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Last Post: 6/19/2018 5:58:56 PM - Followers: 454 - Board type: Free - Posts Today: 12

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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#35170   Steep drop should start tomorrow and last for gdl 06/19/18 05:58:56 PM
#35169   Bought 100 SPY 270 Puts 6/22/18 @ .18 gdl 06/19/18 03:05:59 PM
#35168   OUT SPY Jun 20 2018 274.50 Put @40 smartone 06/19/18 02:59:11 PM
#35167   BOT SPY Jun 20 2018 274.50 Put smartone 06/19/18 02:21:09 PM
#35166   This might be the last day you can gdl 06/19/18 01:37:07 PM
#35165   nope I wish ! I am too inconsistent smartone 06/19/18 11:10:43 AM
#35164   Well Done! Now you can go have fun beachcomber1 06/19/18 11:09:15 AM
#35163   OUT AAPL 187.50 Put @.420 smartone 06/19/18 10:46:10 AM
#35162   i would not be blindsided by fed. at dotnet 06/19/18 10:29:52 AM
#35161   yes I held AAPL put over night :) smartone 06/19/18 09:04:10 AM
#35160   Good Post. I agree 100% Emptyhead 06/19/18 08:22:43 AM
#35159   Precisely, realignment as US becomes more insular based ogflee1 06/19/18 02:35:16 AM
#35158   NOt sure if I agree with the market beachcomber1 06/18/18 10:37:36 PM
#35157   The market like most people continued to think gdl 06/18/18 10:18:26 PM
#35156   I actually hope you bank on your puts beachcomber1 06/18/18 09:50:49 PM
#35155   if you knew the man, than you would gratitude 06/18/18 09:13:45 PM
#35154   Trump just announced will be adding 200 BILLION gdl 06/18/18 09:11:24 PM
#35153   BOT AAPL 187.50 Put @84 smartone 06/18/18 02:54:36 PM
#35152   OUT SPY Jun 18 2018 276.00 Put @37 smartone 06/18/18 12:59:48 PM
#35151   BOT SPY Jun 18 2018 276.00 Put smartone 06/18/18 11:37:54 AM
#35150   Added more Puts to 7/6/2018 expiration. gdl 06/18/18 11:33:54 AM
#35149   Yes that was a nice bet. Congrats! gdl 06/15/18 05:55:21 PM
#35148   OUT BABA Jun 2018 210.00 Put 2.35 smartone 06/15/18 03:46:49 PM
#35147   BOT BABA Jun 2018 210.00 Put @50 smartone 06/15/18 02:36:51 PM
#35146   added 100 270 SPY puts 6/22/18 @ .29 gdl 06/15/18 11:57:14 AM
#35145   I like Trump...i might be the only one gratitude 06/15/18 11:37:10 AM
#35144   OUT TSLA Jun 2018 357.50 Put 2.50 smartone 06/15/18 11:34:50 AM
#35143   Bought more PUTS. gdl 06/15/18 11:32:00 AM
#35142   Market starting the Bog Drop here! I gdl 06/15/18 11:16:03 AM
#35141   BOT TSLA 357.50 Put @87 smartone 06/15/18 10:18:48 AM
#35140   OUT TWTR 46.50 Put @20 smartone 06/15/18 09:46:16 AM
#35139   BOT TWTR 46.50 Put @41 smartone 06/15/18 09:38:00 AM
#35138   Bought 200 260 SPY Puts 7/6/18 @ .34 gdl 06/14/18 11:07:23 AM
#35137   BOT SPY Jun 2018 277.50 Put @53 smartone 06/14/18 10:34:28 AM
#35136   OUT AMZN 1697.50 Put @3.10 smartone 06/14/18 10:04:33 AM
#35135   pattern once again was perfect Beerworld 06/14/18 09:42:56 AM
#35134   BOT TSLA Jun 2018 345.00 Put 2.10 smartone 06/14/18 09:42:29 AM
#35133   holding TSLA puts overnight smartone 06/13/18 05:22:49 PM
#35130   great perseverance and timing!!! Beerworld 06/13/18 03:07:57 PM
#35129   Very close to big drop. Dollar continues gdl 06/13/18 02:47:40 PM
#35128   BOT TSLA Jun 2018 337.50 Put @2.47 smartone 06/13/18 02:23:38 PM
#35127   OUT SPY Jun 13 2018 278.50 Put @45 smartone 06/13/18 02:12:40 PM
#35126   ADD SPY Jun 13 2018 278.50 Put @21 smartone 06/13/18 11:48:08 AM
#35125   ADD Jun 13 2018 278.50 Put @25 smartone 06/13/18 10:40:23 AM
#35124   BOT SPY Jun 13 2018 278.50 Put @31 smartone 06/13/18 09:53:17 AM
#35123   OUT BABA Jun 2018 205.00 Put @75 smartone 06/12/18 03:14:43 PM
#35122   BOT BABA Jun 2018 205.00 Put @48 smartone 06/12/18 01:35:44 PM
#35121   BTO SPY June 15 280.00 Calls @.55 johny1 06/12/18 01:22:56 PM
#35120   OUT TSLA 327.50 Put @1.40 smartone 06/12/18 11:37:24 AM
#35119   BOT TSLA 327.50 Put @1.68 smartone 06/12/18 10:13:25 AM
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