My Daytrading Plan

Discussion in 'Trading' started by Quanto, Mar 24, 2024.

  1. No stops. No day trading.
     
    #71     Apr 3, 2024
  2. Thon1960

    Thon1960

    My day trading plan revolves around thorough research, disciplined execution, and risk management. Each morning, I'll analyze pre-market news, technical indicators, and market sentiment to identify potential opportunities. I'll focus on liquid assets with high volatility, aiming for short-term profits. With a set of predefined entry and exit points, I'll execute trades swiftly, adhering strictly to my risk-reward ratios. Constant monitoring of positions allows for quick adjustments as per market conditions. I'll limit the number of trades per day to maintain focus and prevent overtrading. Consistent review and adaptation of strategies based on performance metrics will drive continuous improvement in my day trading endeavors.
     
    #72     Apr 4, 2024
    David Haley, birdman and tomi01 like this.