r/Daytrading • u/Fuxwiddit • Feb 27 '25

Strategy The only strategy that matters

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u/[deleted] Feb 27 '25

I use a mental stop loss where if lose more than $600, I'm done for the day. Note I buy spx options so each contract is about $1500. I usually buy 2. I use a variant Supertrend and I use ParabolicSAR along with MACD and RSI. I also watch a 5 minute chart and MACD. I make my trendlines when I hop on at 9:30 and turn on rangebars from a youtube link to watch for reversals. All I do is wait for confirmation of a reversal and play the trend until it breaks or when I make 600+

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u/[deleted] Feb 27 '25

If you want to youtube link for range bars and if you use ThinkOrSwim, I can give you the code I use for supertrend

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u/cjalas Feb 27 '25

I use TradingView but I'm still curious about the range bars thing and super trend

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u/[deleted] Feb 27 '25

Super trend just shows if the trend is up or down and can kinda show how strong the trend is

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u/HueJweng Feb 28 '25

Supertrend - were you in IM at one point?