How to ensure win rate is high?
Buy calls at support and puts at resistance
Trade highly liquid names to avoid slippage
Take advantage of breakouts
I’ll suggest just scalp every day
Don’t wait for 30% loss, use time based stop loss. 5m trade didn’t work, get out
#driptip
How to ensure you loose less?
Stop over trading
Stop chasing or FOMO
Stop buying weeklies on Thu
Don’t wait for 30% profit target. If it’s not working, sell for 10%
Stop trading strikes with wide spread
Which setups will work for this strategy?
Find setups with higher ATR and identify a trend 30 min after market open, ride the trend
Find setups with higher relative volume first 30 mins and ride trend
Find setups right at 10m 34-50 EMA and ride trend
#driptip
How to scan with these parameters?
Use finviz
Use trading view
Use thinkorswim (it’s free)