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Last Post: 8/7/2020 12:12:05 PM - Followers: 497 - 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.
PostSubject
#44937   BTO AAPL 455 C@.46 johny1 08/07/20 12:12:05 PM
#44936   Seriously it is at $5 now. I suck!!!!! lovetoseegreen 08/07/20 10:59:22 AM
#44935   Thanks, wow did I leave a ton on lovetoseegreen 08/07/20 10:51:52 AM
#44934   Nice hit dude! I need to figure dannyzee84 08/07/20 10:50:06 AM
#44933   BTO FB Aug 7 275 Call@$2.29 & Sold lovetoseegreen 08/07/20 10:49:13 AM
#44932   BTO AAPL Aug 7 450 Call@$3.60 & Sold lovetoseegreen 08/07/20 09:47:19 AM
#44931   Crazy, very nice lovetoseegreen 08/06/20 12:53:38 PM
#44930   Well FB came from the depths.. that was dannyzee84 08/06/20 12:53:01 PM
#44929   I have traded FB twice today, and many lovetoseegreen 08/06/20 12:52:30 PM
#44928   Only had 2, but was a nice win dannyzee84 08/06/20 12:49:55 PM
#44927   CONGRATS! That is an incredible trade! lovetoseegreen 08/06/20 12:37:36 PM
#44926   Yeah I have next week 167.5 that we’re dannyzee84 08/06/20 12:35:20 PM
#44925   Sold @ $3.00, FB is a BEAST today! lovetoseegreen 08/06/20 12:07:14 PM
#44924   BTO FB Aug 7 262.5 Call@$1.91 lovetoseegreen 08/06/20 12:04:02 PM
#44923   Typical bounce and back flat too bad I dannyzee84 08/06/20 09:47:09 AM
#44922   Clapped me out @ 3 flat dannyzee84 08/05/20 12:34:16 PM
#44921   Bought some next week SQ 160c @ 3.65 dannyzee84 08/05/20 11:26:47 AM
#44920   BTO SPY 330P @1.12 wavexrider 08/05/20 10:41:44 AM
#44919   Sold @ $4.00, that was quick, I am lovetoseegreen 08/05/20 10:10:46 AM
#44918   BTO FB Aug 7 250 Call@$2.94 lovetoseegreen 08/05/20 10:07:16 AM
#44917   Time for da hour of power to bail johny1 08/04/20 03:05:50 PM
#44916   Big explosion in Beirut. Must have caused the johny1 08/04/20 01:09:51 PM
#44915   Deutsche Bank is saying buy NKLA ahead of johny1 08/04/20 11:31:40 AM
#44914   I’m in NKLA, BYND from the dip Grabbed some dannyzee84 08/04/20 11:18:57 AM
#44913   BTO SPY 330 C@1.13 & BTO AAPL 445 C@5.00 johny1 08/04/20 11:12:21 AM
#44912   I think a pull back tomorrow, I’m looking dannyzee84 08/03/20 04:23:37 PM
#44911   Couldn't quite reach 330. How about that johny1 08/03/20 03:24:10 PM
#44910   STC SPY 330 C@.27 +28% I know itll johny1 08/03/20 02:41:40 PM
#44909   I meant around .18 delta — that’s usually dannyzee84 08/03/20 02:11:21 PM
#44908   Yeah been doing well with tight stops, once dannyzee84 08/03/20 01:59:14 PM
#44907   Look for 2 standard deviations out or .018 dannyzee84 08/03/20 01:45:37 PM
#44906   danny i remember you play debit spreads. any dotnet 08/03/20 01:40:06 PM
#44905   Doing pretty well. Slow and steady growth. Keeping johny1 08/03/20 01:13:36 PM
#44904   BTO SPY 330 C@.21 johny1 08/03/20 01:10:58 PM
#44903   Haha! Hope so johny.. how ya been? dannyzee84 08/03/20 11:57:21 AM
#44902   Nice! Keep trading like that and you'll be johny1 08/03/20 11:56:20 AM
#44901   I had 1 call 245 sep 18.. went dannyzee84 08/02/20 06:50:22 PM
#44900   Did anyone play that yyyyuge spike in AAPL? johny1 08/01/20 03:37:51 AM
#44899   I'm not surprised. Too many moving parts on johny1 08/01/20 03:35:44 AM
#44898   They always go to .00 for me, I dannyzee84 07/31/20 01:55:41 PM
#44897   So many people losing their asses on KODK. johny1 07/31/20 01:24:04 PM
#44896   Anyone ever hold options through a stock split? johny1 07/30/20 10:15:30 PM
#44895   Looks like we're heading for a gap up tomorrow johny1 07/30/20 04:31:33 PM
#44894   I cant believe how much we've rallied today. johny1 07/30/20 03:32:51 PM
#44893   Shake it off. It's just one trade. We johny1 07/30/20 03:18:46 PM
#44892   BTO SPY 325 C@1.10 Holding overnight johny1 07/30/20 03:17:32 PM
#44891   Someone needs to learn patience. What an idiot lovetoseegreen 07/30/20 12:34:00 PM
#44890   Thanks. I'm sure glad I sold my AAPL johny1 07/30/20 10:37:44 AM
#44889   Very nice! lovetoseegreen 07/30/20 10:03:27 AM
#44888   STC SPY 321 P@2.80 Easy peezy johny1 07/30/20 09:58:19 AM
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