This is what I do all day long and seven days a week.
Here's a very simple yet amazing strategy that I implement in my trading every day!
It's about catching divergence. In this case, you are looking at a ONE MINUTE CHART. I repeat, this is a one minute chart.
To whoever that says "don't look at any small time frames", I just want to tell you that you suck at trading and you should probably stick to swing trading.
Why I went in:
- price action is showing series of same highs.
- bearish divergence on RSI, which signals loss in strength.
- 5 impulse waves formed already
I started stacking my shorts little by little. Position size was only 400 EOS. I didn't have enough time to add more to my positions and I never increase risk by adding in blindly for profits.
This was a quick 0.8% gain. About $30 profit within minutes. If my position size were around 1000 EOS which I intended, profit would have been about $80 instead.
I take multiple trades like these through out the day and profit on average 3~4% daily. Actual working hours vary depending on how much I wish to make that day.
If you wish to learn more about day trading, drop comments/questions below.
Don't be shy. We all start at some point.
