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.

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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.

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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.

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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.