Every Trade is Based on A Chart, Moving Average Crossing and pivot points, support, and resistance
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Who owns the most shares of you posters
I have a small 500 plus some longer term options
I haven't been trading that much in 2018 as I was trying to get a couple businesses off the ground.
Over the last couple months I have been re-organizing the way I use to trade and perfecting that trade then as to the market today. I am getting really close again. Once I have it I will trade in 2019 Full-Time
Anyone that wants to contact me please do so... I am trying to figure out the best way to go about teaching again in 2019 and Not sure where the best place is these days...
IHUB or Not IHUB
Feel free to give me any ideals.
I haven't been trading that much in 2018 as I was trying to get a couple businesses off the ground.
Over the last couple months I have been re-organizing the way I use to trade and perfecting that trade then as to the market today. I am getting really close again. Once I have it I will trade in 2019 Full-Time
Anyone that wants to contact me please do so... I am trying to figure out the best way to go about teaching again in 2019 and Not sure where the best place is these days...
IHUB or Not IHUB
Feel free to give me any ideals.
When is 3rd quarter earnings to be realized?
Whatsapp, is it a trading chat room and does it have places to only talk options
WhatsUp Dotnet..... vs WhatsAPP Dotnet
Good to hear from you guys... I have been playing with SPX lately but not watching the market in general... I like the 3 daily expiration's each week. Big moves pay off very nicely
Never used it.. Do you use Twitter?
Vish,,,, Until I perfect my trading again I will not put anyone in Jeopardy of my picks... I have a reputation of being a pretty good option trader and after my divorce I walked away from the market for over a year. Since that time I have had to retrain my eye, make sure I am not just throwing darts, and what I see has a rhyme and reason.
I'm getting close
with that said, I will never by a subscription to this site again because it runs way to slow...
Is there a better place to talk to people. I even considered talking to Jimmybob about joining his site but we would have to get past the passed and see if we can play in the same sand box
After the first of the year, I will do this more full time as I don't want to have to deal with it on a large level on my taxes this year.
Vegas
I had to retrain myself and the only way to do that and understand charts is in short term charts.... The lessons repeat themselves much faster...
For the last couple months I have been fiddling with this and that; but you are right, Less is always more and I think I have finally started getting back to the things that I truly like, The 15 minute chart. I am actually playing more with the 30 minute chart lately
As I have always Taught, Less is more and more risk is taken out...
I trade SPX pretty much on a daily basis
I've been playing the 3 minute reversals on the pivot. Funny part is sometimes I have to use the day before resistance or support because its not clear to hit the same days...
Its as if they are trying to get tricky and I have to keep an eagle eye on them and catch on each and every week to the sudden change.
But when it comes down to it. I still use the 15 and 30 minute MACD crosses like always...
I came back and saw activity and was Surprised...
I have been working on my Trading views.
3 minute vs 15 minute vs 30 minute vs 1 hour chart...
I have gone to Pivots Resistance and Support on the 3 minute as my entry and use the 15 minute MACD and 30 minute MACD for my longer trades
SPX will drop again tomorrow
That a Pay the Bills
Good Trade Vegas
I am Watching SPX
Most of my plays are based on the Daily chart and the 15 minute chart... Which ever way the Daily chart Histrogram and MACD Direction states, I only play that way. If the 15 minute Histrogram and MACD are in the same direction, you have directional power most of the time. If opposite, although it is hard not to pull the trigger on the opposite play, It tells me to stay away...
Today is one of those days...
AS much as I would like to have played the PUTS, there is no reason to cross the path of an angry situation
I will wait for my play to set up again and know I have a 85% success rate on those picks
It isn't about playing everyday....
It's about building a BANKROLL
Volume is still going to be Low today as many are just getting back to work and looking at upcoming projections...
Don't get fooled by movement in short term, pay attention to the trends...
September is usually a Down Month....
I will look into this... I have been playing 2 3 day Pivot to Pivot... It has a retrace very often, and best I can see is that it is following the sto
Whats Up Vegas
Its all I am going to play for a while... Easy to pick daily or weekly expirations every other day...
Also the Pivot Support and Resistance work great on this chart but you cant look at volume.
Look into it
On SPX, right now is the true out.... Resistance 2 was just hit and it will take a lot to break thru. Doesn't mean it won't or will, just means that there are so more many things I can do with my life today than sit in front of a computer and corrupt my brain with a sideways move. I am about explosion and pay off. I am about training my brain to see profits. I am about not wasting time..
Off to go play Golf.
The Ideal behind my sale was to get out of near term options and move back for better time frames. I still like this move
sold last 2 @3.45 3 Minute time to take over and premium drop
2 SPX 2460 @ 2.00 Sold 2 at 7.50 nearly a 4 bagger
4 SPX 2465 @ 1.42.5 Sold 2 @ 3.85 Nearly a 3 bagger
still holding
2SPX 2465 @ 142.5 currently 3.45
2 SPX 2460 @ 2.00
4 SPX 2465 @ 1.42.5
Playing Monthlies that expire today...
SPX is highly RISKY and you have to be able to read many things to play this symbol
This is yesterdays order at close and my average
Yesterday I didn't post but at close I bought 2460 and 2465 SPX at close... The 4 hour MACD chart showed a MACD that had a huge Alligator mouth opening and I just couldn't resist. It was last minute so I didn't study, I didn't think, I just reacted and I didn't want to tell anyone just in case my reaction wasn't a good reaction.
The entire trading thing to me is to train the mind to see right from wrong and to react in the right direction. Apparently I am a lot closer than I thought I was because the 15 minute chart to me no way after the market closed...
This brings me back to the training that as long as the MACD is above the centerline and also if it is on the up rise under centerline it is positive.
