#DayTradingStrategy

✅ 1. Pick Your Market & Asset

Choose liquid assets (BTC, ETH, top stocks, forex majors) for tight spreads & easy entry/exit.

For crypto, BTC & ETH paired with USDT are popular for day trading.

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✅ 2. Set Up Time Frames

Use 5-min or 15-min charts for entries.

Use 1-hour or 4-hour charts for trend direction.

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✅ 3. Key Strategy Example: Trend + Support/Resistance

📌 Entry rules

Identify the overall trend (using 50 EMA or simply observing higher highs / lower lows).

Mark support & resistance zones.

Enter long near support in an uptrend, or short near resistance in a downtrend.

📌 Confirmation tools

Wait for a candlestick pattern (like bullish engulfing at support).

Or use RSI (30-70) to spot overbought / oversold.

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✅ 4. Set Stop Loss & Take Profit

Always set a stop loss (e.g. below support / above resistance by 1-2%).

Target 1.5x to 2x your stop loss distance.

Example: if stop is 1%, target 1.5-2%.

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✅ 5. Manage Your Risk

Never risk more than 1-2% of your account per trade.

If you lose 3 trades in a day, stop trading.

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✅ 6. Control Emotions

Stick to your plan.

Avoid revenge trading if you hit your daily loss limit.