Day trading is a strategy where I open and close trades within the same day to capture small price movements for quick profits. My main focus is to analyze strong support and resistance levels on the 15-minute or 1-hour chart before entering a trade. I prefer trading BTCUSDT or ETHUSDT pairs due to their high liquidity and volatility.
My day trading strategy involves setting a clear stop loss and take profit target before entering any trade to avoid emotional decisions. Risk management is very important because small losses are easier to recover than large ones.
I use RSI and EMA indicators to confirm my entries. For example, if EMA shows an uptrend and RSI is above 50 but not overbought, I consider entering a long trade.
Always remember that discipline and sticking to your plan is the real key to success in day trading.