Digipath
CHM Cannabis
Home > Boards > Free Zone > Options Only >

OPTIONS TRADERS CO-OP

RSS Feed
      Hide Sticky   Hide Intro
Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
Search This Board: 
Last Post: 12/13/2018 10:06:21 AM - Followers: 464 - Board type: Free - Posts Today: 7

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.
Digipath
CHM Cannabis
PlusOneCoin Top Posts
No plusone'd posts yet. Be the first!
PostSubject
#37054   Bot them back @ .70 Beerworld 12/13/18 10:06:21 AM
#37053   BTO SPY DEC.14 265 P@1.47 johny1 12/13/18 09:59:50 AM
#37052   STC SPY 267 @1.25 johny1 12/13/18 09:57:17 AM
#37051   Opened as expected. the weakest 4 day rally gdl 12/13/18 09:53:28 AM
#37050   BTO SPY DEC.14 267 C@1.52 johny1 12/13/18 09:49:39 AM
#37049   Bot MSFT 110 call @ .63 sold 1.01 Beerworld 12/13/18 09:49:07 AM
#37048   Haha I wish. I ran put of posts. johny1 12/13/18 02:24:16 AM
#37047   Why would you hold in a presumed top, gdl 12/12/18 08:15:44 PM
#37046   I have spread which has some time, I farooq 12/12/18 04:57:59 PM
#37045   I certainly see that possibility. I also know gdl 12/12/18 04:45:04 PM
#37044   Bigger upside move will come tomorrow we will farooq 12/12/18 04:34:07 PM
#37043   Reason for loading up for potential BIG move. gdl 12/12/18 04:21:48 PM
#37042   You are going to milk it the very beachcomber1 12/12/18 04:02:43 PM
#37041   Add SPY 100 262 Puts expiring 14th at .56 gdl 12/12/18 03:50:47 PM
#37040   STC NFLX 181214P280 @ 6.65 beachcomber1 12/12/18 02:43:44 PM
#37039   Bought 200 SPY 258 Puts expiring 19th @ .80 gdl 12/12/18 02:38:06 PM
#37038   Test of 266 ? beachcomber1 12/12/18 02:11:30 PM
#37037   are we going to gap down in the morning? wavexrider 12/12/18 02:03:34 PM
#37036   Yep. Fading NFLX NFLX 181214P280 @ 4.45 Not beachcomber1 12/12/18 01:50:03 PM
#37035   BTO SPY DEC.12 268 P@.50 johny1 12/12/18 01:38:10 PM
#37034   It's like trading SPY without the premiums. It Beerworld 12/12/18 01:30:04 PM
#37033   you still seeing MSFT hitting 112 this week? wavexrider 12/12/18 01:26:27 PM
#37032   MSFT looking tired ,market nears HOD and MSFT Beerworld 12/12/18 01:09:13 PM
#37031   STC SPY 269 C@.70 +37% Profit secured EzPz johny1 12/12/18 12:59:13 PM
#37030   Will be placing PUTS on SPY at end gdl 12/12/18 12:53:09 PM
#37029   BTO SPY DEC.12 269 C@.51 johny1 12/12/18 12:30:23 PM
#37028   Wish I could play this here but I gdl 12/12/18 11:38:47 AM
#37027   STC SPY 268.50 C@.92 +27% Might go higher johny1 12/12/18 11:03:36 AM
#37026   Yea I know. The orange guy scares me johny1 12/12/18 10:52:43 AM
#37025   STC 266 P@.60 I misread it. BTO SPY johny1 12/12/18 10:50:54 AM
#37024   I think likely 268 at least first. Beerworld 12/12/18 10:50:34 AM
#37023   BTO SPY DEC.12 266 P@.78 johny1 12/12/18 10:44:52 AM
#37022   Just wait the tweetaholic will give the next Beerworld 12/12/18 10:43:25 AM
#37021   Unless theres a small miracle right here I johny1 12/12/18 10:42:27 AM
#37020   Cool, I'll check that out later today when johny1 12/12/18 10:39:54 AM
#37019   Good luck man. Things looking a little iffy johny1 12/12/18 10:38:45 AM
#37018   yes.I follow tom bowley blog on stock charts dotnet 12/12/18 10:29:06 AM
#37017   STC 267 P@.95 johny1 12/12/18 10:28:49 AM
#37016   Trading MSFT calls, two different positions (111&112) Beerworld 12/12/18 10:26:43 AM
#37015   BTO SPY DEC.12 267 P@.84 johny1 12/12/18 10:26:35 AM
#37014   anything good today? I don't really want to wavexrider 12/12/18 10:24:25 AM
#37013   Because of unpredictability or high volatility and whatnot? johny1 12/12/18 10:23:44 AM
#37012   SPY breaking yesterdays high. Sustained trade over 268 johny1 12/12/18 10:22:25 AM
#37011   one thing to be etched in stone.when vix dotnet 12/12/18 10:15:44 AM
#37010   I agree. 270 is a very important target. gdl 12/12/18 09:37:59 AM
#37009   Bought AAC dec 21 calls 2.5 strike @ bigarow 12/12/18 08:58:55 AM
#37008   Taking a look at some charts last night. johny1 12/12/18 06:47:12 AM
#37007   WELL, the "TELL" might already be here. gdl 12/11/18 09:58:50 PM
#37006   What a difficult market. The 2 day gdl 12/11/18 04:19:16 PM
#37005   OMG! I came so close to dumping those beachcomber1 12/11/18 02:58:25 PM
PostSubject