Peer-Reviewed Trading Research

Empirical academic research by Andrew Aziz and finance collaborators analyzing disciplined systematic strategies vs passive benchmarks.

Can Day Trading Really Be Profitable?

Can Day Trading Really Be Profitable?

Study of Opening Range Breakout strategy vs passive benchmarks showing sustainable long-term profits.

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VWAP: The Holy Grail for Day Trading Systems

VWAP: The Holy Grail for Day Trading Systems

Analysis of VWAP-based strategy performance on leveraged products from 2018–2023.

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A Profitable Day Trading Strategy for U.S. Equity Market

A Profitable Day Trading Strategy for U.S. Equity Market

Stocks in Play ORB research showing net performance above 1,600% with high catalysts and volume.

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Beat the Market: Intraday Momentum for SPY

Beat the Market: Intraday Momentum for SPY

Quantitative results for an intraday momentum strategy on SPY with Sharpe ratios above 1.3.

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The Volatility Edge: VIX ETNs

The Volatility Edge: VIX ETNs

Study on volatility strategies using VIX ETNs with low correlation to equities and disciplined execution.

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The Art of Financial Illusion

The Art of Financial Illusion

Investigation into how Martingale betting systems can mislead through statistical manipulation.

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Why Day Trading Beats Passive Buy and Hold
Why Day Trading Beats Passive Buy and Hold:
A comparison between the equity curve performance of the ORB day trading portfolio and the equity curve performance of passive buy and hold strategy in QQQ and TQQQ.

The Data Speaks for Itself

Our peer-reviewed studies show that a disciplined Opening Range Breakout strategy on leveraged instruments like TQQQ has dramatically outperformed passive buy-and-hold benchmarks over an eight-year period, while carrying lower drawdown risk during major market dislocations.

This isn’t a backtest cherry-picked from a single year. It’s rigorous, published academic work. The kind of edge that Bear Bull Traders is built on.

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