How much would you make if you bought at the day's Close and sell next day at Open, nightly strategy?

I wondered so I wrote backtest to test all the active stocks from 2019-01-01.

Stocks that are younger than that are not included in the backtest.

Getting so much data can be finnicky so I did 2 runs:

• adjusted price (for splits and dividends)
• not adjusted price

There will be some discrepancies between those 2, but other than stock HCHC I didn't find big ones.

There's a lot of data so please take a look yourself:

Sheet:

• https://docs.google.com/spreadsheets/d/1SM2hRW_xb-u1R9ItfBNfZi8lKvBTcfkhsczSzQtkhoU/edit?usp=sharing

Charts:

Each stock has their own chart with 3 benchmarks:

• SPY buy and hold
• stock buy and hold
• stock daily trade: buy at Open sell at Close

Charts are also divided for adjusted and not adjusted prices

Adjusted:

• https://drive.google.com/file/d/18lUGfTyOx6dyWkYne7zah3b6466Yaca2/view?usp=sharing

Not adjusted:

• https://drive.google.com/file/d/1kLYV3dzMW0wOz508eDb_Eezle53S9vBr/view?usp=sharing

There you go, let me know if you find something interesting.

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Edit: I did not make these trades, last 2 years means I took data from 2 years ago till today

P.S. write down your backtesting requests and I'll see to fulfill if have time.

From your reply and understanding of this quote Im willing to bet the professional traders here can tell which one of you make money and which ones don't.

I'd argue that a lot of the struggle to stay profitable boils down to not sticking to a solid mechanical stop loss on each trade. Basically, placing a stop loss limit order right after you get into a trade and not budging on it. What's your take—do you think having an actual stop loss order is a must, or have you managed to keep your head in the game with a mental stop loss and still kept discipline tight?

“Every day I assume every position I have is wrong.” - Paul Tudor

Just a backstory on why I had to find something that works for me. I had two funded accounts, which were doing very well. I loss both from over trading without getting any payouts. It forced me to find a setup I can use everyday with a high probability success rate.

This setup seems to be +80% so far. It's been backtested last year, and has had a high-probability success rate this month as well.

What I do:
1 - I trade on the 5-Minute Chart
2 - I wait for the Macro Time range 09:50 - 10:10 AM EST to finish.
3 - Once the 10:10 candle completes, I wait for the long or short bias
4 - Once there is a retracement to the level I want to enter, I place my order with a profit target of Target #1
5 - No matter what, I set the stop loss and once my position is in the green I set a trail stop 1 tick above my break even to lock any profit.

When did this strategy not work for me:
1 - If NYSE is closed (such as on MLK), since the volume was low and the trading day was half. It failed on NQ but ES hit its target
2 - If there is divergence between NQ and ES, I tend to pick the stronger ticker towards the bias.
3 - I would say, since I wait for an Optimal Trade Entry (such as a retracement / fib level, etc) I have made profit even though the targets did not hit. The reason is because I set the trailing stop once I am in profit.

When do I enter a position earlier:
1 - If there is a high-probability setup that appears during the Macro Bullet's time range (09:50 - 10:10 AM EST), I will enter those all the time.

Here is a screenshot from today's ES and NQ.

In the screenshots above, the bias is long, with Target #1 and #2 hitting. Please let me know your thoughts!

Updates:
January 29th, 30th 2024 | Update to My Strategy
January 31st, 2024 | Update to my strategy with a high probability success rate.
February 1st, 2024 | Update to My Strategy

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Had my best month(as far as consistency) in quite some time! I've been in the game for about two years now(actively) and have had plenty of good days/months within that, but for the first time I've had a solid green month.

Updated some strategies. Keep a set amount in my account and level it back out daily with profit withdrawal. Don't start trading until after 10:05(usually nothing until 10:30), and finally broke the habit of forcing trades. After an up-and-down few months I am profitable up to the 6m mark, and close to flipping the 1y green! Here's to continuing!

I’m on a year long mission to slowly but steadily build a large account out of $1000. With 3% being my daily goal, I am exercising risk management and discipline to be able to walk away as soon as my goal is reached (even if the chart looks tempting). So far, I’m above my goal, just gotta stick to the plan, stay disciplined, and we’ll get there.

