#DayTradingStrategy

Day Trading Strategy: Momentum Trading

Objective: Capture profits from short-term price movements using momentum indicators.

Key Components:

1. Indicators: RSI (14), Stochastic Oscillator, and Moving Averages (50 & 200).

2. Entry Criteria: Buy when RSI < 30 and Stochastic Oscillator < 20, indicating oversold conditions. Sell when RSI > 70 and Stochastic Oscillator > 80, indicating overbought conditions.

3. Risk Management: Set stop-loss orders (2-3% below/above entry price) and take-profit targets (2-5% above/below entry price).

4. Time Frame: Focus on highly liquid stocks during peak trading hours (9:30 am - 11:00 am EST).

Tips:

1. Stay disciplined and patient.

2. Monitor market news and trends.

3. Adjust indicators and risk management according to market conditions.