Tips - Strategy Intraday Trading
:: just share your Tips - How to gain profit in "Intraday trading"
Here are tips that are commonly used in doing intraday trading with success
1. Trade in accordance with the daily trend is occurring
:: Trading with the trend that occurs will minimize risk while maximizing the chances we take profit. You can use the trendline line to help determine the point of a good open position.
2. Patience, waiting time for correction
:: Trendline will help to show how the market moves in waves. Trendline will be roughly the price of the wave guide where to begin and end.
:: When looking to create open BUY position, wait for when prices go down close to the trendline, and vice versa. With patience, we automatically reduce our risk for loss.
3. Take profit
:: Because prices move in waves, then we want to exit a position before the price correction. Intraday traders will want to secure the profit which has been running before the price correction took it, and then prepare for an open position in the next correction.
There are two simple rules that can be used when making a take profit when trading the trend.
:: In an uptrend or BUY position, do take profit slightly above the highest price that occurred before
:: In a downtrend or sell a position, do take profit slightly below the previously lowest price.
It's important to note:
Traders who are trading each day (day trader / intraday trader) are encouraged to trade in the direction of the trend and waited patiently for the right moment to do the open position with the lowest risk. Trendline can be used to guide the open position to get a good point, as well as profit-taking points.