#DayTradingStrategy "Day trading involves buying and selling assets within the same day to take advantage of short-term price fluctuations. Effective risk management is crucial; limit each trade to 1% of your total capital and use stop-loss orders to minimise losses.

Traders should focus on popular assets like Bitcoin and Ethereum, using one or two strategies. Trend following involves buying during dips in an upward trend and placing stop-loss orders below recent lows. Breakout trading entails entering positions when prices surpass resistance levels, also with tight stop-loss orders. Scalping involves making rapid trades for small profits.

Avoid high leverage, keep detailed trade records, and be aware of fees and taxes. For beginners, it's best to practice on a demo account for at least three months and start with small amounts to gain experience."