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Day Trading Strategies - Swing Trading With Day Trading Execution Style

Do you want to become a day trader but feel that the task is beyond your abilities? Do you believe that you can not make money in day trading? Are you struggling to make profits in day trading? Do you believe that your account balance has to be at least double of your trading expenses? If you are among the people who experience these issues, then read this article carefully. This advice can give you the hope that you can make money in day trading.


Yes, you can make money in day trading. But that does not mean that you should engage in day trading. It depends on your trading psychology as well as your bank balance. If you have a trading psychology that is optimistic, positive and encourages you to think positively, then you are probably too emotionally challenged to day trade. But if you have a trading psychology that is pessimistic and pessimistic about the market and the future of markets, then you are probably not emotionally prepared enough to engage in day trading.


So, what should you do?





You need to engage in swing trading. It is the time when your account balance has to be at least double of your trading expenses. Swing trading is a time when you are not trading on an intraday basis. You are simply trading on a longer term basis such as one or two weeks. Therefore, you don't have to think about your account balance all the time. And you can have some extra time for other things. If you have a trading psychology that says "I should do whatever it takes to make profits" then swing trading will fit you perfectly.


Even if you don't like to day trade, do as the example in this article suggests and you will be on the right path to make profits in day trading.


1. Set a daily goal and trade it until it goes in your direction, or until it stops moving.


2. Set a swing-by goal and trade it until it stops moving, or until it goes in your direction.


3. If your daily goal is in sight and it stops moving then it is likely that the market has turned and is no longer in favor of the bulls. Be ready to exit your position when your daily goal has been reached.


4. If your daily goal is in sight and it stops moving and remains stuck in your direction, then you can take profit as soon as it stops moving. Just be ready to exit your position when it stops moving.


5. If your daily goal has just stopped moving and it stops moving in your direction, then it is likely that the market has changed and is no longer in favor of the bulls. Be ready to exit your position when it stops moving.



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