The Art of Day Trading
Day trading is an intensive strategy focused on quick profits within the day. Key approaches include scalping, which involves making numerous small trades, and trading based on support and resistance levels using technical analysis. Success requires a clear strategy, adherence to risk management, and quick responses to market movements. The use of stop-losses and take-profits helps limit losses and secure profits. Emotional discipline is as important as technical skills: a trader needs to avoid impulsive decisions, remain calm, and strictly follow the plan.
My strategy is to trade based on key levels and candlestick patterns. I control emotions through time-outs and fixed entry rules. Risk is no more than 1% per trade.