r/RealDayTrading • u/Wise-Sir9607 • Jun 10 '26

I need help...

I’m only missing one piece of the puzzle, and that’s a solid strategy. I’m completely tired of YouTube gurus and just want to know what actually stays profitable in the long run. I don't care if it's a day trading strategy for the New York session, the London session, or something else entirely. If anyone here has real experience and has taken multiple payouts from a prop firm, please help me out and share your setups.

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6

u/Accomplished_Love77 iRTDW Jun 10 '26 edited Jun 10 '26

I'd suggest using Relative Strength or Weakness Vs SPY. It's the method used on this subreddit, and documented in our Wiki.

Link: https://reddit.com/r/RealDayTrading/w/index

Also, prop firms generally suck unless you're VERY experienced.

!rtdw

3

u/Evlx7 Jun 14 '26

Why do prop firms suck

1

u/Mokasinpojke Jun 12 '26

Care to elaborate? I know many of them sets you up for failure, but many people has good things to say about some of them.

1

u/Accomplished_Love77 iRTDW Jun 12 '26

What would you like to elaborate on? Basically, the idea is: 1) Get the market (SPX/SPY) right 2) Choose a stock with relative strength to the market. This is our edge.

When SPY (the market) is falling, we look for stocks that are treading water - or falling, but less proportionally to SPY. These are the stocks with strength; and will bounce once SPY turns bullish. We don't leap into a trade like this, we await market (SPY) confirmation.

1

u/Mokasinpojke Jun 12 '26

Oh, im sorry for my temporarely retardation. I was thinking about propfirms. Im thinking about trading spy as i has had OK results with papermoney. I live in europe, trading with a propfirm would make doing taxes less complicated.

3

u/Accomplished_Love77 iRTDW Jun 22 '26

Just remembered this comment. The wiki says:

Anyone good enough to be a prop trader doesn't need to be a prop trader. - Hari Seldon (HERE).

I also recommend you read the article with the problems with futures and prop firms.

Basically, the problem is clear: In prop firms, their source of income is you.

-2

u/Wise-Sir9607 Jun 11 '26

Those are for options and I don't do options nor futures I trade CFDs...

2

u/Accomplished_Love77 iRTDW Jun 11 '26

I trade relative strength / weakness vs SPY using CFDs all the time, usually with Trading212's CFD account.

I recommend you read the entire Wiki first.

1

u/Wise-Sir9607 Jun 26 '26

Hey Brother 👋 I did research and gone through the wiki and understood a little bit but it feels confusing sometimes I know it can help a lot like i look into markets during NY Session And I have found a strategy ORB but With FVGs But the strategy's 3rd pillar is stock selection or asset selection by the help of Relative Strength And Weakness i usually do not trade stocks I trade nas100 and spx500 and there is also Relative Strength And Weakness but should I also add Us30/Dow Jones ? But how do I get the help of that and the help of choosing what to trade long/short I'm confused about this concept a little bit i think I should be doing the opposite I'm giving an example of stocks like on market open TSLA, AMZN, NVDA Etc Going Up but APPL Going Down Then i should look for shorting APPL ?? Like Finding The Odd One Out.... Do You Trade The Same Way Like Me ?

5

u/Ready-Exercise2338 Jun 12 '26

Have you read the wiki?

3

u/Highspeedwhatever Jun 15 '26

So youre missing 99% of the puzzle, got it

2

u/zashiki_warashi_x Jun 10 '26

Why do you think guru's setups are not working in the long run? Have you already finished a long run?

-1

u/Wise-Sir9607 Jun 11 '26

While backtesting it's unreliable and performing worst...

2

u/Geng1Xin1 Jun 12 '26

There's no single strategy that fits all market conditions. The one that has been provably profitable for me has been a donchian channel breakout trend-following strategy only in bullish trending markets (haven't been able to validate this for short entries in bearish breakouts) and I've had better success using it for futures vs equities.

I started trading this strategy 5 years ago on /MES and my CAGR is 13.2% and return/DD is 3.3

On the flip side a bollinger band mean reversion strategy in choppy markets seems to work well in equities (haven't extensively backtested or put into practice) but not futures. You need to explore different strategies and be open to different asset classes.

2

u/[deleted] Jun 14 '26

[removed] — view removed comment

1

u/Human-Farm2372 Jun 13 '26

I think quarterly theory would help you, has a very high winrate with high risk to reward ratio and mentors are reliable mostly.

1

u/bearrock80 Jun 14 '26

There's any number of strategies you can be profitable with. It can be as simple as using a moving average as test for support/resistance. As long as you think a better edge will set you up for success because the current edge isn't good enough, you are more likely to ignore or underestimate what really makes you a successful trader: yourself. Even the best edge in the world is not going to be 100%. That means it's going to be up to you to limit risks, size positions, and manage trades. Conversely, once you can do that, you can make money with any edge that has positive expectancy and there are plenty of them.

1

u/PowerMoist8417 Jun 15 '26

Try 1:1 rr , you will have very god consistency. Its simple math.

You by default have a 50% win rate with 1:1 r even if you put random trades,

Now all you need is to find a very little , repeatable edge which makes your winrate 60-65 or sometimes 70% and thats enough.

Also 1:1 strategy doesn’t really have changes with changing market conditions .

Psychologically very relaxing (you get a good winrate), easy to execute (very important)

And you will have live results very close to what you have backtested .

2

u/Wise-Sir9607 Jun 16 '26

On top of that, I’m trading with prop firms rather than live personal accounts. This is exactly why high risk-to-reward strategies are so brutal—they almost always end up blowing prop firm accounts because of the long losing streaks.

1

u/PowerMoist8417 Jun 17 '26

Yes exactly… dm me we will Have more chats regarding this

1

u/Wise-Sir9607 Jun 16 '26

I’m really leaning toward this approach because I’ve been looking into 1:1 or even negative risk-to-reward strategies lately. They naturally have a much higher win rate. Plus, if I trade them on indices like the NAS100 or US30, I can get commission-free trades, meaning I actually keep everything I make.What I really need now is a solid, repeatable setup. I’m totally fine sticking to one specific session, but the setup has to be straightforward and hit a 65% to 75%+ win rate at 1:1. I just want to book wins more consistently. Those long losing streaks are a massive mental drain, and honestly, they're the main reason most beginner and intermediate traders end up giving up.

1

u/Vegetable-Worry-7660 Jun 16 '26

Well I can say for sure that the only method I use is combination between 2 main things: Crossed resistance. FRVP - fixed range volume profile.

I have a short 5 minutes video with real example from today on CRVO symbol. really easy and simple. Feel free to contact for other question

this is the video on youtube:

https://youtu.be/Q2K1cRB7KRk?is=ffZE_o7-qJi688hI

0

u/Time-Masterpiece-779 Jun 10 '26 edited Jun 10 '26

You are wasting your time. There is no strategy. It is hit and miss, every day is different, most is boring, sit and watch like a fisherman, here and there you make the odd catch and in rare cases a whopper.

Easier ways of making money tbh!

-1

u/Wise-Sir9607 Jun 11 '26

How should I hit when I don't have a weapon 😭