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Day trading is as complicated as you want to make it but its Simple is better. To be a good day trader you don't need to know what every technical indicator does or it how works but Your Practice or your adviser would be a good experience for the trading and practice one strategy over and over again it builds consistency. <br>
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Day trading is as complicated as you want to make it but its Simple is better. To be a good day trader you don't need to know what every technical indicator does or it how works but Your Practice or your adviser would be a good experience for the trading and practice one strategy over and over again it builds consistency. If the opening range is too wide, better do not trade ORB, since the SLs will be very far in our system you can use other trading systems in such a case. Avoid Opening Range Breakout trades in case of a heavy news flow day. Like any news of Inflation, Manufacturing, Policy decisions etc. Please Use other trading systems once the market settles down after the news. Even if the above rules looks bit complicated to you then follow just one simple rule. "Mark the High-low range for 1st 15 mins, Go Long if High range is broken, with stop loss as low range, Go Short if low range is broken, with stop loss as high range" BestTrading Strategy