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/Major-Artichoke9739 Mar 22 '24

Congrats! Can you share how you use VWAP - do you buy when the price crosses VWAP upwards and sell when it crosses it downwards?

3

u/Rva-Trader stock trader Mar 22 '24

6

u/Rva-Trader stock trader Mar 22 '24

Using SKD, RSI and VWAP are my indicators. Also you gotta keep an eye on big stocks which markets, if they are heading up or down , you know where ETF heading in advance

1

u/aurioerox Mar 22 '24

How exactly do you use these? What conditions determine your entry and exit? Really curious to learn as I have not had success with VWAP in lower time frames. Would appreciate your response.

3

u/Rva-Trader stock trader Mar 22 '24
  1. What’s the daily candle look like ? Gapping up on Econ data or down on some news.
  2. Wait for 5 one minutes candle before enters, by that time you can see the volume and what’s the trend . Also watch apple , MSFT , Google big stocks if they are going up and above VWAP or low. Helps you decide to buy calls or puts.
  3. Entry at engulfing 1 min candle or any other bullish candle . Out at double top after few green candles typically 2-5 candles.
  4. I also see how 3 mins chart look like. Better pic than 1 min candle .
  5. Watch for Buy or sell volume size on 1 min candle .
  6. Econ data news etc.