If the MACD is downward and below it is Negative. it is 75% good and only 25% bad.
Things I am Working on Today
Charts: 3 minute, 5 minute, 15 minute, 30 minute, hour, 4 hour, Daily, Weekly, Monthly
Patterns: Head and Shoulders, Cup and Handle, Trends, Channels, Pivots, Candles
Days like today when the market is flat, there is plenty to do... Trading is about preparation.
Preparation sets up $$$$$$
Knowledge is worth more than you have ever thought....
Nlightn
Good to hear Buddy, we should talk sometime on the phone. I changed to an Apple Phone and 90% of all my contacts did not transfer. I won't buy a private account here, not worth it yet so 15 post a day. Plus with Text these days its easier sometimes to trade with a select few.
I would love to chat, call me or send me your number to my email kraigger23@yahoo.com so we can chat
Talk about the volume set up you have now; as I have always had Pivots and Yes I trade on the Pivots Resistance and Support
Good to here from you, Bout time I make it back to Florida and meet this time
Craig
As I wake this morning,
Check out the Market only to see a Flat Day... It brings to mind how important Volume and Patterns are to Option Traders.
Lesson 1)
Not every day is a trading day for an Option Trader.
Sideways trades are to burn off premium and unless you sale puts and calls, there is absolutely no money to be made, at least Big Upside Money. I understand Sales of puts or calls but my account isn't Big Enough to Qualify Apparently...
So I have learned to do what I do Best.... Don't Trade on Sideways Days
I'm pretty sure this is going to blow up to the down side again tomorrow...
All the news today sounds like its ben about them being able to sale out to shorts as the market goes up because its not like this is high volume...
Just a feeling that it get bloody tomorrow or sideways
My Close on the 3 minute MACD was close to the Top. There was one more Leg up and the Pivot was probably closer to the right time to have let go but I still believe in not being Greedy.
Since that time there has be Premium Burn on Both sides and the 3 minute MACD is dead Sideways. Not a lot but a little each half hour
You got it Buddy
Starting Next week I will start posting charts. Specially the ones I play to explain what I was looking at when I purchased...
Good Morning Knights...
When I started this board, It didn't go over well with some people. I took offense and got myself kicked off the Option Millionaires Board. To say the least, that is a very good board and I am very found of several of the lead traders on that board.
We all have our Specialty and no one way to trade is better than another.
Jimmybob hits Home Runs and one of the most experienced Option Traders along with UPB.
CNVEGAS is a single after single after single hitter.
But with that said, Option Trading is Risky.
The reason we don't use huge investments but are looking for 20% Plus profits on our money on every trade.
I have come back to teach charts as well as Options.
There are times not to play Options and Times to Invest.
I am hoping to get a good chat room started so that the people that do decide to follow, learn from guys that have been trading Options for a while. Its not always about How To but sometime about How Not To Do.
But with all that Said, I use this board for my Own Personal Diary...
A place to go back and read about my Positive and Negative Plays
Remember: I post every trade to hold myself accountable.. But I am not at all Perfect so do not follow my plays, Learn why I play.
Over the next Several Months I am hoping to not only Teach, but at the same time refresh myself and learn.
I can say this
ITS GOING TO BE FUN
With that said, I will not buy a membership here so I only will have 15 post a day.
Out of here until the last hour...
Vish, I also called the Bounce Back.... HAHAHAHAHAHA
I have been out of practice for sometime and it was important to put the company back together first after the Divorce. I am hoping to trade more often starting next week.
around 2.30 I will post if I have an overnight but my expectations are sideways tomorrow
The 2440 calls wed SPX have gone from 3.20 to 6.20 where I would have sold them @ 5.85 without hesitation
A $1,000 investment would have given us 3 and would have return $795.00 in 1 and 1/2 hours. The 3 minute says it about to take a break and the sto and macd told me that..... even though there might be much more in this.
I was taught not to be greedy.
75% profit is nothing to complain about.
In an over night and a single play that would have been $2,685 return... Making it very easy to take a day off and look for the next play with a clear head in a couple days...
I am watching right now to make sure my eyes are seeing the right thing. Most of you that know me understand I would have bought 10 or 20 of these. Its about being right not about the money.
Never be greedy when trading. Be Positive and in Control with no emotions, especially FEAR
My Play yesterday at close was Wed 2 day SPX 2440 puts. My entry would have been 5.00 and I would have purchased 2.
A $1,000 investment which is high risk for 2 days
At Open they were worth 14.75 and I could have dumped them at 14.45 with no problem which I would have. A 9.45 profit times 2 or $1,890.00 profit for an over night ride.
Less than 5 minutes into the open they dropped back to 11.00, which is what I call the premium Burn. Market makers are not truly sure what will happen at open so them lean to the safe side. The reason an immediate profit taking is sometimes truly important.
At the same time I watched the 2440 calls and they went from 3.20 to 3.70 on a .5 point move so they also didn't get anything but premium burn.
The reason you never chase at open.
If nothing else comes from this Post
I have a daily diary of what I have seen
Pay close attention to the Pivot Points as resistance and support
Lower Open: 1/2 right so far.
Will I get the 2nd 1/2 correct with a bounce after open... With the TVIX rising I expect volatility which is exactly what you need to day trade options.
To day Trade options and make money both ways, change to a 5 minute chart and watch the full sto.
With that said there is a lot of support so it may open lower and bounce back or it may open higher and bounce lower
Volume is the key to watch at close
I am expecting lower open tomorrow from most signals
Well I have been out for nearly a year after the Move to Colorado and Back to Texas. I have watched over the Summer but haven't played and I have noticed some changes to my initial plan. I am sure it won't take long to get back on top of it as I spend more time here.
As I learn I can help others
Howie
New Phone, Apple not all numbers were transferred.
Text me or call me