#DayTradingStrategy
The main objective is to take advantage of small price movements that occur throughout the day, and to close all positions before the market closes to avoid overnight trading risks.
Here are the details of common day trading strategies:
Key characteristics of day trading
* Short-term: Trades are opened and closed within minutes or hours; positions are not held overnight.
* High trading volume: Day traders often make multiple trades in a single session to accumulate small profits.
* Liquid and volatile markets: Assets with high liquidity (easily bought and sold without affecting the price) and volatility (large price changes) are sought to find profit opportunities.
* Technical analysis: Using charts, technical indicators, and price patterns is essential to predict future movements.