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Last Post: 8/19/2018 11:39:47 AM - Followers: 458 - 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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#35615   Will be selling my Puts Monday assuming we gdl 08/19/18 11:39:47 AM
#35614   hmmn interesting. hope he figures out before he dotnet 08/17/18 11:23:22 AM
#35613   Musk doesn't want to get an auto smartone 08/17/18 11:17:45 AM
#35612   yes that's what i am confused. all tsla dotnet 08/17/18 11:09:31 AM
#35611   Look at Musk's other company SpaceX there are smartone 08/17/18 11:06:17 AM
#35610   TSLA. i do not understand why this elon dotnet 08/17/18 10:57:49 AM
#35609   OUT TSLA Aug 2018 320.00 Put @13.70 smartone 08/17/18 10:53:05 AM
#35608   OUT SPY Aug 2018 283.50 Put @51 smartone 08/17/18 10:51:58 AM
#35607   Holy shit that's a good start johny1 08/17/18 10:01:35 AM
#35606   SOLD 1/2 TSLA Aug 2018 320.00 Put @9.81 smartone 08/17/18 09:53:24 AM
#35605   BTO SPY Aug. 22 280.00 P @.49 Filled johny1 08/17/18 09:52:49 AM
#35604   BOT TSLA Aug 2018 320.00 Put @2.13 smartone 08/17/18 09:34:34 AM
#35603   I lied! Help on and will add more gdl 08/17/18 12:30:57 AM
#35602   OUT FB Aug 2018 180.00 Call 50 smartone 08/16/18 12:25:16 PM
#35601   Gambling here. Hitting my upper limit at 2842. gdl 08/16/18 11:27:20 AM
#35600   OUT IWM Aug 2018 167.00 Put @33 smartone 08/16/18 11:17:35 AM
#35599   BOT FB Aug 2018 180.00 Call 43 smartone 08/16/18 11:08:39 AM
#35598   BOT IWM Aug 2018 167.00 Put @35 smartone 08/16/18 10:52:33 AM
#35597   OUT FB Aug 2018 180.00 Call @84 smartone 08/16/18 10:11:51 AM
#35596   BOT FB Aug 2018 180.00 Call @84 smartone 08/16/18 09:56:09 AM
#35595   OUT TSLA Aug 2018 347.50 Call @1.81 smartone 08/15/18 02:13:15 PM
#35594   BOT TSLA Aug 2018 347.50 Call @1.92 smartone 08/15/18 12:58:31 PM
#35593   For once I got the timing right. gdl 08/15/18 11:23:27 AM
#35592   Nice work; two bags plus on those $SPY puts!! trading.jeff 08/15/18 11:16:33 AM
#35591   OUT SPY Aug 15 2018 282.00 Put @1.74 smartone 08/15/18 11:11:22 AM
#35590   Perfect. Nice job johny1 08/15/18 10:51:21 AM
#35589   Well played gld! beachcomber1 08/15/18 10:41:23 AM
#35588   Sold 100 SPY Puts 280 8/17 @ 1.25 gdl 08/15/18 10:40:07 AM
#35587   Looks like you should have at least a johny1 08/15/18 10:25:09 AM
#35586   BOT SPY Aug 15 2018 282.00 Put @49 smartone 08/15/18 09:51:11 AM
#35585   STC SPY 282.00 P @.75 +38% That was unpleasant johny1 08/15/18 09:49:01 AM
#35584   bot AMZN 1925 call @ 7.33 Beerworld 08/15/18 09:41:41 AM
#35583   TSLA everyone was waiting for 8K and marziali 08/14/18 08:54:18 PM
#35582   I got out AH with a slight gain smartone 08/14/18 05:14:41 PM
#35581   Holding overnight. Averaged down some. I'm not too johny1 08/14/18 04:38:31 PM
#35580   Bought 100 SPY PUTS 280 8/17 @ .25 gdl 08/14/18 03:35:14 PM
#35579   BOT SPY Aug 15 2018 283.00 Put @33 smartone 08/14/18 02:07:50 PM
#35578   BTO SPY Aug. 15 282.00 P @.59 johny1 08/14/18 09:55:01 AM
#35577   there goes your TESLA !!! good patience Beerworld 08/13/18 01:23:37 PM
#35576   I think I'll just observe the rest of johny1 08/13/18 12:19:26 PM
#35575   ADD TSLA Aug 2018 377.50 Call 1.34 smartone 08/13/18 12:16:21 PM
#35574   OUT SPY Aug 13 2018 283.50 Put @74 smartone 08/13/18 11:43:54 AM
#35573   STC SPY 283.00 P @.40 +53% johny1 08/13/18 11:27:28 AM
#35572   BTO SPY Aug. 13 283.00 P @.26 johny1 08/13/18 11:11:19 AM
#35571   BOT SPY Aug 13 2018 283.50 Put @27 smartone 08/13/18 10:58:14 AM
#35570   ADD TSLA Aug 2018 377.50 Call 1.90 smartone 08/13/18 10:42:15 AM
#35569   Sold 100 SPY 8/17 280 puts @ .41 gdl 08/13/18 10:20:16 AM
#35568   ADD TSLA Aug 2018 377.50 Call 2.78 smartone 08/13/18 09:52:46 AM
#35567   BOT TSLA Aug 2018 377.50 Call @$3.15 smartone 08/13/18 09:34:45 AM
#35566   Always interpret external news way too fast. gdl 08/10/18 02:43:28 PM
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