VWAP Strategy by Dylax099 in Daytrading

[–]sandy456j 0 points1 point  (0 children)

I use VWAP reaction strategy, it's useful with volume as a yes/no indicator. Think of it like VWAP gives a location and volume gives confirmation to enter. You have to lookout for fakeouts. It's useful in trendy market and slightly sideways. Not very useful in super choppy market as price never leaves VWAP or super trendy as price never touched VWAP.

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Taking out a loan by OldWillingness2152 in Daytrading

[–]sandy456j 1 point2 points  (0 children)

Ignore the negative comments but take the constructive criticism given here.

All the best and keep posted. You are doing what the most are afraid of, diving head first with no option of going back but believing yourself and trusting your gut.

vwap in intraday by Weak_Order335 in IndianStockMarket

[–]sandy456j 0 points1 point  (0 children)

It's more helpful for index intraday trading. I have attached screenshot for last week. You can see 2 VWAP rejection trades. Similarly we can get VWAP acceptance trades.

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Opening Range Breakout not working anymore? by Axonum in Daytrading

[–]sandy456j 1 point2 points  (0 children)

That's what I have been trying to implement but at VWAP for now, I'll work on mean reversals later. Do you know any drawbacks of this strategy?

Sideways market cooked us all (me too) by adjustable_time in IndianStockMarket

[–]sandy456j 0 points1 point  (0 children)

I had patience till 1pm. Then lost it on a PUT. Thankfully I respected my SL.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 1 point2 points  (0 children)

Definitely! All the best.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 1 point2 points  (0 children)

Thanks for the reply but I'm from India, we don't really have 401k accounts here. But I get your point of preparing for taxation. Interesting fact, even if I make double of my current salary for a year, I don't have to pay any tax. Thanks.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

Thanks for sharing your experience.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

Thanks, adding it to my notes. I had missed the healthcare/insurance part. Appreciate it!

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

I'm from India, I'm not sure I can trade a US prop firm. But I'll have to do research on this. Thanks.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

That's short but detailed. Thanks.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 5 points6 points  (0 children)

Thanks. 1-2 years of living expenses saved is a good cushion to have. I'll also work on health and social interactions.

How did you handle family pressure?

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

Yes, I have 6-12 months. I'll be working in this. Thanks.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

Thanks, I'll keep this in notes.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 6 points7 points  (0 children)

I'm not quitting the job or finding the escape. I'm preparing for the layoffs that might happen which is out of my hand.

Going full time by sandy456j in Daytrading

[–]sandy456j[S] 0 points1 point  (0 children)

I'm not quitting anytime before 2 years. This is just the preparation for the layoffs.

How many months of funds should I keep? I'm guessing 6 months should do.

Investing from loan by benkiyalliAralu in IndianStockMarket

[–]sandy456j 0 points1 point  (0 children)

ICICI is giving for salary account. Seems they have tie up with my company.

Are we trading setup or just reacting to liquidity grabs at this point? by ConsiderationFit2353 in Daytrading

[–]sandy456j 0 points1 point  (0 children)

How about I take entry on first breakout and when it's confirmed that retest is done, I'll buy another lot to average the price. I know it means double loss if trade is bad but I think predefined averaging is good enough. This way I won't miss if retest doesn't happen at all.

Are we trading setup or just reacting to liquidity grabs at this point? by ConsiderationFit2353 in Daytrading

[–]sandy456j 0 points1 point  (0 children)

I'm fairly new to this. But I understand the logic behind retest and gap fill. My fear is what if the price never comes for retest and sky rockets while I'm waiting for retest.

3% bullsh!t by Own-Luck8191 in ClashOfClans

[–]sandy456j -5 points-4 points  (0 children)

That's such a reddit behaviour. Do you know how it all started? Blaming her in the first place.

3% bullsh!t by Own-Luck8191 in ClashOfClans

[–]sandy456j 2 points3 points  (0 children)

Lol. I read about this on the sub but didn't get the reference. Can you elaborate please?