This is what I do all day long and seven days a week.
Here's a very simple yet amazing strategy that I implement in my trading every day!
It's about catching divergence. In this case, you are looking at a ONE MINUTE CHART. I repeat, this is a one minute chart.
To whoever that says "don't look at any small time frames", I just want to tell you that you suck at trading and you should probably stick to swing trading.
Why I went in:
- price action is showing series of same highs.
- bearish divergence on RSI, which signals loss in strength.
- 5 impulse waves formed already
I started stacking my shorts little by little. Position size was only 400 EOS. I didn't have enough time to add more to my positions and I never increase risk by adding in blindly for profits.
This was a quick 0.8% gain. About $30 profit within minutes. If my position size were around 1000 EOS which I intended, profit would have been about $80 instead.
I take multiple trades like these through out the day and profit on average 3~4% daily. Actual working hours vary depending on how much I wish to make that day.
If you wish to learn more about day trading, drop comments/questions below.
Don't be shy. We all start at some point.
So to sum up in short, what is your strategy? What are you doing regarding the price movement and signals and how do you react to them? Fyi I am not at all experienced in this.
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Thank You,I will try it
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