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Moderator: dotnet Assistants: Beerworld, smartone, jmbar2
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Last Post: 9/22/2017 3:29:03 PM - Followers: 439 - 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
#33654   OUT IWM 144.50 Put @20 smartone 09/22/17 03:29:03 PM
#33653   ADD IWM 144.50 Put @12 smartone 09/22/17 02:10:31 PM
#33652   BOT IWM 144.50 Put @26 smartone 09/22/17 01:00:57 PM
#33651   OUT SPY 249.50 Put @38 smartone 09/22/17 11:49:34 AM
#33650   smartyone. I knew about the Mercedes competition royg1927 09/22/17 11:40:33 AM
#33649   Roy what happen here ? smartone 09/22/17 11:32:07 AM
#33648   wow home run smartone 09/22/17 10:38:55 AM
#33647   BOT SPY 249.50 Put @33 smartone 09/22/17 10:28:21 AM
#33646   Sld TSLA Sep 22, 370 puts at 4.82 royg1927 09/22/17 10:11:07 AM
#33645   OUT SPY 249.00 Put @20 smartone 09/22/17 10:06:00 AM
#33644   BOT SPY 249.00 Put @20 smartone 09/22/17 09:51:33 AM
#33643   Bot TSLA Sept 22, 370 puts at 2.38 royg1927 09/22/17 09:47:32 AM
#33642   they are already millionaires and quit their day dotnet 09/22/17 09:07:40 AM
#33641   Wow, come to see if the board is Jackswift 09/21/17 05:44:50 PM
#33640   add SPY 249.00 Put @21 smartone 09/21/17 11:38:05 AM
#33639   Stopped out of GS Sept 22, 230 puts royg1927 09/21/17 10:35:28 AM
#33638   BOT SPY 249.00 Put @31 smartone 09/21/17 10:18:16 AM
#33637   Bot GS Sept 22, 230 puts at .70 royg1927 09/21/17 09:43:47 AM
#33636   Opening SP500 Heat map 45% green 55% red royg1927 09/21/17 09:31:20 AM
#33635   SOLD SPY Sep 20 2017 250.00 Put 88 smartone 09/20/17 02:42:52 PM
#33634   BOT PY Sep 20 2017 250.00 Put 32 smartone 09/20/17 01:10:46 PM
#33633   I noticed some time there quotes are lagging, farooq 09/19/17 09:26:24 PM
#33632   OUT SPY Sep 20 2017 249.50 Put @.24 smartone 09/19/17 03:33:03 PM
#33631   BOT SPY Sep 20 2017 249.50 Put @.26 smartone 09/19/17 02:11:53 PM
#33630   Always a courtesy to leave a little on Beerworld 09/19/17 11:30:22 AM
#33629   SOLD TSLA 370.0 Puts at 2.82 smartone 09/19/17 11:26:15 AM
#33628   yes roy i did smartone 09/19/17 11:10:29 AM
#33627   Bot GS Sept 22, 225 puts at .56 royg1927 09/19/17 10:39:29 AM
#33626   smartone, your post TSLA 370.00 Puts @ 177. royg1927 09/19/17 10:33:28 AM
#33625   BOT TSLA 370.00 Put @177 smartone 09/19/17 09:36:58 AM
#33624   Sold 250.50 against 250 Calls @0.34 time stamp 3:27:35. farooq 09/18/17 03:33:21 PM
#33623   OUT SPY Sep 20 249.00 Put @38 smartone 09/18/17 03:27:52 PM
#33622   Long SPY 09/22 call 250 @ 0.44 time farooq 09/18/17 02:39:17 PM
#33621   BOT SPY Sep 20 249.00 Put @24 smartone 09/18/17 10:17:47 AM
#33620   Monday Sept 18 SP500 opening heat map 65% royg1927 09/18/17 09:31:31 AM
#33619   Sld AAPL Sept 15, 162.5 puts at 2.48 royg1927 09/15/17 03:55:47 PM
#33618   Sld TSLA Sept 15, 380 puts at 2.23 royg1927 09/15/17 03:52:20 PM
#33617   Bot AAPL Sept 15, 162.5 puts at 1.94 royg1927 09/15/17 03:33:16 PM
#33616   Bot TSLA Sept 15, 380 puts at 1.05 royg1927 09/15/17 03:19:52 PM
#33615   Sold TSLA Sept 15, 370 puts at .07 royg1927 09/15/17 03:09:23 PM
#33614   Stoppwd out of WFC Sept 15, 51.5 puts royg1927 09/15/17 03:05:57 PM
#33613   anyone hear about this ? smartone 09/15/17 02:13:56 PM
#33612   spy ex divi >>1.235 paulgmx1 09/15/17 10:46:58 AM
#33611   hard to make money in SPY weekly options smartone 09/15/17 10:31:25 AM
#33610   wow serious trouble with eoptions today smartone 09/15/17 10:10:44 AM
#33609   Bot BAC Sept 15, 24.5 puts at.21 royg1927 09/14/17 02:10:29 PM
#33608   Bot TSLA Sept 15, 370 puts at 1.05 royg1927 09/14/17 02:06:23 PM
#33607   BOT SPY 249.00 Put @50 smartone 09/14/17 11:49:00 AM
#33606   smartone, on your post 33602, what exactly did royg1927 09/14/17 11:25:52 AM
#33605   ADD SPY 249.00 Put @43 smartone 09/14/17 11:21:11 AM
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