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  • Next Week Watch List is out.. Lots of Triggers Today

    daytraderockstar post

    posted by daytraderockstar

    May 29, 2015 5:27 pm

    I've been plotting some great channels over the last week and like clockwork most of them triggered there buy zones today. This is very interesting development. Each time we get down to an area of interest in the market and in HPS stocks the game of musical chairs looses a few seats. I made a point on the video discussing how difficult it is sometimes to buy into this weakness as human nature has us chasing positive results not negative action. The Successful Seasoned trader takes the opposite approach. The successful trader will have to wade into battle at these levels. This is hard to do as we all know, but it's ok to scale in small and that's what I am doing today on some of these new positions. 

     

    Anyway I am heading on a vacation next week and RPM will be hosting The watch list video is in the long version this week and will return to individual HPS videos next week when i return. The watch list Video can be seen here.

    http://daytradingradio.com//10for1000

    The HPS Charts and Alerts can be found here http://hps.daytradingradio.com/

    I will be checking in as much as i can in the mornings.

    Check out today's Es action. Great patterns and Swings

    See everyone Tuesday

    DayTraderRockStar

  • Options Roundtable Wednesday MAY 26th 2015 11:00 am- 2:00 pm est

    daytraderockstar post

    posted by daytraderockstar

    May 26, 2015 10:08 pm

     

     

    DATE: Wednesday May 27th 2015 11:00 am

     

    Where: www.DayTradingRadio.com

    Participants:  Joel (Trade4pay) Brian (Bfiguy) Jerry (jerryjr) Michael (michaelD) Mark (Oobie) Anthony (Anthony) and More..

     

    The Basics

     

    This is a basic intro to Options and below are some notes to help understand and prepare for our guest speakers. This will be open discussion focused on outline you see below. These will be recorded and posted in the Members Forum, This will be also Part 1 of a continuing series. Some of the terms will be very basic. But we will have great speakers who actively trade options and have a great deal of knowledge and tips to share.

     

    Outline of Discussion:

    What Terms you will Learn:

    Calls

    Puts

    Strike Price

    Exercise

    Assignment

    Expiration

    In the Money (ITM)

    At the Money (ATM)

    Out of the Money (OTM)

    Intrinsic Value

    Time Value

    Volatility

     

     

    1. What is an Option?

     

    An option is a standardized contract providing for the right - but not the obligation - to buy or sell an underlying financial instrument. In our context, this underlying is a stock or exchange traded fund (ETF). The contract controls 100 shares, and is good until a defined expiration date. The price at which shares can be bought or sold also is defined by the contract, and is known as the strike price.

     

    There are two types of options: calls and puts. You can buy or sell either type. If you buy an option you are the holder of the contract and considered to be "long," while if you sell an option you are the "writer" of the contract and considered to be "short."

     

    The buyer of a call has the right to buy the underlying security (e.g. 100 shares of Google) at the strike price on or before the expiration date. The seller of a call has the obligation to sell the shares, if asked.

     

    The buyer of a put has the right to sell the underlying security (e.g. 100 shares of Google) at the strike price on or before the expiration date. The seller of a put has the obligation to buy the shares, if asked.

     

    2. What is Premium.

    In exchange for the right to buy ("call") or sell ("put") an underlying security on or before the expiration date, the purchaser of an option pays a premium. The price of the contract is known as the debit, and it is the purchaser's maximum risk. On the other side of the trade, the seller of the option receives the premium as a credit to his/her brokerage account, but is obligated to buy (in the case of a short put) or sell (in the instance of a short call) the underlying shares if the purchaser exercises the contract. Brokerages hold cash from the premium as a guarantee against short positions.

     

    The strike price, or exercise price, of an option determines whether that contract is in the money, at the money, or out of the money. If the strike price of a call option is less than the current market price of the underlying security, the call is said to be in the money because the holder of the call has the right to buy the stock at a price which is less than the price he would have to pay to buy the stock in the market. Likewise, if a put option has a strike price that is greater than the current market price of the underlying security, it is also said to be in the money because the holder of this put has the right to sell the stock at a price which is greater than the price he would receive in the market. The converse of in the money is, not surprisingly, out of the money. If the strike price equals the current market price, the option is said to be at the money.

     

    3.  What is Intrinsic Value and Time Value.

     

    The premium of an option has two components, intrinsic value and time value.

    Intrinsic value describes the amount the stock price is above the strike price (for calls), or below the strike price (for puts). Therefore the amount by which an option is in the money is intrinsic value. It is also the value of the contract at expiration.

