Published On Feb 18, 2024
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This is a step by step video explaining the most profitable day trading strategy I use.
The first step is creating levels of interest. A valid level interest is a supply or demand zone, a level formed off the time and sales / level 2, support resistance with multiple touches or large buying/selling at a specific price.
The second step is gauging the markets reaction at that level of interest. Are buyers willing to buy? Are sellers willing to sell? This is where I find a confirmation signal providing a valid entry trigger at my level of interest.
The third step is creating a trading plan. A valid trading plan involves a thesis, a stop loss and a target.
The fourth step is managing risk around the plan and the fifth step is controlling my emotions will maintaining proper risk management.
Hope this helps. Enjoy :)