Is there any day trading strategy which has accuracy more than 80 percentage?
Here a Guerrilla strategy
It is just hit and run, the success ratio is more than 80.
Don’t look at risk reward ratio, just hit the trade and exit within few seconds..
If Previous Day is a Bull Candle - Open price Less than close.
- Trading day = buy above yesterday’s high , the target is tricky,
- Target = yesterday’s high + ( yesterday’s high - yesterday’s close) or
- Target = yesterday’s high +0.5% - (whichever is smallest target)
If Previous Day is a Bear Candle - Open Price greater than close.
- Trading day = sell below yesterday’s Low
- Target = yesterday’s Low - ( yesterday’s close - yesterday’s low ) or
- Target = yesterday’s low -0.5% ( whichever is smallest target)
The setup is invalid if the stock/index opens above the target or above yesterday’s high/low and touched the target.
I can take a scrip and give example for the above strategy, but I leave it readers do your homework, you can even come out a good different strategy out of this.
What two technical indicators have the highest success rate when used together for day trading?
the two that work best for me are:
- The Relative Strength Index - RSI.
- Bollinger bands.
Knowing how to use them and how not to use them is key
If you were to choose 4 stocks to regularly day trade, what would they be? Why?
MSFT, SPY, EEM, AAPL
What is pattern strategy you use? I use Triangle.
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