#DayTradingStrategy
#DayTradingStrategy ✅ 1- Learn Before You Start
Do not enter the market without knowing the basics:
What are the cryptocurrencies or stocks you are trading?
How do you read candlesticks and technical indicators?
What do support and resistance mean?
📌 Start with a demo account for practice.
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✅ 2- Set a Clear Trading Plan
Determine:
When do you enter the trade? (Entry point)
When do you exit? (Take profit or stop loss)
Risk percentage for each trade (Do not risk more than 2-3% of your capital).
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✅ 3- Use Technical and Fundamental Analysis Together
Technical analysis: To determine the trend and entry points.
Fundamental analysis: To know the news that might move the market (like interest rate decisions or currency news).
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✅ 4- Don’t Be Greedy or Fearful
The biggest mistakes traders make are:
😅 Greed = Leaving the trade open until it reverses against you.
😨 Fear = Closing the trade quickly before reaching the target.
💡 Solution: Always stick to your plan and do not let emotions control you.
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✅ 5- Monitor Liquidity and Whale Movement
Sometimes strong liquidity or the entry of large investors (whales) indicates a strong upward or downward movement. Use indicators like:
Volume (Trading Volume)
OBV (On-Balance Volume)