NexusFi: Find Your Edge


Home Menu

 





Weekly Option Trader


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one Vikings1 with 178 posts (397 thanks)
    2. looks_two Gisfor with 12 posts (3 thanks)
    3. looks_3 Cloudy with 10 posts (8 thanks)
    4. looks_4 Big Mike with 8 posts (15 thanks)
      Best Posters
    1. looks_one theoptionguru with 3.5 thanks per post
    2. looks_two Vikings1 with 2.2 thanks per post
    3. looks_3 Big Mike with 1.9 thanks per post
    4. looks_4 Cloudy with 0.8 thanks per post
    1. trending_up 59,124 views
    2. thumb_up 482 thanks given
    3. group 56 followers
    1. forum 271 posts
    2. attach_file 544 attachments




Closed Thread
 
Search this Thread

Weekly Option Trader

  #231 (permalink)
 
theoptionguru's Avatar
 theoptionguru 
Columbus, OH
 
Experience: Advanced
Platform: TOS
Trading: options
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
from other members on NexusFi?
Build trailing stop for micro index(s)
Psychology and Money Management
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
Better Renko Gaps
The Elite Circle
 
  #232 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

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














Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #233 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418


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.


Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #234 (permalink)
 MoparCar 
Boulder, Colorado. USA
 
Experience: Beginner
Platform: Tradovate, TOS
Broker: Tradovate
Trading: NQ, ES
Posts: 20 since Nov 2012
Thanks Given: 118
Thanks Received: 15

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

Thanked by:
  #235 (permalink)
 
Boomer34's Avatar
 Boomer34 
Georgia, USA
 
Experience: Advanced
Platform: TOS
Broker: TOS
Trading: SPX
Posts: 164 since Mar 2011
Thanks Given: 74
Thanks Received: 57

Inspiring thread Vikings1!


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

Follow me on Twitter
Thanked by:
  #236 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

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...



Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:
  #237 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

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.



Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #238 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

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


Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #239 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418

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..



Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
  #240 (permalink)
 
Vikings1's Avatar
 Vikings1 
Minneapolis, MN, USA
 
Experience: Master
Platform: ninjatrader, TOS
Trading: Weekly Options
Posts: 188 since Sep 2011
Thanks Given: 26
Thanks Received: 418


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....

Attached Thumbnails
Click image for larger version

Name:	15ATRChart1.jpg
Views:	271
Size:	415.1 KB
ID:	95883  
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread
Thanked by:

Closed Thread



Last Updated on December 18, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts