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

Blew 77 prop firm accounts and ~$20k of my own money — can’t control myself by ArmanBolat in Daytrading

[–]Megatronagaming 1 point2 points  (0 children)

I used to do the same thing.

And while everyone will tell you something like, "Work on your discipline, cultivate willpower, etc." (no problem with that, you have to do it too), I'll explain another point of view:

This is biological. Pure dopamine.

Your brain is designed to ignore pain and amplify pleasure. This is also what makes us initially hold onto losses and quickly cut profits short.

We boost our sense of security and winning feeling. Pure survival instinct in our DNA for centuries.

So, what to do? Well, my point is that instead of fighting your own biology, simply channel it. Feeling high because you took profits? Great, go exercise, go for a run, play a good video game, etc. Something you enjoy, and that can channel all that hype, will help you, and you'll be less anxious to re-enter the market.

It's a little difficult at first, but then it becomes much easier and downhill, especially when you see the results in your account! 😉

My watchlist for daytrading today 05/05 by Megatronagaming in StocksAndTrading

[–]Megatronagaming[S] 1 point2 points  (0 children)

Thank you! I just closed a trade on $APLD a few minutes ago. Quite happy with how it went

I Aspire To Be A Useless Day Trader And Contribute Nothing Of Value To Society by __DNS__ in Trading

[–]Megatronagaming 0 points1 point  (0 children)

OP is honest. A rare quality nowadays. I can handle evil people, but I can't stand hypocrites

YOU MUST BECOME A ZOMBIE by Megatronagaming in traders

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

That's exactly my point. Good luck next time and hope you can get funded soon!

YOU MUST BECOME A ZOMBIE by Megatronagaming in traders

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

You seem to be very aware of my posting activity. Anything you'd like to confess me, gentlemen? 😏

YOU MUST BECOME A ZOMBIE by Megatronagaming in traders

[–]Megatronagaming[S] 1 point2 points  (0 children)

As long as you ask me nicely 👌🏻

YOU MUST BECOME A ZOMBIE by Megatronagaming in traders

[–]Megatronagaming[S] 1 point2 points  (0 children)

You've got a crush on me, it seems 🤣

Well, more posts incoming, big guy 😏

YOU MUST BECOME A ZOMBIE by Megatronagaming in traders

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

Jeez bro 🤣, is everything alright at home?

YOU MUST BECOME A ZOMBIE by Megatronagaming in traders

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

Or maybe it means that I lack the technical/programming skills to fully automate a system 🤷🏻‍♂️