#DayTradingStrategy Day trading is one of the most challenging (and potentially profitable) trading styles in the financial market. But, contrary to what many think, it is not just pure luck or "hot tips". Having a solid strategy is essential to survive — and thrive — in the short term.
If you are starting out or want to refine your approach, here are some key points to build your #DayTradingStrategy:
🔍 1. Choose an asset and know it deeply
Stocks? Cryptocurrencies? Indices? Forex?
Choose a market and focus on it. Understand the volatility, peak times, key indicators, and events that affect the asset.
📊 2. Use technical analysis (and respect it)
Charts are your main tool. Learn candle patterns, support, resistance, indicators like RSI, moving averages, VWAP... Technical analysis is the day trader's map.
⏱️ 3. Define clear entry and exit points
Never go into "cheering mode". Know before you open the trade:
Where you enter
Where you take profit
Where you stop out if it goes wrong
Discipline is more important than being right all the time.