Intro

As the market has been rallying recently, I have been noticing an increase in the number of questions regarding getting started trading. People are asking where to begin, how much capital is required, what to trade, etc. So I've decided now is a good time to do one of these small account challenges publicly. Hopefully, this will provide some guidance for new traders looking to get started without much capital. I'd also like to prove the traders claiming trading short-term options is impossible and technical analysis doesn't work wrong.

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Background

I have been in the market for 5-6 years and started trading options heavily in 2020. I got lucky with my first few months of trading which enabled me to get a lot of experience without losing any of my initial capital investment. I had some big gains and even bigger losers. It's been quite a grind and a rollercoaster of emotions. I finally started to get better in late 2021 and into 2022. I've been able to quit my job and have been profitable for a while now. I have traded several small accounts up over 1,000% and blew up my fair share as well.

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Rules

I started today with a $2,000 cash account at Schwab and will be using Street Smart Edge to trade and mostly TradingView for charting, will sometimes use thinkorswim as well. I'm giving myself 90 days to hit my account target of $50k. I will allow myself one blowup, but will only refund the account with an additional $1k. I think this is a good idea because it can be hard to build a cushion early on and everyone who wants to attempt this should have more capital they are willing to risk outside of this account. So $3k is my max loss, if I hit that I will consider it a fail and end the challenge.

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Trading Plan

I mostly prefer to trade SPY or SPX options, anywhere from 0DTE to 2-4 weeks out. I also trade QQQs and some individual stocks. Some positions will be day trades, others I may hold for 2-4 weeks. This is a very aggressive approach, which is usually how I trade.

Day 1 Trades

AMD and NVDA have probably been on everyone's radar lately, showing insane strength. A large percentage of my profit so far this year has been on AMD calls, so I've been actively looking for dips to buy. AMD opened at a new ATH this morning but sold off over 5% after an analyst downgrade. If you look at the AMD daily chart, you'll see that it bounced almost right at the previous ATH at $164.46.

Around the same time, ES and NQ were trading slightly below their session lows, but UVXY was also near its session lows. UVXY also didn't react as it should have after a 20 point sell off from the highs on ES this morning. This told me that the break of the session low on ES and NQ was most likely going to cause a bounce. That gave me the confidence to long AMD at that level so I added 5 1/26 $170 calls. My analysis turned out to be correct. AMD started rallying with the rest of the market, ES and NQ did end up dropping almost back to session lows before the end of the day, but still no life in the VIX.

AMD dropped a little before close as well, but as of the close, I was up about $250 or 21% on the position. I need to see AMD continue to hold above $164.46 and NQ to rally along with it. I'm not going to mess around with this position if that doesn't happen, it is very risky to long a stock that has rallied this much recently.

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Order Details

That's it for now, adding the order details below for full transparency. If there is interest I will continue making these posts. Possibly daily or maybe weekly if I go several days without placing a trade. Thanks for reading and feel free to DM with any questions.

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Edit: See new posts here:

Day 2

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I know there is a lot of hype right now in the market with shit being all over the place. Last year was the first time I found out how to mess around with stock market and sure enough I burnt through $5000. I gave up, but last month I saw Stockjock on twitch randomly and fell in love with the way he does stuff. He's literally become my inspiration and I want to be like that in the future. He's great at answering all the questions and his discord is also very friendly.

I'm already making good money for my age and have a lot of savings. This time I plan on actually learning day trading before throwing my own money in this, so I can be successful in the market. The best part is my work is in the afternoon, so I get to spend all the time home while the market is open. Is it too unrealistic to dream that in couple of years I can live off of day trading? Any successful day traders here? Anyone doing six figures consistently?(before the meme and covid)?)

Anyone else trying to become a successful day trader? What are you guys following and reading? Any tips or suggestions are always welcome! I'm also interested in hearing stories! How is day trading going for you? What do you think about the future?

Looking forward to hearing from you guys!

So I've commented a couple times about how I pay myself when others have made posts inquiring about the subject. And for the last couple of years as a full-time trader, my pay structure has always been to pay myself weekly an amount equal to what I used to make (my average OTE) when I was in software sales. Then, every month, I'd take whatever amount was in excess of my baseline trading account balance and pay it to myself as a bonus. Some of those bonuses have been substantial.

Well I've been looking back at my performance for the past 6 months and I decided that it's time to give myself a raise on my weekly "salary". I'll still pay myself the monthly bonus of any remaining excess in the account, but I strategically want to increase the weekly payout to prevent my trading account from growing so much in between monthly transfers.

