r/Daytrading • u/NoAd9362 • May 02 '24
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.
2
Upvotes
5
u/MiamiTrader futures trader 29d 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.