     

    Time value is defined as the option premium minus the intrinsic value. It is the amount that you pay for the possibility that it will be worth more in the future. Therefore an at-the money or out-of-the-money option has no intrinsic value and only time value.

     

    4. Buying Calls.

    You want leverage? Buying calls gives you leverage over 100 shares of an underlying stock (or ETF) at the strike price until the expiration date. Long calls are used to profit from upward moves in the underlying.

     

    Again using Google for an example, the GOOG December 500 call option gives you the right to buy 100 shares of GOOG for $500 per share up until the expiration date in December. You would do this with the expectation that the price of the option will rise, usually through the rise in the price of the underlying stock.

     

    5. Exiting Long Calls

     

    When a call has been purchased, the position can be closed in one of three ways:

     

    • Selling the call - Once an option is bought it can be sold at any time. This is the most common way of exiting a long position, and the only way of exiting a long call that captures any remaining time value in the option.
    • Letting it expire - If a call gets all the way to expiration, it will expire worthless if it is out-of the money (when the strike price is above the stock price). If the stock price is above the strike price by $.01 or more, it will be automatically exercised and shares will be delivered to your brokerage account. Long calls are almost always sold before expiring, since at that point they will have lost all time value.
    • Exercising your call - Utilizing the "right to buy" that is inherent in the call contract is known as "exercising" the option. This results in your brokerage delivering shares of the stock to you at the strike price. Options are rarely bought with the intention of exercising the underlying right. Taking this course also forgoes any remaining time value in the option.

     

    5. Buying Puts

    Want to profit from the downside? Puts give the buyer the right to sell a specific number of shares (usually 100) of an underlying stock at the strike price until the expiration date. Long puts will profit if the underlying price falls, all else held equal. Buying puts therefore offers a limited-risk way to profit from the downside. This also makes them a way to protect positions as insurance

     

    Exiting Long Puts

     When a put has been purchased, the position can be closed in one of three ways:

     

    • Selling the put - Once a put is bought it can be sold at any time, and this is the most common way of exiting a long position. This is the only way of exiting a long position that captures any remaining time value in the option.
    • Letting it expire - If a put gets all the way to expiration, it will expire, worthless if it is out of the money (when the stock price is above the strike price - See Options Pricing). If the stock price is below the strike price by $.01 or more, it will be automatically exercised and shares will be "taken" from your brokerage account. Long options are almost always sold before expiring, as at that point they will have lost all time value.
    • Exercising the option - Utilizing the "right to sell" that is inherent in the put contract is known as exercising the option. This delivers shares of the stock from your account at the strike price. Options are rarely bought with the intention of exercising the underlying right. Taking this course also forgoes any remaining time value in the option.

     

     

     

    6. What is an Option Chain and How ro read one.

    For any given option contract, we need to know the most recent prices and other factors. Option chains show data for a given underlying's different strike prices and expiration months.

     

     

       ·      At the top, we have the stock information and then different expiration months. In this case we are looking at Intel (INTC) April 08. ( I know it's 08 but i put this together fast I clipped some old examples)

    • Down the middle are the strike prices. Calls are on the left, puts on the right.
    • Contracts in the money are yellow, and out of the money are white.

     

    Each strike lists:

    • The price of the last trade ("Last")
    • The price at which there are willing buyers (the "Bid")
    • The price at which a contract is offered for sale (the "Ask" or "Offer")
    • The volume of the day's trading ("Vol")
    • The contract's "open interest" ("Open Int"), which tells us how many active contracts there are for a given month and strike.

    High open interest figures, generally near the at-the-money strikes, tell us there are more prospective trading partners who could accept your price. But note that volume does not equal open interest, since some trades are made to close positions.

    Options Roundtable will begin Wednesday 11:00am and should wrap up around 2:00pm or later

     

     

     

     

     

     

  • Breaking Briefs -- New Tunes Tuesday

    briguy post

    posted by briguy

    May 26, 2015 3:45 pm

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.


    ============== Which Way Do We Go, George? ==============


    U.S. stocks were recording their steepest fall in three weeks in midday trading on Tuesday, as a host of positive economic data increased the likelihood of a rate hike in the near term and sent the dollar soaring.

    The dollar was hovering at a one-month peak against a basket of major currencies <.DXY> and at one point gained as much as 1.38 percent, pushing for its largest daily move in almost two years.

    "A strong dollar is going to hurt exports and the revenue line of companies, which wasn't strong to begin with," said Rick Fier, director of trading at Conifer Securities in New York.

    The overall economy is gradually firming, with reports on Tuesday showing business investment spending plans increasing solidly in April, consumer confidence perking up this month and house prices extending gains in March.

