#DayTradingStrategy Day trading is a trading strategy that takes advantage of daily price changes of an asset by buying and selling the asset on the same day before the market closes. Here are some common day trading strategies:
- *Following Price Trends*: Buying an asset when the price shows an upward trend in the last 1-4 hours, assuming the price will not drop in the near future.
- *Buy Assets When There is Good News*: Buying an asset when there is good news circulating about the asset, as good news can increase the asset's price volatility.
- *Countertrend Trading*: Trading with the assumption that the price movement trend of the asset will reverse shortly, requiring an understanding of technical indicators such as doji candlestick and reversal patterns.
- *Scalping*: Buying and selling assets within minutes or seconds to gain small but repeated profits throughout the day.
To succeed in day trading, it is important to ¹:
- Determine the maximum loss level and set an automatic cut loss system
- Start trading with small amounts and minimize the use of leverage facilities
- Avoid busy trading hours and conduct technical and fundamental analysis before making trading decisions
By understanding the above strategies and tips, you can increase your chances of success in day trading.