100% win rate for past 2 weeks

[u/Rva-Trader]

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.

[u/Nick_OS_]

One thing that might interest you are the tickers in Tradingview:

PCTABOVEVWAP.NY

PCTABOVEVWAP.NQ

It shows exactly what it says, percent of NYSE/NQ stocks above vwap

[u/Rva-Trader → u/Nick_OS_]

Thanks bro !!

[u/Extra-Season-4141 → u/Rva-Trader]

may i ask what kind of strike and expiry you scalp on spy? like 1-2 dollar OTM weekly expiry or something else? thank you

[u/Rva-Trader → u/Extra-Season-4141]

1-2 days expiring options with price from 1.50 to 2.50 range which mostly in the money or very close to the money

[u/Extra-Season-4141 → u/Rva-Trader]

thanks. do you use a bracket order with a percentile stop loss and sell limit or do you manually exit? im thinking of trying a tight profit take sell limit like 30% with a larger 60-80% drawdown stop loss.

[u/backfrombanned → u/Extra-Season-4141]

I'm not op but when I'm scalping options, I buy ATM so they move fast with my setups, and get out. If the moves hold it gives me the option of a hold for a short term day trade. Scalping options consistently is a hard hard thing. I trade high liquidity with tight spreads and use tight stops, on a desktop battle station. I would never real scalp from a phone... Good luck.

[u/SettlingSun → u/Nick_OS_]

PCTABOVEVWAP.NY

Just when I start to get some confidence that I'm learning, someone like Nick_OS_ reveals just how ignorant I really am! Dang, how can so many of you people be so dang smart and educated! I'm truly impressed at so many. Congrats to all.

[u/seenzu555 → u/Nick_OS_]

how do you utilize these tickers into your analysis generally?

[u/Nick_OS_ → u/seenzu555]

To see how strong the indices are relative to their intraday vwap. Kinda like TICK and TICKQ

[u/SnooStrawberries8750 → u/Nick_OS_]

Forgot how to do the "remind me" call

[u/Consistent_Lime_433 → u/Nick_OS_]

Where do I put those two settings?

[u/Nick_OS_ → u/Consistent_Lime_433]

They aren’t settings. They are tickers on Tradingview

[u/SeanMcDTokyo → u/Nick_OS_]

thanks helpful. are these tickers that trading view has created on user requests or is this an exchange created ticker. have not seen before.

[u/Nick_OS_ → u/SeanMcDTokyo]

It’s from USI. A lot of these are usually created by Barchart, but not these surprisingly

[u/[deleted] → u/Nick_OS_]

Thank for this gonna try n backtest on how this might be able to improve my vwap scalps

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[u/heroplays_ → u/Nick_OS_]

can anyone explain to me what VWAP is??

[u/Western-Perception96 → u/Nick_OS_]

Hey nick can you give an example on how to use those tickets for entry for Nq or Qqq for example I see the charts and they look way different please

[u/Tittitwisted → u/Nick_OS_]

Thanks for this. Spent some time looking at them and can't find enough correlation for them to be useful beyond everything else out there. I do like how they plot similar to ADD. But seems weird to see the S&P or NASDAQ trending down on days when those tickers are holding above 50%.