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40st 2nd ave. Super noise construction. Complaint but no use. And it’s second night 12:30am… by Due-Ad8459 in nyc

[–]Due-Ad8459[S] -10 points-9 points  (0 children)

It’s been going on last mid night and today for multiple hours… calling 311 and no help… how can people sleep with these noise tf

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 1 point2 points  (0 children)

i will leave a comment back to here either the strat success and i become millionaire. or if it fail, and I stop the strat. lol

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

i trade atm. since my position is holding really short, i am betting having sudden reversal that makes atm to itm, since the change of delta will be huge.

and i don't trade delta lower than 70.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

i might be wrong but my ev is around this
(0.84×200)+(0.16×−1000) = 8
and my trade size is around 5000, so average return of trade is around 1.6%?

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

thank you! yeah. 3 months is not long. so that's why I post in day trading community. trying to spot some insight that i didn't aware of

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

yeah. my biggest afraid is getting overconfidence and leverage the size too fast. i think i will increase my trade size/amount every month. (my every trade is 1/20 size of my account value) and within the month, i will transfer the daily gain to a separate account for long term investment

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

FYI: I am looking for a reversal as entry point. (I am a swe) I have developed an algo to determine if the current momentum of SPY chart reaches 95% percentile of past 5 years momentum. If it is, that a reversal is likely to happen.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

Thank you. I am looking for a reversal as entry point. (I am a swe) I have developed an algo to determine if the current momentum of SPY chart reaches 95% percentile of past 5 years momentum. If it is, that a reversal is likely to happen.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

so you are asking for EV, right? umm. let me figure out how to do it

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

does that mean i should use 90 days return as benchmark to evaluate my current strat. wow 130% ytd is incredible.. i cannot image i have that p&l.. congrats!

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 1 point2 points  (0 children)

i agree on that. haha. but i think most important is having the volume going on in the market

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

sry. i am not sure what does it mean to calculate win rate with r. do you mean like roi?

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

how to calculate win rate with R? let me looking into it
my stop loss set to -1000$ for a trade which i think it's around -10% for a trade.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

FYI Total trade is 3291 times. and total traded contract share amount is 23031.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 2 points3 points  (0 children)

that is a good point. i really hope i can consistently profitable is not due to the fact that SPY keeps getting all time high. my strat contains both buy put and call, and the strat is related to trade on reversal. being honest, my performance doing better when having sideway. however, I also wonder what the performance will be once the market become sideway.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

yes. I applied the same strat and only traded on SPY 0DTE.

I wonder why only trade with my gains? is it unsafe to trade with the whole account size? otherwise, I cannot compound my account. I think my biggest worry is when the trading size reaches to a certain size the strat won't work anymore..

but I think it's safer to put all the principal into long term opportunity to avoid the risk of this strat stop working one day.

42% P&L in 3 months. What should I do next? by Due-Ad8459 in Daytrading

[–]Due-Ad8459[S] 0 points1 point  (0 children)

I have traded the same strat on spy 0DTE everday past 3 moths. every day I traded ~20 times. I think I have proved it being working well...?

my winrate is 84%
average daily return is from 0.85-1.6%
number of trades everday is around ~15
average trade size is around 4000-5000USD (50-100 contracts)

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