#DayTradingStrategy
đ What is Day Trading?
⢠Day trading means buying and selling within the same day (no positions held overnight).
⢠The goal is to make profits from small price movements in a short time.
⢠You need:
â Fast decisions
â A plan (strategy)
â Risk management
⸝
đ˘ Strategy 1: Beginner â Moving Average Crossover
This is one of the easiest strategies for new traders.
đ What are Moving Averages (EMA)?
⢠EMA = Exponential Moving Average.
⢠It smooths price data and shows the trend direction.
⢠A âfastâ EMA (like 9) reacts quickly to price changes.
⢠A âslowâ EMA (like 21) reacts more slowly.
đĽ How does it work?
When the fast EMA crosses above the slow EMA, it means the price is moving up (buy signal).
When the fast EMA crosses below the slow EMA, it means the price is moving down (sell signal).
â Steps:
1. Add 9 EMA (fast) and 21 EMA (slow) on your chart.
2. Watch for a crossover:
⢠Buy: When 9 EMA crosses above 21 EMA.
⢠Sell: When 9 EMA crosses below 21 EMA.
3. Place stop-loss just below the last support level.
4. Target 1.5x or 2x your risk.