Can Day Trading Really Be Profitable?
This paper analyzes the Opening Range Breakout (ORB) strategy in day trading from 2016 to 2023, including during volatile market conditions. It compares the performance of an ORB strategy using QQQ and leveraged ETFs like TQQQ against a passive QQQ investment. Results show that the ORB strategy, even with leverage constraints, significantly outperformed passive investing, yielding a 1,484% return compared to 169% for QQQ, demonstrating its potential for high returns in day trading.