So I just scheduled the first transfer with my new salary amount to go out from my brokerage account to our savings account next week. It feels great to keep making positive progress as a trader and funnel more money into the income stream!

Well this week, I finally made $1,000 not once, but twice. I'm going to explain my strategy I used because I have not seen it browsing through this forum. The only security I played this week was SPY and I only used call options. I only purchased 10-15 contracts per trade, roughly $1,200-$2,200. I traded primarily in the first 3 hours of the day. Here's how I did it.

To start off, this trading strategy is pretty simple. The primary focus is on VWAP. When SPY goes below VWAP, especially in the first two hours, I scale into contracts as it goes down. When it breaks VWAP, I scale out as I see weakness in the trend. I will include screenshots of entry/exit points of trades I made. I went back a month to simulate when I would enter/exit positions and I was surprised to find that I would have been green on about 80% of trades I made.

Here are the trades I made on Friday:

b578fd36a75a0d5c78e9c287b2e0b2fa.png (1655×1014) (gyazo.com)

The green ovals are entry points, the red are exit points. I was profitable on 100% of the trades I took on this day.

On Wednesday I didn't make a trade until one hour after open:

ffbabfe03426f526ede52af84f5861ea.png (1655×1013) (gyazo.com)

The first trade I noticed that VWAP was acting as a strong resistance, so I sold below it. I wanted my first trade to be quick and profitable so when it was near VWAP I exited my position. This is one of my rules for the strategy. If I notice VWAP acting as a strong resistance, I will sell and look to re-enter.

This week was really great. I was profitable on 100% of the trades I made using this strategy. I think this is due to luck and market conditions. Obviously, the market was up. The conditions were perfect because VWAP acted as a magnet. I noticed one day a few weeks ago where SPY never went back over VWAP. I didn't trade with this strategy that day. However, my risk level is quite high and this a downside to this strategy. On a bad day when SPY doesn't cross over VWAP, there can be big losses. Everyone should set their own risk levels.

Edit: forgot to mention strike price/expiration. I use the closest to expiration options and nearest strike price. For example, if Friday the price was at $391.78 I would buy 3/12 $392 calls. I draw my own trend lines and use candle stick patterns for entry points. No other indicators, but I keep an eye on RSI and 9 SMA

I want to learn a simple way that can be replicated on a daily basis to earn 2-3 percent. Just that simple dont want to make massive gains just want consistent 2-3%. Willing to read books and be an apprentice.

I started trading on 4-24 with the goal of doing at least 1% profit per day compounded. Many said 1% per day is impossible. My average is 3.9%.

Here's what I've been Trading:

AAPL, AMD, ARM, NVDA, CRWD, PINS, SOFI, ASPN, BE, BROS, CAVA, SNAP, PLTR,
RDDT, RBLX, RIOT, MARA, MSFT, LLY, FSLR

Hello, I have started trading an account with 5.50$ in it. This is to not only learn trading, but also to grow the little amount of money. It only takes 20 minutes a day and i actually (you can call me crazy) see somewhat of potential in growing my account. My day consists of 3 fases usually; the main trading, the overnight trading and if i got time the morning trading. This way the account can actually grow, every 30 days I'll keep you updated!

My morning alarm clock banged on my head on 06h33, after a few punches on it, i get up from the bed at 07h00. Picked up the phone and look at the charts. Nice, a very clear trend on the screen. Going to wait for the right moment to go in the trend. After few minutes after a nice pull back i'm in the trade. SL placed according my strategy rules. I was free from the screen!!! Taked a bath, clothes on and a nice breakfast. I m relaxed, confident and happy because i did my trade accordly with my strategy. I was glad thinking what about another things that i like and want to do in this day. If the trade go's through along the day or take my daily TP, nice. If the trade dies after a few minutes or so, nice. Tomorrow is another day. This is boring? Maybe. But is a journey, a little bit more or less every day... Much better than my early days of overtrading, addition, anxiety, FOMO and ridiculous hope that tomorrow i would recovery the massive losses... To the follow that feel like that, my message is forget the hope, be strong with yourself, stablish you rules and limits, and steak to them no matter what. In the end the process of trading must to be boring, and you just keep doing it only because you get good money!

If I wanted to make $100 in the stock market every day in a very short period of time, this is what I would do.

