 PM
#34211   BOT SPY 277.50 Put @21 smartone 01/12/18 12:31:15 PM
#34210   SPY is strong Airline stocks are all smartone 01/12/18 12:04:50 PM
#34209   Buying some cheap puts here Wishthiswasmyjob 01/12/18 12:04:17 PM
#34208   Joined you FB bot 1.70 out Beerworld 01/12/18 11:58:01 AM
#34207   OUT FB 180.00 Call @. 112 smartone 01/12/18 11:22:55 AM
#34206   BOT FB 180.00 Call @. 92 smartone 01/12/18 10:42:50 AM
#34205   OUT Jan 12 2018 W 180.00 Call @1.42 smartone 01/12/18 09:47:25 AM
#34204   BoT FB Jan 12 2018 W 180.00 Call smartone 01/12/18 09:30:39 AM
#34203   We are approaching the next momentum ceiling. SPX gdl 01/11/18 08:04:53 PM
#34202   Nice call. MacFly 01/11/18 04:56:22 PM
#34201   I got out AAPL 175.00 Put @40 smartone 01/11/18 04:11:55 PM
#34200   BOT AAPL 175.00 Put @44 smartone 01/11/18 11:46:19 AM
#34199   Expecting bigger move have straddled Spy 275 Beerworld 01/11/18 11:40:02 AM
#34198   OUT BABA 190.00 Call @98 smartone 01/11/18 11:32:22 AM
#34197   BOT BABA 190.00 Call @76 smartone 01/11/18 11:08:18 AM
#34196   OUT NFLX 215.00 Put @100 smartone 01/11/18 10:45:54 AM
#34195   BOT NFLX 215.00 Put @96 smartone 01/11/18 10:24:11 AM
#34194   OUT BABA 187.50 Put @63 smartone 01/11/18 10:07:43 AM
#34193   BOT AAPL 175.00 Put @53 smartone 01/11/18 09:37:37 AM
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