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Created: 03/15/2012 09:39:43 AM - Followers: 517 - 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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#50661
Bought SPY 375 puts for tomorrow. Good luck everyone johny1 06/28/2022 02:15:42 PM
#50660
I completely agree with you johny1 06/28/2022 12:00:37 PM
#50659
That is true about shares that don't trade Beerworld 06/28/2022 07:48:54 AM
#50658
Kinda risky ... JLS 06/27/2022 09:43:07 PM
#50657
QQQ options also trade until 4:15 Beerworld 06/23/2022 06:04:29 PM
#50656
I found out when I had a trade johny1 06/22/2022 09:29:44 PM
#50655
Cool. Learned something new! DR. EVIL 06/22/2022 09:24:22 PM
#50654
You can with SPY. For 15 minutes after johny1 06/22/2022 09:05:58 PM
#50653
Since when can you participate in the options DR. EVIL 06/22/2022 08:03:29 PM
#50652
Bought some SPY puts after the close for Friday johny1 06/22/2022 07:44:44 PM
#50651
Iam traveling and will be back. Bot MSFT calls Beerworld 06/21/2022 06:34:42 PM
#50650
Looks like this board is dead! Anyone looking WSB168 06/21/2022 12:24:31 PM
#50649
Another scalp: $SPX today's 4050 puts from 1.15 trading.jeff 06/03/2022 11:21:26 AM
#50648
Scalped $SPX today's 4070 puts from 2.25 to trading.jeff 06/03/2022 10:48:38 AM
#50647
If I may suggest paper trading your system farooq 06/02/2022 10:32:28 AM
#50646
Traveling. Beerworld 05/27/2022 06:29:06 AM
#50645
Scalped today's $IWM 177 puts from 1.56 to trading.jeff 05/20/2022 11:18:27 AM
#50644
Scalped $IWM tomorrow's 178 calls from 1.56 to trading.jeff 05/19/2022 02:02:34 PM
#50643
Scalped $QQQ tomorrow's 292 calls from 3.55 to trading.jeff 05/19/2022 11:58:28 AM
#50642
damn too early I was so proud LOL Beerworld 05/19/2022 09:57:58 AM
#50641
Toe dipping SPY 5/20 406 calls @ 1.95 Beerworld 05/18/2022 10:49:55 AM
#50640
Out $OXY Friday's 67 calls at 2.76 from trading.jeff 05/16/2022 01:42:51 PM
#50639
MSFT next week calls. 265 @2.65 Beerworld 05/13/2022 09:55:20 AM
#50638
Made up nicely for my losses with a trading.jeff 05/11/2022 01:10:01 PM
#50637
Lots of chop today. Gonna step back for trading.jeff 05/11/2022 12:00:07 PM
#50636
Took another loss on puts; too much chop. trading.jeff 05/11/2022 11:23:25 AM
#50635
Tried puts on today's $SPY 400 strike, but trading.jeff 05/11/2022 11:16:26 AM
#50634
Just back into Friday SPY calls.405 Beerworld 05/11/2022 11:09:58 AM
#50633
what you holding now? wavexrider 05/11/2022 10:59:45 AM
#50632
Scalped today's $SPY 401 calls from 3.23 to trading.jeff 05/11/2022 10:54:01 AM
#50631
and sold nice scalp!!! Beerworld 05/11/2022 09:49:55 AM
#50630
No, I usually don't hold anything overnight. With trading.jeff 05/11/2022 08:44:56 AM
#50629
You holding anything overnight? I got Msft qqq wavexrider 05/10/2022 07:59:17 PM
#50628
I picked up some $SPY puts and did trading.jeff 05/10/2022 03:44:08 PM
#50627
Qqq Msft calls again here wavexrider 05/10/2022 03:36:33 PM
#50626
Didn't watch them, but looks like you did trading.jeff 05/10/2022 03:10:59 PM
#50625
How you like ‘em Msft Fb Amd aapl wavexrider 05/10/2022 03:07:35 PM
#50624
Roughly even on a scalp of tomorrow's $SPY trading.jeff 05/10/2022 02:45:18 PM
#50623
Fb Amd calls wavexrider 05/10/2022 02:35:46 PM
#50622
Back in aapl Msft calls wavexrider 05/10/2022 02:31:20 PM
#50621
Nice work on those $AAPL puts. I primarily trading.jeff 05/10/2022 02:23:18 PM
#50620
And out 26% aapl puts. All cash now. wavexrider 05/10/2022 02:20:53 PM
#50619
Nice! Jumping into aapl puts now for a wavexrider 05/10/2022 02:11:39 PM
#50618
$SPY Tomorrow's 400 calls from 3.69 to 4.75, trading.jeff 05/10/2022 01:48:48 PM
#50617
Double bottom on the $SPY 5-minute chart; pps trading.jeff 05/10/2022 12:01:16 PM
#50616
Probably because it's too much risk you are dotnet 05/10/2022 11:15:55 AM
#50615
Earlier this morning, I played these two: trading.jeff 05/10/2022 11:13:13 AM
#50614
Looking at Msft , Googl, tsla, Fb, vale wavexrider 05/10/2022 07:19:52 AM
#50613
I haven’t use MACD in a long time. wavexrider 05/09/2022 10:58:19 PM
#50612
Holding just GLD and SLV next month calls wavexrider 05/09/2022 05:18:03 PM
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