Positonal Trading Startegies
In order to be successful in it you have to be very experienced in trading. The best traders have spent years honing their skills and they know how to do their research so that they dont lose money. Day trading is not just pushing buttons, besides being disciplined,you also you have to know how to read charts. Each trader has his or her own way,so before you get into it learn as much as you can about charting and then figure out which strategy fits your personality. Here are top 5 day trading strategies used by professional traders:
5 day top trading strategies:
Break out: Break out strategies center around when the price clears a specified level on your chart, with increased volume. The breakout trader enters into a long position after the asset or security breaks above a resistance or at a support. Break out can happen in any market conditions. Typical breakout occurs as a results of price pattern break out such as flags, triangles, Head and shoulder and channels. These patterns can be use on daily and intraday time frames. It is important to learn support resistance.
After an asset or security trades beyond the specified price barrier, volatility usually increases and price will often trend in the direction of the breakout. You have to be aware about false break outs.
Torntpharma daily chart, Once it broke through descending triangle stock momentum continued also news of strategic investment came out at the same time. We can look at higher volume for confirmation.
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