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Last Post: 3/26/2019 9:53:42 AM - Followers: 473 - 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.
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#39166   Sold 200 SPY 276 Puts expiring 29th @ gdl 03/26/19 09:53:41 AM
#39165   Nice trade on AAPL johny1 03/26/19 09:52:07 AM
#39164   STC SPY 280 C@2.31 +124% That worked out johny1 03/26/19 09:50:35 AM
#39163   Unloading UVXY 44 & 43 puts Still have 41s beachcomber1 03/26/19 09:50:07 AM
#39162   STC AAPL 190329C187.5 @ 5.30 + 2.50 beachcomber1 03/26/19 09:33:27 AM
#39161   Will sell all PUTS this morning. Will gdl 03/26/19 09:22:42 AM
#39160   I'll probably be selling those 280 calls near johny1 03/26/19 09:21:53 AM
#39159   sold all except MSFT calls on close. Right Beerworld 03/25/19 10:47:28 PM
#39158   How about that Donald restripe 03/25/19 07:20:46 PM
#39157   Been doing a lot of crazy bets with gdl 03/25/19 06:58:44 PM
#39156   You squeeze them for every last cent down johny1 03/25/19 04:34:50 PM
#39155   I rode the 279 calls into AH & beachcomber1 03/25/19 04:29:02 PM
#39154   Sold 200 SPY 280 @ 1.76 plus 1.36 gdl 03/25/19 04:14:41 PM
#39153   BTO SPY Mar 27 280 C@1.03 johny1 03/25/19 03:35:10 PM
#39152   I added to AMZN calls & UVXY puts beachcomber1 03/25/19 03:32:10 PM
#39151   Yeah great I sold too early but made Beerworld 03/25/19 03:29:43 PM
#39150   Everything bounced but AAPL SMH beachcomber1 03/25/19 03:25:41 PM
#39149   STC SPY 277.50 P@.38 +18% Probably would be johny1 03/25/19 02:17:30 PM
#39148   BTO AAPL 190329C187.5 @ 2.80 bounce play off bottom beachcomber1 03/25/19 02:14:31 PM
#39147   BTO SPY Mar 25 277.50 P@.32 johny1 03/25/19 01:58:43 PM
#39146   Bought 100 SPY 277 Puts expiring 27th @ .95 gdl 03/25/19 01:48:16 PM
#39145   Tip off that this was going to be gdl 03/25/19 01:00:08 PM
#39144   I'm chatting with a lot of good traders beachcomber1 03/25/19 12:52:42 PM
#39143   With AAPL down will it be buy the news? Beerworld 03/25/19 12:49:27 PM
#39142   yep trading 1766-76 Beerworld 03/25/19 12:44:25 PM
#39141   AMZN Right back to that 1777.52 beachcomber1 03/25/19 12:29:03 PM
#39140   STC SPY 279.50 C@.65 +18% johny1 03/25/19 12:24:03 PM
#39139   BTO SPY Mar 25 279.50 C@.55 johny1 03/25/19 12:09:38 PM
#39138   EPIC battle right here! Monday has to gdl 03/25/19 12:01:57 PM
#39137   IWM telling the story today ..... Then do beachcomber1 03/25/19 11:15:36 AM
#39136   STC SPY 275 P@.86 +26% I need to johny1 03/25/19 10:32:32 AM
#39135   Sold 200 SPY 272 Puts expiring 27th @ gdl 03/25/19 10:24:25 AM
#39134   bot back AMZN @ 9.5 Beerworld 03/25/19 10:12:30 AM
#39133   bot AMZN 1800 call @ 9 sold Beerworld 03/25/19 09:41:35 AM
#39132   market not down on Mueller probably more military Beerworld 03/25/19 12:19:03 AM
#39131   Sold them on Friday. beachcomber1 03/24/19 06:05:06 PM
#39130   Well how do you like that restripe 03/24/19 05:16:13 PM
#39129   Bulls need to watch out for the rug pull... Motba 03/24/19 05:04:22 PM
#39128   Justice department finds no collusion between trump and johny1 03/24/19 04:48:24 PM
#39127   Did anybody take apple puts ahead of the johny1 03/24/19 03:09:11 PM
#39126   I played what was in front of me. gdl 03/23/19 03:46:08 PM
#39125   Good morning GLD. So, are you still holding beachcomber1 03/23/19 12:40:54 PM
#39124   I dont mind spending a little money on johny1 03/23/19 08:49:56 AM
#39123   I actually did buy more PUTS at end gdl 03/22/19 09:45:05 PM
#39122   Volatility can chop some peeps up. Me? Luv It! beachcomber1 03/22/19 07:34:38 PM
#39121   Yea I just hope it stays volatile. Takes johny1 03/22/19 06:47:28 PM
#39120   Exactly. At least we got a Market that beachcomber1 03/22/19 06:37:43 PM
#39119   LoL Yea probably. It's all fake and it's johny1 03/22/19 06:31:00 PM
#39118   Wouldn't that be considered Fake News? :-D beachcomber1 03/22/19 05:42:10 PM
#39117   Half bottle is better than no bottle. I've johny1 03/22/19 05:30:25 PM
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