    The buoyant data comes after Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise interest rates this year if the economy keeps improving as expected. The comments kept the prospects of a September rate increase high

    .Yellen's comments and the dollar's rise have pushed the monthly gain for each of the three major U.S. stock indexes to below 2 percent in the past two trading sessions.

     

    Plus, it's New Tunes Tuesday ... we'll check out some new music out this week.

    See you tonight !!

    During show, you can reach me at:

    Twitter: @briguytrading | @breakingbriefs

     

    Read More …

  • New Best bets for Next week have been uploaded. HPS is out

    daytraderockstar post

    posted by daytraderockstar

    May 22, 2015 6:28 pm

    First, I hope everyone gets to relax for the next few days. You won't have to research much as all the good setups are on this week's HPS  list. :-) Remember how we came in and scooped up the railroads and had some nice trades off of the lower channel lines. This week we have another great group doing the same thing. Looks like we should get our bounce mid week at the latest. 

     

    I put out some extra video's this week including the HPS individual videos. The Main Radar video can be found  as usual here http://daytradingradio.com//10for1000

    and the individual HPS vids can be found on the HPS page here http://hps.daytradingradio.com/

    We have been trading a lot of Channel recently and I did a little review video to show you what to look for..

     

    https://youtu.be/9L2NZbu1WlU

    Lots of great trades coming.. Have a great Memorial Day

     

    DayTraderRockStar

  • Breaking Briefs

    briguy post

    posted by briguy

    May 19, 2015 3:58 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    Join us today as we cover the latest.  Feel free to email, tweet, or text in your questions, and we'll cover them live on air.  It's good to be back with you all.

    See you tonight !!

    During show, you can reach me at:

    Twitter: @briguytrading | @breakingbriefs

     

    Read More …

  • New HPS set up $GMCR Video is uploaded

    daytraderockstar post

    posted by daytraderockstar

    May 18, 2015 8:45 pm

    A nice setup approaching, and I am sticking to the format of individual video's focusing on Pure HPS setups

    The GMCR video can be seen here http://daytradingradio.com//10for1000 it's the 4th one down on the list.

    Also we locked in some great profits today in SNI and I gave this out free over the weekend. It is a classic example of and HPS lower channel line bounce 1-2-3 Pattern. (the first trend line touch is off the screen)

    This is what you get  each day at www.daytradingradio.com

    Today we entered another HPS setup (Members) and it looks to continue higher but caution on the 60 min set up. We could  and likely see a little pullback. But overall looking great.

    Tune in tomorrow morning early for the news and research 

    Oh yeah almost forgot I had on Futurestrader71 as a guest today and again we had a great discussion on the markets. Talking about market tops, what makes them and how to spot them. awesome material.

     

     

     

    DayTraderRockStar

     

    Try out a 2 week free trial

  • Breaking Briefs -- Winnie the Pooh Market

    briguy post

    posted by briguy

    May 18, 2015 3:59 pm

    Briguy's Breaking Briefs (DTR1, 4:30pm ET)

    What you turn on When the markets turn off.  Join us for news, earnings, and tunes.

    ============== Winnie the Pooh Market Prevails ==============

    The Dow Jones industrial average and S&P 500 hit record highs on Monday, helped by a rally in Apple as well as weak economic data suggesting the Federal Reserve may wait to raise interest rates.

    Why 'Winnie the Pooh Market' ??  Because it has no bottoms !!

    Join us today as we cover the latest.  Feel free to email, tweet, or text in your questions, and we'll cover them live on air.  It's good to be back with you all.

    See you tonight !!

    During show, you can reach me at:

    Twitter: @briguytrading | @breakingbriefs

     

    Read More …

  • What a week HPS setups had great moves and Profits were big .. Next week's list is ready

    daytraderockstar post

    posted by daytraderockstar

    May 15, 2015 4:46 pm

    So yesterday I started a new format for the HPS video's breaking each setup down to it's own individual video. I have good feedback on this and will keep it this way for the time being. 

    There is a new format to the HPS video, making it even more easy to focus on the individual set ups. As you can see by the trades made on DTR we have a strict set of rules that cover entries and exits. Today was amazing but next week is setting up with some great stocks . The important details can be found as a member at under the HPS video tab HPS VIDEO

    What else can i say that isn't constantly said and repeated on the show. Here is the results of the work this week. These charts get released to members and the levels marked are programmed into the Trader Dashboard and alerts you via Email or TXT  or triggers being hit real time. Even though some of these are still active I want to share a couple of ones so you can see how the charts look and what you get.

