#DayTradingStrategy
Essential components of any day trading strategy:
Identifying the entry point based on support and resistance analysis.
Activating a clear stop loss (illustrative example: 1–2% of capital).
Setting a logical profit target (illustrative example: 1.5 to 2 times the loss).
⚠️ These figures are for illustrative purposes only and may vary depending on individual trader circumstances.
Using technical indicators such as RSI, MACD, VWAP to support the decision.
Note: These indicators are not always accurate and should be tested on different types of markets.