#DayTradingStrategy
š Day Trading Strategy: 5-Minute Opening Range Breakout
Trade breakouts from the first 5-min candle after market open (9:30 AM EST).
š Setup:
Assets: U.S. stocks or ETFs (SPY, QQQ)
Timeframe: 5-min chart
Indicators: VWAP, pre-market high/low, ATR
š Entry:
Buy: Break above 5-min high
Short: Break below 5-min low
Confirm with volume + VWAP support
ā ļø Avoid Trades If:
Weak volume
Choppy/range-bound market
Breakout > 1.5Ć ATR
š Stop Loss:
Just outside breakout candle
Or fixed 0.5ā1% risk
šÆ Profit Target:
2:1 or 3:1 risk/reward
Use EMA/VWAP to trail
š Risk Rules:
Max risk: 1ā2% per trade
Limit: 2ā3 trades/day
Follow a pre-trade checklist#DayTradingStrategy #BinanceHODLerLA #BinanceTurns8 #OneBigBeautifulBill $ETH