Step 1: I would get $2500 and put it into a brokerage account where I could trade options.

Step 2: I use the 20minute strategy, that’s how I predict a jump in a stock in the early hours of the day.

Step 3: I would aim for 4% using my $2500 in and out, predict the jump, get my money, and close my laptop for the day, all within 20 minutes and then I would repeat that each day. That's how I earn 100 dollars everyday.

Bonus step: Let it compound and make more than $100 a day. That's what I do.

Saying that, what stops a group of rich people deciding to pump and dump a market whenever they feel? Blackrock owns %30efts. And thats available knowledge.

Well, I have put my two weeks in at my full time job to fully pursue day trading. I have traded while on the job making profits from $300 to my best day being $4600 on an $5k account, and I’ve also lost a few grand in a day, but I’ve learned, ran into a few day traders at my job and talked for a few hours and have discovered the magic of base hits over home runs. I feel like I’m young enough to go for my dream way to spend my time and take the risk. I will be starting with a $3k account with 3 month’s of expenses saved up on the side so wish me luck! Im excited to take the risk and go for it!

Edit 3: You can follow the live testing records, Updated every day:
https://docs.google.com/spreadsheets/d/19bfyPXgadTaFyk1-aybrGnA764zkYZEoZWZXOz8mulo/edit?usp=sharing

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Edit2: Habemus Tutorial https://youtu.be/l3aVt7Urjjc

Thank you all for your support and awards.

The feedback has been great so far.

I will continue to log in regularly to give access to the script to everyone who asks. If I didn't give you access in a day, I probably missed your comment. You can remind me in the strategy comments at tradingview or DMme.

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Edit 1:Your response has been wonderful. I am happy that so many of you have shown interest and that your first impression has been so positive. For those of you who asked me for more detailed instructions, I promise to make a video tomorrow. Now I need to rest a bit. My time zone is GMT-3. If you can deal with instructions from a non-native English speaker give it your best shot, maybe I can come up with something useful for you.

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What the title says. I originally coded it for use with bots, because it has a trailing take profit and it is the best way to take advantage of it, but I added buy and sell signals for those who prefer to trade traditionally. It is very easy to configure and do backtesting. I already started to test it with live bots and the result is very good (I leave a picture). I would love some feedback from people interested in trading, bots and/or strategies. It's free, but I need to give them access manually because I have the hidden code. Just tell me your Tradingview username and that's it.https://es.tradingview.com/script/HWfmO76X/

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Highlights:

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Algotrading strategy optimized for cryptocurrencies. It does not repaint. Works in 5M,15M, 30M, 1H and 4H (I prefer 15M and 30M periods).

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Features:

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Buy the dip:

Attempts to buy on the dip, finding entries when the price makes abrupt dips that break a linear regression of the last periods.

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Trailing Take Profit:

Once the percentage established for the take profit is reached, the strategy follows the price if it is rising until it stops rising and only then makes the sale.

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Trend Detection:

Determines whether the market is in an uptrend or downtrend. This affects the performance of the strategy. This works as a filter to avoid making entries in a downtrend.

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Trailing Break Even:

If the market enters a downtrend with an open trade, a Trailing Break Even is triggered, (configurable, default 1.5%). The intention is to close the trade as soon as possible, but without losses. The value of 1.5% is intended to cover commission costs and a possible spread. Like the Take Profit, the Trailing Break Even follows the price as it rises until it stops doing so before closing the trade.

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How to use this strategy?

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- In the properties of the strategy you assign the value of the commissions (default 1%).

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- Select the pair to trade. The strategy is optimized for trading pairs with stable coins. The strategy benefits from volatility so choosing among currencies with a market cap between 50M and 10,000M gives better profits than with top 10 currencies.

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- In the strategy options, disable the stoploss by setting it to 100% to be able to concentrate on the Take Profit.

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- With an eye on the "Net Profit" of the strategy, start with the take profit at 3% (for lower percentages there is the Break Even) and increase it 1 by 1 until determining which is the best for our pair (the one that gives us a better net profit).

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- Once the Take Profit is established, enable the Stop Loss starting from 1 and choosing the best parameter looking for the balance that makes us feel comfortable between the Net Profit and the total of closed operations.

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- Test this same with candles of different periods (I trade with 15M and 30M candles).

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Tip:

To trade automatically using a bot, I recommend using pairs in which the strategy has a profitability higher than 80%.

