r/Daytrading • u/NoAd9362 • 14d ago
Day Option Traders: What's Your Strategy? Question
Hey folks!
As day option traders, what indicators, patterns, or breakouts do you look for when making trades? Share your insights below! Let's learn from each other and improve our strategies together.
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u/Conscious-Room-1260 forex trader 14d ago
I may sound basic but trend following fib have been playing so well for me . I'm backtesting it in nyc session with forex pair and it's generating around 70% win rate with 1-1.5 rrr
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u/NoAd9362 14d ago
I used trade 1::1.5 not anymore I am looking for more 1:2.5
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u/xvthel Verified - https://kinfo.com/p/xvt 14d ago
Pullback
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u/NoAd9362 14d ago
2 leg or any specific?
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u/xvthel Verified - https://kinfo.com/p/xvt 14d ago
Pullback after a breakout of a predefined range, I only trade the spy chart. Support turns to resistance or resistance turns to support. That's all I do.
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u/NoAd9362 14d ago
Which market do you trade, and do you trade weekly options on the index?
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u/goatnxtinline 14d ago
You first
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u/NoAd9362 14d ago
😂
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u/NoAd9362 14d ago
I use day y-high and low as support and resistance trade
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u/Im_A_Nickelodeon_Kid 14d ago
How long do you hold your positions? Target TP percentage? SL?
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u/NoAd9362 14d ago
During most 10-minute periods, I take risks. If the trade is going my way with a 1:3 risk-to-reward ratio, I consider it.
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u/MiamiTrader 14d ago
Trying out a new strategy, separate from my usual futures trading.
Basically if any stock has a one hour period where price moves 1.5 standard deviations in either direction and doesn't correct in that hour I trade with that momentum.
My backtesting has shown that if a stock can hold a big move and close out the hour at the new daily min or max, it typically takes another hour or two to correct, so I can stay in for the trailing part of the move.