#DayTradingStrategy
🦄Strategies for Day Trading Success
Define a Clear Trading Plan
+ Why It Works: A well-structured plan keeps you grounded in volatile markets. It outlines entry/exit criteria, position sizing, and daily profit/loss targets.
+ How to Implement: Choose 1-2 strategies (e.g., momentum trading, breakout trading, or scalping) based on your risk tolerance and market conditions.
Set specific setups, like trading stocks with high relative volume (>2x average) or crypto with clear support/resistance levels.
+ Example: For momentum trading, target assets with strong news catalysts (e.g., earnings or crypto project launches) and use 1-minute or 5-minute charts to spot breakouts.
+ Backtest your strategy using historical data to ensure positive expectancy. Platforms like TradingView or Thinkorswim offer robust backtesting tools.
🚀$BTC