ð§ūI continue sharring with you knowledge about trading . I hope my posts will be a little useful for new traders. ð Today let's talk about short-term trading.ð
ððŧIntraday trading - it's short-term trading, but number of transactions is less than with scalping.ððŧ
ðBasic principles for short-term (intraday) trading:
ð Observation (if you canât observe the charts and analyze their movement - "intraday" is not for you).
ð Efficiency of thinking (at some point you need to see that it is time to enter the market and practically enter into it ).
ð 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).
ð The ability to correctly set a âstop orderâ (the result of trading within a day depends on the correct âstop orderâ; otherwise, you will simply fix losses).
ð Determine the exit point from the position (it is necessary to correctly move your âstop orderâ after the market movement, which, in the event of a change in trend, will fix your profit).
ð Use no more than 5-10% of your deposit in total on âintradayâ.
ððŧShort-term trading or intraday trading is the beginning of the career of any trader.
For short-term trading, less initial capital is required, âand there is also an excellent opportunity for quick testing of selected trading systems.â
I tried to give a very brief description of my vision of short-term trading.ðŠðŧ ðĨ°I hope you were interested.
Thank you for support with likeð. And especially for the feedback.ðđðđðđ âðŧâðŧâðŧWrite in the comments, topics that you interest in, I will be happy to create a post on these topics.ð
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