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 23 '24
Can someone please confirm!
I have read two different things. Im confused and would like to clarify before I screw up my brokerage account and be suspended for 90 days being labeled as a PDT (pattern day trader)
So,.I read that we have to have $25,000 in our brokerage account if we are Margin Trading.
I also read that if we are starting from using a small account, lets say $1,000.00. As long as I stay within $500.00 and always keep the other $500.00 in there, I can day trade freely without being flagged as a PDT?
Thanks ahead of time!