#DayTradingStrategy
Simple Methods Day Trading Strategy:👈
Day trading is the practice of opening and closing trades within the same day to capitalize on price movements while avoiding overnight risk.
All positions are opened and closed within the same market session.
Day trading requires quick decision-making, in-depth market knowledge, and effective risk management.
Entry Decision: Buy at $50 per share, anticipating a rise to $52.
Execution: If the stock reaches $52, the position is sold for a $2,000 profit.
Risk Management: Set a stop-loss at $49.50 to limit potential losses.
Timing: The most active trading periods, like the market open and close, often provide the best opportunities.
How do you keep emotions in check and manage risk during fast markets?