Day trading strategies: the complete guide with all the advanced tactics for stock and options trading strategies. Find here the tools you will need to invest in the forex market

 
Bull Flag Momentum
Expert stock analysts consider the Bull Flag Momentum as a scalping
strategy because the flags in the pattern don’t usually last long. Plus, day
traders should scalp the trade in order to get in quickly, make money, and
then exit the market.
Below is an example of a Bull Flag pattern with one notable consolidation.
This chart is called Bull Flag because it is like a flag on a pole. In this
pattern, you have different large candles rising (pole) and you also have a
sequence of small candles that move sideways (flag) or “consolidating” in
day trading jargon.
When there is consolidation in the pattern, it signifies that traders who
purchased the stocks at a lower price are now selling. While this is
happening, the price doesn’t significantly decrease because buyers are still
participating in the trades, and sellers are not yet in control of the price.
Many retail traders will miss buying the stock before the Bull Flag begins.
Buying stocks when the price is increasing could be risky. This is known as
“chasing the stock”. Successful day traders usually aim to participate in the
trade during quiet periods and take their profits during wild periods.

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CHAPTER 1:
 
 
Know the Market
he first thing to consider when getting started in day trading, is
what market you want to use in order to trade. That may sound
like an odd question to consider at this point, but depending on
how much capital you have, choosing the right market is critical. The
important thing to recognize with day trading is that day traders routinely
have strings of losses. And we are not talking about amateurs here,
experienced day traders will experience losses on a routine basis. Of course,
you expect that over time you are going to make profits, but just like
flipping a penny can result in 5 tails in a row, making many day trades can
result in many losses before a big win hit. So, if you're trading a significant
amount of your capital, a string of losses could leave you going broke very
quickly. Thousands of dollars can be at stake in an individual trade. For
these reasons, there are some rules and recommendations in place to help
you avoid getting into super big trouble, but the rules may make day trading
seem less appealing especially if you cannot come up with the required
capital.

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