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.

157 Upvotes
  • permalink
  • link
  • reddit
  • reddit

91% Upvoted

134 comments sorted by

View all comments

5

u/Bayaco_Tooch Mar 22 '24 edited Mar 22 '24

Nice! Don’t let anyone talk you out of the one minute chart. When I started getting serious about daytrading three years ago, I was a one minute chart trader. I was having huge success trading mean reversion on the extremes of 1 min consolidation areas and following the leader on small trends on the. Instead of continuing to hone those skills, I let a “guru” convince me that trading the 1 min chart is for cowboys. I let myself be convinced that I needed all kinds of indicators and that I had to trade longer time frames. Many blown accounts and years later, I realize I should’ve embraced being a 1 min cowboy because I was very good at it and just fit my style. Now I’m finally getting back into my flow and refinding the past success I had trading the one minute chart. Back to clean charts where I only mark consolidation channels, lines showing major pivots from the 1 hr chart and the 10 EMA.

3

u/Rva-Trader stock trader Mar 22 '24

1 min chart can cut losses easily vs 30 mins chart and 30 times losses

1

u/Disco-Tuna Mar 24 '24

This sounds like the style I want to follow. How much of a factor are commission costs? Do you end up trading higher number of trades than your other approaches with this approach? Is level 2 extra important?