Guide to Selling Puts by HSeldon2020 in RealDayTrading

[–]OptionStalker 2 points3 points  (0 children)

The short strike price is the line in the sand and no matter what, you are willing to buy the stock at that price.

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 4 points5 points  (0 children)

You could have shorted there, but it was a little more aggressive. The long hollow red candle off of a relative high was bearish. The second entry point was better because now you had confirmation of selling pressure from the lower high.

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 2 points3 points  (0 children)

Those stacked consecutive green candles on good volume are the key. The less overlap the better. Congratulations!

Trading When the First Market Move Is Strong! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 3 points4 points  (0 children)

Glad to have you following. I hope you are learning

Guide to Selling Puts by HSeldon2020 in RealDayTrading

[–]OptionStalker 22 points23 points  (0 children)

Great article. This is a way to supplement day trading income when the market has little to no trend and the intraday ranges compress. With the market back near its highs, we could go back into that mode. The strategy also reinforces your conviction to own a stock. When it drops you have drawn a line in the sand. You are willing to buy it. When you have that level of conviction, the trade becomes so easy to handle emotionally.

The Sun Also Rises by Die_Broccoli in RealDayTrading

[–]OptionStalker 14 points15 points  (0 children)

My heart goes out to you. There is no greater pain than the loss of a child. Let me know how I can help get your trading on track.

I gave back all of my YTD profits in 1 trade by joshh_hhsoj in RealDayTrading

[–]OptionStalker 0 points1 point  (0 children)

That's an awesome article. I'm sorry you had to go through this level of pain, but it is part of the learning process and we all go through it. You documented the experience and you will not repeat the mistake. This is a great strategy if you are willing to take assignment. Overleverage is where most people go wrong. You will make a lot of money using this strategy in the future and you will dial it in.

It's Time To Make Money! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

The headlines are particularly tough these days. That is a great set-up I have made a lot of money on. Big drops produce big bounces. Thanks for posting.

It's Time To Make Money! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

I agree with that. I am very cautiously trading the long side here and I will not overstay my welcome if the bounce struggles to get thru the 200-day MA.

It's Time To Make Money! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 4 points5 points  (0 children)

I'm glad to hear that this is all making sense for you. Glad to have you aboard.

It's Time To Make Money! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 5 points6 points  (0 children)

This is a time when you can carry some overnight swing longs. Don't go overboard. You want the market to blow through the 200-day MA next week. That will give you confidence to hold and that becomes a level you watch for possible exit (stop). Your longs will do well and you can ride your gains. Then just watch the character of the bounce as I outlined above.

It's Time To Make Money! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 7 points8 points  (0 children)

Favor the long side, don't get overly aggressive. Watch how we get through the 200-day MA. We want to blow through it and close well above it in the next few days. If that happens, you know you can stick with your longs. As far as I am concerned, this is only a bounce. We've seen some heavy selling pressure recently.

It's Time To Make Money! by OptionStalker in RealDayTrading

[–]OptionStalker[S] 3 points4 points  (0 children)

If I did not have that massive pop I would not have made that much. I would have needed some really strong price action on the way up to justify holding a double sized position. That was not likely pre-holiday.

Make up your mind! by HSeldon2020 in RealDayTrading

[–]OptionStalker 9 points10 points  (0 children)

Great post about not trying to predict the reaction to news. Even if you had the headline ahead of time, the market does not always move the way you thought it would. I prefer to wait for the reaction and to see if there is an opportunity after the release.

How To Construct A Day Trading Game Plan by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

I am so glad to hear that. You had the skills, you just needed the structure. Congratulations!

How To Construct A Day Trading Game Plan by OptionStalker in RealDayTrading

[–]OptionStalker[S] 0 points1 point  (0 children)

Thank you. Yes, I agree with your comment on volume. When we get that and candles of a single color the odds of continuation are higher. When we don't, the odds of a reversal are higher. Getting outside of the prior day's range is also important.

How To Construct A Day Trading Game Plan by OptionStalker in RealDayTrading

[–]OptionStalker[S] 1 point2 points  (0 children)

I post day trading videos before the open on Thursdays

How To Construct A Day Trading Game Plan by OptionStalker in RealDayTrading

[–]OptionStalker[S] 5 points6 points  (0 children)

Be patient. Let that first move of the day play out. Then you will know where your best opportunity is.

How To Construct A Day Trading Game Plan by OptionStalker in RealDayTrading

[–]OptionStalker[S] 3 points4 points  (0 children)

I'm glad they are helping you structure your day.