Chat Room Policies

I want this to be the best chat room in the world and these policies will help us achieve that. We are laser focused on making money and this is not a social forum. We hunt for stocks with relative strength and relative weakness. That is our edge and Option Stalker helps us find them. Options take too long to type in so we just post the stock symbol. Personally I prefer to day trade stock. It is much more liquid and I can buy bids and sell asks. If you trade options make sure they are liquid and stick with deep in the money weekly options that have a high delta of .75 or higher.

Rules

New Members

The Jargon

Long:
This means we bought to open. Entries are very important because we may want to join the trade. If we just used the word bought we would not know if that was a buy to cover a short or a buy to initiate the trade.
Short:
This means we sold to open.
Bought for gain/loss:
This means we are closing a short position we previously posted.
Sold for gain/loss:
This means we are closing a long position we previously posted.
Bidding $X.XX:
This means we trying to buy below the current price to close a short position. That price is our target.
Offering $X.XX:
This means we are trying to sell above the current price to close a long position. That price is our target.
Stop:
This is our stop price and the order has been entered. It is a “working order”.
Mental stop:
This is a manual stop. It gives others an idea of where we plan to exit a current trade.
HOD:
High of Day.
LOD:
Low of Day.
M5:
Five minute chart.
D1:
Daily chart. We often reference this and it is a sign we would consider for a swing trade.
MA:
Simple Moving Average. 200MA is the 200-day Moving Average.
Bullish Hammer:
Candlestick pattern.
Bearish Hammer:
Candlestick pattern.
Doji:
Candlestick pattern.
Bullish/Bearish Engulf:
Candlestick pattern.
OTM:
Out of the money option
ATM:
At the money option
ITM:
In the money option
Lotto calls/puts:
Options that expire the same day.
ES:
S&P 500 emini

The Pattern

This is our edge. All stock symbols should have this pattern and all of us should be able to bring up a chart and see the relative strength/relative weakness. The M5 1OSI indicator should be spending most of its time above zero for longs. That is a sign of relative strength. Here are some examples. There is an incredible edge to trading these stocks compared to trading the SPY/ES.

RPM chart KMT chart LRCX chart