Atlanta, GA, USA
Market Wizard
Experience: Advanced
Platform: MC and Jigsaw
Trading: ES, MES
Posts: 1,833 since Mar 2013
Thanks Given: 3,001
Thanks Received: 2,159
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Hello,
Anyone use VWAP SD bands to day trade options? If yes, please help me with the strategy.
This is what I have been thinking...
If the underlying stock price (AAPL or SPY or any fav stock) pierce thru 2nd SD band (Lower or Higher) then wait for some time to see if it touches the 2nd/3rd SD band and take opposite trade for scalping. Stop loss at 20-30%.
With the way HFT is going on this should be a decent strategy what do you think?
Disclosure - I did tried few but I am unable to book profits or close out quickly mainly due to my mentality which I need to control.
futures.io (formerly BMT)rader
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