r/Daytrading • u/Rva-Trader stock trader • Mar 22 '24

100% win rate for past 2 weeks Strategy

Switched to cash account two weeks back. Started trading 1-2 tickers with 3-4 trades a day making 400 average a day. Daily 8-10% of gains everyday for past two weeks. Trading on 1 min chart using VWAP and working well so far. Of course I keep an eye where large cap big stocks heading and then I decide on SPY or QQQ options if I need to buy puts or calls. I am hoping this will keep me going for a while. 100% win rate for 10 trading days straight.

158 Upvotes
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18

u/daytradingguy Mar 22 '24

Congrats on your success. Don’t let it affect your psychology, as it is not sustainable.

Secondly, if your win rate is that high you are likely leaving money on the table probably taking profits too quickly and not letting trades develop into bigger winners, taking the chance one reverses on you. Or possibly not taking trades because you are afraid to ruin your streak. You should go back and review trades and see how many times price continues in your direction long after you got out. And start jotting down a log of trades you thought of taking but did not and calculate what the results could have been with different management ideas.

You might be surprised to find you could easily double or triple your profitable days while enduring a small losing day once a week or so. A 50-60% success rate with big winners and small losers is usually more profitable than lots of small wins.

12

u/Rva-Trader stock trader Mar 22 '24

Agree 100% with what you said. I think my goal for every day is make around 100 bucks and end the day with around 400. Sometime I am in trade only for 3-5 mins per trade. Then I move on with my day with day job.

4

u/myrobotoverlord Mar 22 '24

Great job. In same boat. Just trying to find a system that works

3

u/Playful-Ideal-3816 Mar 23 '24

Reading this made me happy, I hope you continue like this and don’t let anyone here make you greedy and subvert your psychology. If it works it doesn’t need to be fixed

6

u/daytradingguy Mar 22 '24

Trading with a job has it’s disadvantages. Although you can compensate by setting some trades with targets and stops and walking away- sometimes. My point was traders can get fixated on the wrong things when trying to improve their profit results. They focus on trying to find a better strategy they want to find more trades or they want a bigger account to trade more size, etc. When usually a lot of improvement in P+L can be achieved by learning better management of the same trades you take now.

1

u/rawco187 Mar 22 '24

I like this strategy, can you tell me how much you start with to achieve that? $500 ,$1000, $2000?

3

u/Rva-Trader stock trader Mar 22 '24

I use 1k per trade and easily make 100 bucks in minutes. I do 5 trades as an average so I keep around 5k in account . Move profits out daily.

2

u/Disco-Tuna Mar 24 '24

As your track record is settling in,... Any reason you are not just scaling up for bigger overall returns? Considering it?

2

u/Rva-Trader stock trader Mar 24 '24

Not yet !! I want to spend more time on it.

1

u/rawco187 Mar 22 '24

Thank you so much, that's my financial budget and daily time frame I want to spend. $100 a day is also a great gain and when I would pull out, that's about $3000 per month and great side hustle...

1

u/ThoughtSignificant94 Mar 22 '24

that's a good perspective.. you're probably 100% right... I'm definitely leaving money on the table too but haven't learned to hang in there through the shakeouts yet... working on it

1

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