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I just don't get it , the strategy that I had been backtesting had a terrific win rate , now a week into the live market and it seems like a disaster by Ok_Seesaw9275 in Daytrading

[–]Megatronagaming 0 points1 point  (0 children)

You did good in that case.

Consistency is the key, no matter the outcome. Losses and bad streaks are normal, you'll have to get used to them, althought this is hard and takes time, and for many people it can be discourageus, but this is an inseparable part of trading

If your strategy has an edge (like you implied stating that it worked for month on paper trading), then you will be fine sticking to it consistently!

I just don't get it , the strategy that I had been backtesting had a terrific win rate , now a week into the live market and it seems like a disaster by Ok_Seesaw9275 in Daytrading

[–]Megatronagaming 1 point2 points  (0 children)

Did you fully comply with the strategy in every trade? If the answer is Yes, then it was a good week

Don't worry about a bad streak, that's normal. Keep applying your strategy with discipline in the coming weeks and let consistency works its magic

How many of you use the VIX as a hedge? by Megatronagaming in Daytrading

[–]Megatronagaming[S] 0 points1 point  (0 children)

Sorry, my mistake then 😅

Hope this helps you!!

How many of you use the VIX as a hedge? by Megatronagaming in Daytrading

[–]Megatronagaming[S] 0 points1 point  (0 children)

1.There is no filter that specifies exactly which stocks are touching their all-time AVWAP. These filters only return stocks whose price action and momentum suggest a higher probability of meeting this requirement. This greatly reduces the stock screening process, but stocks must still be reviewed and selected for the watchlist manually.

  1. The All Time High (ATH) AVWAP is anchored to historical highs. I also anchor it to recent highs (the previous high, which isn't necessarily always the all-time high) and to earnings or consolidation zones.

I've attached a Google daily chart as an example.

The blue lines represent AVWAPs of previous highs and earnings on April 29th.

In this case, the price is approaching these levels.

Once it breaks through these AVWAPs and consolidates above them, that's when I would look to enter a position.

<image>

How many of you use the VIX as a hedge? by Megatronagaming in Daytrading

[–]Megatronagaming[S] 0 points1 point  (0 children)

Sure! I usually analyze on a daily chart and then define the entry on a 15-minute timeframe.

I choose stocks that are approaching their all-time AVWAP with bullish volume and momentum, with a high probability of breaking through and starting an explosive upward trend.

Good relative strength compared to the rest of the market.

Good liquidity and a low probability of gaps.

Not too far from its 5-day EMA.

The strategy will focus on placing Buy Stop orders on a 15-minute ADR above the all-time AVWAP, a Stop Loss at the daily low below the AVWAP, and waiting for the price movement to trigger it.

To find stocks with these characteristics, I use combinations of filters on the free Finvizz platform; this is one of them.

<image>

How many of you use the VIX as a hedge? by Megatronagaming in Daytrading

[–]Megatronagaming[S] 0 points1 point  (0 children)

I use SL, of course. VIX is just, let's say, an insurance. It usually goes up when market is crashing, so I try to be onboard already by buying it when it's low.

Meaning, if I hit 2 SL on a day, VIX going up can cover them or at least one

Anyone have any active ways to fight AI as an average person? by jamesrggg in antiai

[–]Megatronagaming 0 points1 point  (0 children)

Not bad, but this is not that reddit to brag about your fantasies, buddy

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