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Weekly Option Trader


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Weekly Option Trader

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  #231 (permalink)
Columbus, OH
 
Experience: Advanced
Platform: TOS
Trading: options
 
theoptionguru's Avatar
 
Posts: 11 since Sep 2012


AttitudeTrader View Post
@Vikings1

You showed people just another of the myriad ways that trading can be approached. I'm not using the things you specifically taught/showed, but I can tell you that you opened my eyes to a variety of things and ways of thinking that has been an important part of my growth as a trader.

What you shared, regardless of what you may have seen in actual responses and the following of your method, is priceless, and has benefited me as I'm sure it has others.

Thank you for sharing here.

-AT

This is a great response to Viking. Viking's detail has provided me with the encouragement to move forward with my plan. I started 11/1 live and have been making pretty steady money since then, all trading just AAPL on 1 and 3 min charts. It's freakin' awesome!

Of course, strong impulse trends certainly help, but even when the prices are choppy there's a little money to be had if you stick to your rules.

Risk is relatively low using the proper money management and loses are minimized while profits can be maximized. Wow! Better the futures, as far as I'm concerned.

More detail to follow when I get more data.


Can you help answer these questions
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  #232 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Here is what everything looks like of my charts these days and how it all works on this short clip...(newbie to video stuff, hope to be posting these shortly on Youtube)

11.27.2012-10.39.49 - Vikings1's library

I have been able to code in entry prices into my set-ups (again not a real coder, so a real accomplishment for me), (now it won't always post if the next signal bar is not triggered, so it is not perfect, but it is not to bad either)....

PS: I'll start posting some daily pics as well for swing traders....

Example of Stock Picks for 11-27-2012 (picks I will post the prior night before open in the future)

I have been able to code my codes into a daily,weekly, monthly scan in StockFetcher which in turns sends me an e-mail of fresh crosses every night. (Buys on the "Up Code Picks" would be any break of the previous day high and vice versa.)

I have inserted a few charts of the daily swing trades, stop will be whatever is posted in upper left hand corner of my chart.

Take care and have fun!

Vikings1

Up Code
Symbol
DUK
BA
ED
FDX
EQR
ROK
ETR
SPG
JBHT
CHRW

Down Code
Symbol
JWN
ILMN














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  #233 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received


Up Code
No matches

Down Code
Symbol Short Stop Shares


NOV 69.89 73.42 56
HCN 58.78 60.73 102
KMB 85.51 87.34 109
VAR 68.74 71.39 75

Number of shares is based off a maximum loss of $ 200. Personally I rather play the Dec. Put options instead of shorting the stocks outright. You pick your profit level.







How the market looks on my charts (could go either at this moment, Es breaks 1387.75 and it could see 1373.50, IMO)







Oil obviously has had issues at that major FIB ($90.18). Right now it is in a range of ($ 89.80 & $ 86.37). It would need to break $ 88.53 to show me any signs of real upward movement and then $ 89.80 and $ 90.18. If it breaks $ 86.37 then $ 84.05 comes back into play.


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  #234 (permalink)
Boulder, Colorado. USA
 
Experience: Beginner
Platform: Tradovate, TOS
Broker: Tradovate
Trading: ES, NQ
 
Posts: 17 since Nov 2012
Thanks: 94 given, 14 received

Vik,
What a great informative thread. I really appreciate your dedication to posting and teaching us your methods. Much appreciated! Thanks.

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  #235 (permalink)
Kampala, Uganda
 
Experience: Intermediate
Platform: TOS
Broker: TOS
Trading: SPX
 
Boomer34's Avatar
 
Posts: 164 since Mar 2011
Thanks: 74 given, 56 received

Inspiring thread Vikings1!


Thank you for your dedication and commitment...it is appreciated much more than has been expressed!

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  #236 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Who comes to the market's rescue today; The Fed, the Congress, CNBC,??

Market still looking weak, 30 year rising, oil breaking down...

Wish you all well today in your trading...



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  #237 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Sweet Bounce off my daily stop on OIL @ $ 85.40 and why I put my actual stop 1 tick below the posted stop.

Let's see where the $ 85.75 short goes.. (so far so good)

Take care.



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  #238 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

Oops....here is the chart I forgot to add


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  #239 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received

1 hour ATR based range charts look nice here...now where is market going?

All daily stops tested, but so far not broken...back-up from here? Time will tell..



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  #240 (permalink)
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
 
Vikings1's Avatar
 
Posts: 188 since Oct 2011
Thanks: 26 given, 409 received


Here are two sets of charts, my daily and my range charts based of a 15 Min ATR. As you can see, you don't need to be in a hurry to trade.





Close up on CL and ES charts using my 15 Min ATR based range..(sweet double bottom on oil)






Later....

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December 18, 2012


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