#BTCTrade

Day traders are similar to drift racers; either handbrake or full throttle. The fundamental principle of volatility-based stock trading is to make money from momentum. For example, if we take a look at the widely accepted levels of the market; classic techniques like "Buy when RSI (Relative Strength Index) is below 30, sell when it's above 70" are very valuable, but this alone may not be sufficient. Throughout the day, many stocks may have an RSI value drop below 30, and more criteria are needed to decide which ones to buy. However, a much smaller group of stocks may have an RSI value rise above 70 and stay there during the day. Therefore, as an alternative, a more aggressive method called "Buy when RSI rises above 70 and hold it as long as it stays there" strategy exemplifies the fundamental philosophy of momentum strategies. The perspective in this example can be applied to other indicators, even to the prices themselves.