Mastering Day Trading: Achieving a 213% Return in Just 11 Minutes
Day trading demands a combination of effective strategies and swift decision-making. In this article, I’ll share my experience of securing an impressive 213% return in a mere 11 minutes through a simple yet powerful price action trading strategy. This approach requires no complex indicators, making it accessible for traders at all levels. Let’s delve into the details of this strategy that led to such rapid and substantial gains.
Disclaimer
Before proceeding, it’s crucial to note that none of the information in this article serves as financial advice. Everything shared here is for informational purposes only. Now, let’s unravel the strategy that fueled a swift and profitable day trade.
The Trade Setup
The trade involved zero DTE (Days to Expiry) options with a cost of 64 cents per contract. Employing a robust risk management strategy, I set a tight stop loss at 45 cents, translating to a risk of $19 per contract, considering the standard 100 shares per contract. Exiting the trade at the right moment resulted in a remarkable 213% return within a brief 11 – minute window.
Chart Analysis: Simplified Approach with Price Action
This strategy relies on a straightforward chart analysis using the Exponential Moving Average (EMA), specifically the 200 EMA. Log into a platform like TradingView, add the 200 EMA to your chart. The key concept here is to focus on “breaks of structure,” particularly when the price action is below the 200 EMA.
Visualizing Breaks of Structure
Identifying breaks of structure involves drawing lines at low points where the price changes direction. A break of structure occurs when prices go below the lowest point reached after an upward movement. This visual approach helps determine optimal entry and exit points.
Leveraging Market Dynamics
The strategy is built on the principle of reading candles and understanding the market dynamics. When prices go below the lowest point after an upward movement, signaling a break of structure, it presents an opportunity for a short position. This simple yet effective approach capitalizes on market trends without the need for complex indicators.
Day trading success hinges on simplicity, sound strategy, and disciplined execution. The showcased price action strategy is a testament to the effectiveness of a straightforward approach. Traders can implement the core strategy manually, without relying on additional tools or indicators. Always approach day trading with caution, continuously educate yourself, and consider seeking professional advice.
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