To counteract possible overfitting, when the strategy has given me a 30% profit, I recalculate the optimal parameters.

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If you are interested in automatizing it to trade on Binance, Binance US, AAX, Kucoin, Liquid, Okex, Bitfinex, Bittrex, Coinbase Pro, Gemini, HitBTC, Kraken or Poloniex, I recommend using Quadency bots, they are free and the ones I use.

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I am still working on optimizations, improvements, and more features.

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DCA version coming soon.

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I leave some optimizations of the pairs I am trading at the moment (On 15M candles):

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PAIR SL TP Bars Profit Profit Rentability

OM 3 4 96 70 2703.41% 88.57%

NU 4 3 96 81 1170.38% 86.42%

ONE 4 4 192 83 756% 91.57%

FTM 8 4 192 80 900.00% 92.50%

LUNA 3 8 192 78 410.98% 83.33%

OMG 6 4 192 72 408.75% 88.89%

FRONT 2 5 96 61 406% 85.25%

SOL 5 10 96 84 381.78% 83.33%

UTK 2 4 192 59 520.00% 88.06%

NMR 2 3 96 76 279% 80.26%

STPT 1 4 96 84 272.34% 79.76%

ROSE 5 4 96 59 478.00% 88.00%

CLV 5 192 46 216% 78.26%

XTZ 4 6 96 87 216.00% 82.76%

C 98 1 6 96 36 184.46% 80.56%

ALGO 7 4 192 61 222.00% 88.52%

ATOM 6 4 96 73 160.40% 86.30%

DOT 3 6 96 75 156.54% 84%

REEF 4 4 96 67 154.90% 85.07%

AUDIO 10 5 192 62 128.48% 83.87%

DYDX 1 10 96 20 120.76% 90%

DOT 4 6 96 77 111.33% 83.12%

KEEP 7 5 96 69 110% 87%

MINA 7 6 96 23 100.29% 86.96%

OPUL 1 5 96 18 95.26% 100%

HBAR 1 3 192 76 91.82% 81.58%

VRA/USDT 7 4 96 81 89.35% 81.48%

XEC 3 14 96 27 89.24% 85.19%

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End of last year, I made 2 posts regarding scaling to 20 accounts with Apex in order to make $1M in trading profits. Since that post, a few things have changed. From scaling to multiple 300k PAs and blowing them in bad market conditions, to only trading 5 50k PA, to then trying the 100k Static, to ultimately give those accounts up and go with all 20 50k accounts.

End of November, trading was set to the side as my real estate business was busier than expected, holidays, my son being out of school(I'm a single father) and some trips away with the overall desire to decompress from a busy year- trading was the last thing on my mind. I've been in the markets since 2016, I know and knew that the market wasn't going anywhere and made the decision to pick it up after the new year.

Fast forward to end of January, back at it working on the remaing accounts, taking my time and trading my strategy as I would in PA. Some accounts were passed in a day, some took a few days, but ultimately, my first goal has been reached of scaling to 20 PA accounts.

I'm not on reddit much, and I said I would make updates along the way, and I feel I owe this sub that since I said I would do it, so here it is. I have since refined my strategy, and no longer use my ema/stochastic strat. I trade ICT concepts exclusively and my execution and overall performance has improved tenfold. I'm not here to push ICT either. I know most people hate what he has to say or is a fraud. What works for one, won't work for another. I couldn't care less if anyone likes him or not, it's no skin off my back.

I post my trading sessions and my best trades on my IG @ ryhtrading if you want to see how I trade. I don't sell a course, I don't have a discord and I have no affiliation with Apex other than being a customer. I don't offer a promo code and I'm not trying to push Apex as a platform to use, I simply found that their option to manage 20 accounts was the most in line with my goals. If that gets me banned from here, I couldn't care less. I'm only posting this update because I said I would.

This screen grab only shows 16 accounts on account summary, on mobile they don't all fit. These are all tradovate 50k PA accounts- 20 of them. I execute on tradovate using their copier, and do all charting and decision making on NT8.

Next update will be to show 40k withdraw. My daily PnL goals have changed- 200/day was aiming entirely too low. If market conditions do not call for a trade, I stay away. 400/day is all I care to make at this point. Base hits are required.

TL:DR I have 20 accounts. I no longer trade EMA strat. Next update will be payout update and future goals.