    The first is a pure HPS with multiple indicators lining up

    First is a 1-2-3 Pattern then we have a Lane Divergence Set up on the 60 Min time frame that was the deciding factor in the entry the Lane Divergence so I got in with 5 Contracts and added a 4 more (LOL) that was a fat finger trade trying to sell but the news was strong and it worked out. There was news of and Activist stake taken but the setup itself proved a great level as we cannot predict this type of news but I can show you where the best possible place to see that news is.

    This shows the Divergence

    Next up is a classic 1-2-3 Channel and we look for the multiple indicators to line up at the 4th touch

    Here is your freebee and you can see it is just getting started

    Last Week's BEST BET is still one of my favs for next week and expect more upside and the new setups. That chart and info is on the HPS video site. With many others. I will continue to pin point these levels and send them out to members. See you Monday Morning

    Congrats to Profit taking who will receive 30% of my BBBY Chart Bounty Trade for a total of $391.00 from my $1300.00 Profit

    For more information on becoming a member and all the benefits click on the banner below

     

     

     

  • New HPS Watchlist Update New (Specialized) Videos

    daytraderockstar post

    posted by daytraderockstar

    May 14, 2015 9:41 pm

    I am trying something new for this next weeks Video Watch list. I took each stock that was a pure HPS setup and did a video just for the one setup. The video clips are about 3-5 minutes long. making it easy to go back and find the stock that you need to reference. Its actually more work this way but It will let me update the list in a more timely matter instead of waiting for Fridays. I will try to add new setups as they appear during the week. 

    I would like to hear some feedback if you liked the old version in one video about 50-60 min, or this new format of smaller individual videos. let me know! Dtrs@daytradingradio.com.

    These videos posted today are for tomorrow and the beginning of next week. They are all great and excited for tomorrow market. I expect $FAST to get nice follow through day.

    Specialized Watch List videos for Next week and tomorrow Click here The Top Video is not $FAST 

     

    If you still need to reference the old video's they are listed on the side of the page.

     

    Have a great night

     

    DayTraderRockstar

  • Best Bet for this week is a perfect setup Video is out and IMPORTANT

    daytraderockstar post

    posted by daytraderockstar

    May 09, 2015 9:00 pm

    I am going to get right to the point. This weeks watchlist has one of the best setups I have come across in months. Each week we are taking apart this market with great HPS Charts and it's been a great year as we head into the summer months. The S&P 60 min rotation has been unstoppable for short term trends and entries. To have this momentum at your back makes things so much easier.. as you can see from the chart below.

     

    Let me remind you that this are short term swing trades or scalps. In a perfect scenario I am looking to hold these positions 1-5 days. There will be cases like last the last couple weeks that had some positions  chop around sideways but that is ok the HPS zones are showing the levels of interest and we are seeing the stocks react to them.

    Now if we look back at the chart you will see that 60 min time frame is again overbought. The question here is do we again rotate back down  or if you look closer you can see the stochastic lines start to embed up against the 90 area. This is usually a bullish indicator and We could see higher levels.

    .. and higher levels means new highs in the market...

    But that doesn't matter really cause this week's best bet is a great one. I will be taking a bigger position Monday most likely and I see a great opportunity to make some real good cash. 

     

    The Video is shorter this week as I decided to streamline the setups  and starting next week I want to put out individual videos approximately 5 min each so You can pick and choose which position you would like to study and not have to deal with the review of other stocks that are not Pure HPS quality. 

    Now back to the best bet you will find most of the info on this set up about 26:20 into the video and it has the follow up top 5 of the week. 

    Excited about this one and can't wait to enjoy the profits

    The members Watch List can be viewed here http://daytradingradio.com//10for1000

    Last weeks Best bet

    This next setup was a great Lane Divergence in WY and I am sharing 30% of the profits to Member   XTADD 

    "Chart Bounty" is a program where DTR members search for stocks that have the best probability of profiting in the shortest amount of time. These are called Bounty Stocks and based off the HPS methodology. The Chart Hunters receive a monetary bounty from myself 30% of profits if I take the trade based on their chart.  I have narrowed the entry criteria to "lane Divergences" so please submit just those that qualify

    another great lane Divergence that we traded for your reference

     

    We had another  Chart Bounty's winner also but I lost the message that contained the email address as my chat closed unexpectedly. Please email me it again at ironaction@yahoo.com. Sorry for the delay its been a busy week. I will be sending those Bounties out Monday morning.

    oh Yeah Happy Mothers Day to all have a wonderful day and see you Monday Morning..

     

    DayTraderRockStar