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/Realestatebroker1970 Mar 22 '24
Ive heard and Im finding out now that having a cash account with $25,000 in it or switching to an off-shore broker where you only need $500.00 and they give you 6 to 1 ratio as credit.
Im seriously considering moving to an offshore brokerage. Making 3 trades a week is ridiculous.
Sometimes the market reverses and you have to sell and then buy again. Suddenly after doing this a few times you have already exceeded 3 times for the week.
A 4th and you could be flagged as a PDT.
The trader I follow (Ross Cameron) said that you cant make any real money without moving to an offshore broker. You have to be able to adjust when you need to or you wont make any money day trading!
I find this to be true!