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

Breakout Strategy
This is a common strategy employed by traders new and old. The main idea
behind this strategy is that you chose a price point for a given stock that,
once hit, will indicate enough of a positive swing to justify buying more of
the stock. When using this method, it is important to consider a price point
as well as the amount of time you are willing to give the stock in order for it
to reach that price point. This is a strong strategy to employ if the market is
moving in a certain direction and ensures you will always know when to
jump on the bandwagon.
This strategy is an effective choice if the market is currently or was recently
at either a drastic high or low. To complete this strategy properly, all you
need to do is set an order that is either above the high or slightly above the
low and then play the averages. If the market is not moving strongly in one
direction or another, then this strategy can easily backfire as prices are more

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likely to stick to prescribed ranges. If there are no strong signs of trending
use with caution.
Retracement strategy
To properly implement this strategy, it is important that you are able to
determine a likely pattern for the price of the stock to continue trending
towards. To take advantage of this fact, you wait for each price increase
before the inevitable decrease which comes as some people sell and others
try and trade the opposite. You sell on the high and use the profits to buy
back in at an increase of shares under the assumption that it will rise again.
Then you simply repeat until you are no longer sure of the increase.
This strategy will only work effectively when there is something major
enough to cause ripples across the market that are not felt all at once. This
strategy will become less effective the unsure you are about additional
jumps in price and should therefore always be used carefully. You may be
tempted after seeing a single large jump from a stock to try and employ this
strategy but beware of using it flippantly. Stay strong and you will turn a
profit.