Posted by lcstrickland on 12th of Aug 2010 at 02:38 pm
Does anyone have information I can read or a class that I can
take on stock and option entry points. I seem to be able to pick
decent trades, but my entry points leave a lot to be desired. I
seem to lose money before the trade turns around (sometimes days
later) in my favor. There has to be a better way. Thanks
Posted by dranchikwanha on 12th of Aug 2010 at 06:29 pm
This is a great site for options trading, they are
very technical and they provide trade alerts for simple
calls/puts to advanced strategies, market screener, webinars
etc. They have a free 30 days trial so you can check
them out
It takes a lot of time reviewing charts to see what works for
each individual stock or index. Options always have the problem of
premiums and of decay. Try using bollinger bands on
stocks and indexes on diff timeframes, especially looking at tests
of the lower band on corrections.
Another trick I use is to look for false breakouts or breakdowns
on every time frame. The OCT 2007 high was a false breakout on a
weekly basis; the Aug 9th high was a false breakout on a
daily/hourly basis. The July 1st low was a false breakdown. If all
you did was those you can make big $$ with very few entries.
But once you train your eye you will see those
setups frequently.
I always tell traders you don't have to trade EVERY day.
No one can keep up high activity for very long. You want to make
the most money with the LEAST amount of trades. Good luck
perfecting option/stock entries
Posted by lcstrickland on 12th of Aug 2010 at 02:38 pm
Does anyone have information I can read or a class that I can take on stock and option entry points. I seem to be able to pick decent trades, but my entry points leave a lot to be desired. I seem to lose money before the trade turns around (sometimes days later) in my favor. There has to be a better way. Thanks
www.optionsource.net. -Options website
Posted by dranchikwanha on 12th of Aug 2010 at 06:29 pm
This is a great site for options trading, they are very technical and they provide trade alerts for simple calls/puts to advanced strategies, market screener, webinars etc. They have a free 30 days trial so you can check them out
It takes a lot of
Posted by PA on 12th of Aug 2010 at 03:11 pm
It takes a lot of time reviewing charts to see what works for each individual stock or index. Options always have the problem of premiums and of decay. Try using bollinger bands on stocks and indexes on diff timeframes, especially looking at tests of the lower band on corrections.
Another trick I use is to look for false breakouts or breakdowns on every time frame. The OCT 2007 high was a false breakout on a weekly basis; the Aug 9th high was a false breakout on a daily/hourly basis. The July 1st low was a false breakdown. If all you did was those you can make big $$ with very few entries. But once you train your eye you will see those setups frequently.
I always tell traders you don't have to trade EVERY day. No one can keep up high activity for very long. You want to make the most money with the LEAST amount of trades. Good luck
thanks, good advice...
Posted by lcstrickland on 12th of Aug 2010 at 03:52 pm
thanks, good advice...
think or swim
Posted by jbidmt on 12th of Aug 2010 at 02:43 pm
check out tom sosnoff. he has seminars, etc.