๐งพI continue sharring with you knowledge about trading . I hope my posts will be a little useful for new traders. ๐ Today let's talk about short-term trading.๐
๐๐ปIntraday trading - it's short-term trading, but number of transactions is less than with scalping.๐๐ป
๐Basic principles for short-term (intraday) trading:
๐ Observation (if you canโt observe the charts and analyze their movement - "intraday" is not for you).
๐ Efficiency of thinking (at some point you need to see that it is time to enter the market and practically enter into it ).
๐ The experience of trading on the exchange is very important (without enough experience, you will not be able to fulfill paragraph 1 and paragraph 2).
๐ The ability to correctly set a โstop orderโ (the result of trading within a day depends on the correct โstop orderโ; otherwise, you will simply fix losses).
๐ Determine the exit point from the position (it is necessary to correctly move your โstop orderโ after the market movement, which, in the event of a change in trend, will fix your profit).
๐ Use no more than 5-10% of your deposit in total on โintradayโ.
๐๐ปShort-term trading or intraday trading is the beginning of the career of any trader.
For short-term trading, less initial capital is required, โand there is also an excellent opportunity for quick testing of selected trading systems.โ
I tried to give a very brief description of my vision of short-term trading.๐ช๐ป ๐ฅฐI hope you were interested.
Thank you for support with like๐. And especially for the feedback.๐น๐น๐น โ๐ปโ๐ปโ๐ปWrite in the comments, topics that you interest in, I will be happy to create a post on these topics.๐
Stay with me๐๐ป Love you๐ Your Rocket Bomb๐๐ฃ