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Last Post: 4/20/2018 2:06:01 PM - Followers: 451 - 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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#34842   OUT AAPL 167.50 Call @14 smartone 04/20/18 02:06:01 PM
#34841   Add AAPL 167.50 Call @12 smartone 04/20/18 01:32:07 PM
#34840   BOT AAPL 167.50 Call @21 smartone 04/20/18 01:15:43 PM
#34839   smartone: I love watching your trades. long time manhack 04/20/18 12:39:02 PM
#34838   as long as you continue to bank profits smartone 04/20/18 12:01:19 PM
#34837   Honestly I have been struggling with my entrance Beerworld 04/20/18 11:48:49 AM
#34836   yes one of those days when I see smartone 04/20/18 11:46:39 AM
#34835   you are hitting on all cylinders today Beerworld 04/20/18 11:39:55 AM
#34834   OUT TSLA 295.00 Put @172 smartone 04/20/18 11:38:00 AM
#34833   BOT TSLA 295.00 Put @72 smartone 04/20/18 10:26:55 AM
#34832   OUT BABA 180.00 Call @81 smartone 04/20/18 10:12:45 AM
#34831   BOT BABA 180.00 Call @33 smartone 04/20/18 09:42:30 AM
#34830   That late day spike saved my butt!!! Beerworld 04/19/18 11:15:23 PM
#34829   OUT BABA 182.50 Call 95 smartone 04/19/18 03:51:19 PM
#34828   BOT BABA 182.50 Call @54 smartone 04/19/18 11:06:57 AM
#34827   OUT TSLA 287.50 Put @1.70 smartone 04/19/18 10:45:34 AM
#34826   BOT TSLA 287.50 Put @2.09 smartone 04/19/18 10:27:50 AM
#34825   OUT TSLA 287.50 Put @3.40 smartone 04/19/18 09:57:18 AM
#34824   BOT TSLA 287.50 Put @2.35 smartone 04/19/18 09:34:34 AM
#34823   OUT SPY Apr 18 271.00 Put @30 smartone 04/18/18 02:51:51 PM
#34822   ADD SPY Apr 18 271.00 Put @30 smartone 04/18/18 02:40:57 PM
#34821   BOT SPY Apr 18 271.00 Put @44 smartone 04/18/18 11:30:59 AM
#34820   Well done. TSLA and NFLX seem to be anti-SPYs. MacFly 04/17/18 12:48:52 PM
#34819   NICE!!! Long SPY and QQQ calls. Beerworld 04/17/18 12:27:57 PM
#34818   OUT TSLA 292.50 Call @4.99 smartone 04/17/18 12:17:18 PM
#34817   BOT TSLA 292.50 Call @3.05 smartone 04/17/18 09:48:58 AM
#34816   OUT Apr 16 2018 267.50 Put @42 smartone 04/16/18 03:02:06 PM
#34815   BOT SPY Apr 16 2018 267.50 Put @30 smartone 04/16/18 02:06:22 PM
#34814   BOT SPY Apr 16 266.00 Put @39 smartone 04/16/18 10:53:49 AM
#34813   OUT SPY Apr 16 266.00 Put @70 smartone 04/16/18 09:59:16 AM
#34812   BOT SPY Apr 16 266.00 Put @42 smartone 04/16/18 09:33:10 AM
#34811   OUT BABA 172.50 Call @75 smartone 04/13/18 02:20:20 PM
#34810   BOT BABA 172.50 Call @51 smartone 04/13/18 12:29:40 PM
#34809   OUT SPY 266.50 Call @34 smartone 04/13/18 12:08:19 PM
#34808   ADD SPY 266.50 Call @20 smartone 04/13/18 11:08:32 AM
#34807   BOT SPY 266.50 Call @34 smartone 04/13/18 10:43:35 AM
#34806   OUT TSLA 305.00 Call 2.02 smartone 04/13/18 09:55:00 AM
#34805   BOT TSLA 305.00 Call 1.38 smartone 04/13/18 09:36:06 AM
#34804   OUT TSLA 302.50 Call 2.43 smartone 04/12/18 03:50:02 PM
#34803   BOT TSLA 302.50 Call 2.01 smartone 04/12/18 12:55:28 PM
#34802   US weekly jobless claims total 233,000 vs 230,000 MacFly 04/12/18 09:08:37 AM
#34801   OUT SPY Apr 11 263.00 Put @49 smartone 04/11/18 10:25:30 AM
#34800   BOT SPY Apr 11 263.00 Put @52 smartone 04/11/18 10:06:55 AM
#34799   OUT FB 155.00 Put @45 smartone 04/10/18 04:00:46 PM
#34798   add FB 155.00 Put @50 smartone 04/10/18 03:06:45 PM
#34797   OUTSPY Apr 11 262.00 Put @77 smartone 04/10/18 02:55:31 PM
#34796   BOT FB 155.00 Put @82 smartone 04/10/18 02:39:57 PM
#34795   BOT SPY Apr 11 262.00 Put @72 smartone 04/10/18 01:43:39 PM
#34794   was too early with my SPY put darn smartone 04/09/18 02:47:58 PM
#34793   Joo got bigger balls than I. Got shook MacFly 04/09/18 02:33:15 PM
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