Think I found a winning strategy
Here’s my P&L so far, started the strategy in September.
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I follow trends (death/angel crosses on moving averages, usually enter after a pullback/retest), never predict, always react.
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OCO always. With a firm take profit, and trailing stop loss I manually adjust. I always progressively move my stop loss first to breakeven, then to arbitrary higher levels to secure my wins and keep losses small.
My average win rate is 27%, calculated over nearly a year of day trading so fairly reliable. I target 130%+ gains on 0DTE SPY options, and set my stop losses at -13%.
Let me know your thoughts! Or questions. Will keep you updated next week as I can already see the “beginners luck” comments coming lol
https://i.redd.it/tr5los150ond1.jpeg
Posted by Ok_Bodybuilder_2384
4 Comments
10:1 RR ain’t too shabby! Whenever I see someone doing 100+% of their account in a few days or weeks, my concern is they could blow the account just as easily. Your 13% SL will definitely help protect you, but I’m curious what your strategy is as far as risk management goes.
Tell me more!
What ap are you using to track trades?
Be cautious about draw down. Variance goes both ways.
Being up that much that fast tends to point towards acceleration of habits which increases risk and bankroll.