I’d like to trade options on some some ETFs; QQQQ, DIA, SPY, IWM. I’d like to stay focused on a few stocks and trade when they move. I’d prefer not to trade on news; just the technicals.I use options so that I do not have to risk that much cash(5K) but willing to take the volatility of options.What indicators and what confirmations should be used to make 1 day-trade per day? .03 – .06 per trade would be fine trading 40-80 contracts.I currentl use QuoteTracker software using EMAs and WMAs, MO, TRIX and RSI as indicators.I just can’t seem to get very successful using my settings.What have you successfully used? What should I be using and what should I be looking for?Dan

 

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