#DayTradingStrategy

📌 #Day_Trading_Strategy – Key Elements

1. Market Selection

Choose highly liquid markets to facilitate quick entry and exit:

✅ Stocks (like AAPL, TSLA)

✅ Cryptocurrencies (like BTC, ETH)

✅ Forex (like EUR/USD)

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2. Time Frame

Use charts with time intervals:

1 minute, 5 minutes, or 15 minutes for short trades.

🔍 Combine it with hourly or daily charts to confirm the trend.

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3. Entry Strategy

Popular methods for entry:

Breakouts – Buy above resistance or sell below support

Retracements – Enter after price correction towards a moving average (like EMA 20 or EMA 50)

Volume Confirmation – Ensure there is high trading volume during breakouts

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4. Technical Indicators (Optional)

EMA 9 / EMA 20 – To determine short-term trend

RSI (14) – To identify overbought/oversold areas

VWAP – Volume Weighted Average Price (used by big traders)

MACD – To identify momentum changes

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5. Risk Management

💣 Do not overlook this point:

Risk only 1-2% of your capital on each trade

Set a stop loss based on market volatility (like an SL based on the ATR indicator)

Take Profit is usually 1.5 to 2 times the risk

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6. Mindset and Discipline

Stick to the plan, do not enter out of fear of missing out (FOMO)

Cut losses quickly

Do not revenge trade

Record every trade in a trading journal