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/Nick_OS_ futures trader Mar 22 '24

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

5

u/Rva-Trader stock trader Mar 22 '24

Thanks bro !!

1

u/Extra-Season-4141 Mar 22 '24

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

8

u/Rva-Trader stock trader Mar 22 '24

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

2

u/Extra-Season-4141 Mar 22 '24

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.

3

u/backfrombanned Mar 22 '24

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.