Day Trading Strategies

Another important day trading strategy is to use psychological stop loss orders. In this strategy, you place a psychological stop loss order when your entry criteria are violated or when there may be an unexpected turn. The reward-to-risk ratio should be at least 1. If this is not possible, try to develop a simple strategy that wins more than 50% of the time and has a reward risk ratio better than 1.25.

Range trading is also a day trading strategy. Traders can choose to buy or sell based on their perception of the trend. Prices usually hit highs and then fall back down again. Traders will buy when prices are low and sell when prices make new highs. This strategy requires patience, in-depth research, and often knowledge of highs and lows. In short, range trading is a highly profitable strategy for beginners.

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