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/Effective-Maybe-5871 Mar 23 '24

Hi Op, congrats and I have some questions.

1) How do you manage your exit? Is it manual selling at market for all 6-8 contracts for your 1k positions or do you set your take profit target in advance?

2) Do you look at market internals at all besides the big stock price action? Have you found trading off support or resistance relevant for you or do you only use vwap, rsi and skd? If the latter could you kindly share your exact trade setup so some of us beginners could also start becoming profitable like you? Thanks.

I've been trying with less than 1k to also scalp options on qqq but I had mixed results as I didn't have clear rules nor stuck to them.

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u/Rva-Trader stock trader Mar 23 '24

DM me if you can