Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
New Watch List for this week:
www.stockcharts.com/public/1662759/
New Watch List for this week:
www.stockcharts.com/public/1662759/
MRK should be a good play tomorrow... Phase iii completed and jumped 3% AH on results.... I see this at $45 in the next few months... Should play the August 43 or for more conservative play the August 42 calls.... I have been pumping this stock for about a month now in the chatroom since it was at $38 it was getting a little overbought but this news will send it North.... I have August 40,41,and 42 calls currently.
I am in the August 9 calls
I always buy forward month calls/puts if I play ER....I bought August 9 calls and August 8 puts.....10 each....if anything maybe one will washout the other.
This place is mostly traders.... Not investors
New watchlist:
Here is my new watchlist for swing trades....these are meant to be held from 1-3 weeks...I would buy the August calls at the next strike up or ATM....JMHO
http://stockcharts.com/public/1662759
New watchlist:
Here is my new watchlist for swing trades....these are meant to be held from 1-3 weeks...I would buy the August calls at the next strike up or ATM....JMHO
http://stockcharts.com/public/1662759
So the idea is to buy at the bottom stamp and sell at the top stamp....or vise versa?
What is the time stamp.....?
OK... Maybe I misunderstood you... How do you use the ma (which ones) to determine the length of the run?
I have found that if you change the default numbers on any of your indicators, you must change all the others as well... Otherwise you will get signals that don't match because of different time frames...
When I am day trading options.... All my indicators have to be at the bottom for me to buy calls and all of them at the top to buy puts.... If one of your indicators is reading different timeframes then I don't know they can match up for a good buy or sell signal...
I could be wrong.
Sorry...on my last post I meant to say ITM options.....not ITM stocks.
On my longer term plays (1-3 weeks)....I set my exit a little higher....between 30 and 50 percent....pretty easy to achieve when you buy forward month ITM stocks with a delta of 70 ot higher...
I don't play with a lot of money....between 500 and 700 on each play but I usually make between 10 and 20 percent on a play because I try to stick to my system and treat it as a business and take the emotions out of it....immediately after my buy order is filled I put in a stop loss for what I am willing to loose...I go into each trade asking myself how much I am willing to loose instead of how much can I make....at the price goes up I slowly begin to move my stops up...when I reach my target of between 10 and 20 percent, I sell it.....I know what you are saying.....10% on 700 is only $70.... But multiply that times 5 and you get $350 per week....$1500 per month....$18,000 per year....not too shabby, especially if you have a full time job like me and trade everyday from a mobile phone and tablet..
SDH,
I actually shy away from the big name stocks like AAPL, PCLN, CMG....I have made good money playing stocks like MRK and especially VZ....not fast movers like some, but over a period of a week or so you can make really good bank if you are into holding for a while....that's why I always buy forward month next strike up options....if something goes afoul there is time to fix it.
Cool....I make those charts for people in the option millionaires chat room. Most of them day trade, but I buy for longer holds and always buy forward month options....so people have been asking for them so I started making them public....it's a good service..when they make money...lol
Hey SdH...
Boy, thanks a lot for that info on ADX....used to to make some good money on Friday with MRK...
Look at this watchlist I made on Friday using 20/50 and 50/200 ma crossovers and ADK signals.....really finds good charts...
http://stockcharts.com/public/1662759/
Thanks again
If you are just starting out in options do not under any cirumstances trade any real money until you have paper traded and FULLY understand them or you will FULLY loose ALL of your money.
Open an account at optionsexpress.com. They have no minimum to open an account and offer a real time virtual trading platform for you to practice on....i really like the charting platform they have also.
Welcome to the world of options. If I can be of any assistance please let me know...happy trading.
Welcome back and let me say.....thank you very much for your service to this country.
Holy shit.... Over 130 million shares of T and VZ traded AH
New watch list for 6/22/2012
This list is all calls that are meant to be held for 1-3 weeks
The market is crazy so I suggest you buy forward month (august) next strike up from current price. ...JMHO
http://stockcharts.com/public/1662759/
Good luck.
Sure Jimmy. Post my watchlist. I don't have private messaging.
Many things.....a 20/50 or 50/200 bullish crossover, positive MACD signal that is over 0, plus DI (14) on the top of the minus DI (14), ADX indicator over 20 (under 20 and the stock is in consolidation mode or just channeling), decent volume (overall, not just for a particular day).... Most of my watch lists and buys are designed to be swing trades that are held for 1-3 weeks and I usually buy forward month calls/puts....that is the strategy that works for me....
New watch list for 6/21/2012
This list is all calls
The market is crazy so I suggest you buy forward month (august) next strike up from current price. ...JMHO
http://stockcharts.com/public/1662759/
Good luck.
I think people will make the switch to high dividend Stocks and let the money ride till this market gets a clearer head.
So if the + DI is on top that is good, especially if the indicator is above 20 and rising?
Awesome.....thanks for the info on the trend lines and ADX
And if you don't mind.....what do the blue lines you drew tell you?
What does the ADX indicator used for....what does it tell you?
New Watch List for 6/20/2012
Hello everyone....today's watch-list did very well...especially, ZUMZ,EBAY,ASH, and LAZ....
Here is my new list for tomorrow:
6/20/2012 Watch List
Good Luck...any questions, please let me know...Thanks
Thanks.... As a community we can all make money.
100% of my watchlist is making money today. Anyone get in?
posted an updated watchlist for today:
http://stockcharts.com/public/1662759
My watch list for tomorrow:
http://stockcharts.com/public/1662759/
I will post a watch list every night because a bunch of people keep asking me for watch lists...
I will try that. What indicators are you using for your intraday setups? I am using BB(12,2,2), RSI(12), MFI(12), IMI(12), Full Sto(12).......for day trading I use a one day 2 minute chart.
Do you have the same charts on each list? I have a watch list and I look at it off and on during the day. If I need more info I click on the chart name and it views it with the default setting that I have (in my case, a 6 month chart), then I can change the chart with a drop down box under the chart if I want to see the intraday chart at whatever timeframe (60,15,5). Is this the hard way to do it?
What do you mean by don't have to see the others?
I don't think you need that many lists. Just change the timeframe and the chart automatically changes, then save the setting to the timeframe and it will save. Then just use the drop down box to change from different timeframes.
I have my default chart for each chart I look at set at a 6 month chart to look for long term trends. Then I have a dropdown box under the Chart to change it to a daily 60 minute, 15 minute, and 5 minute chart with streaming in for intraday charts.