Trade Management for different Day Trading Strategies

Trade Management for our Day trading strategies:

Our different day trading strategies have different ways to manage the trades. Here is a breakdown of each.

Fast Track Strategy:

– Stop goes at the previous swing high/low

– My target goes at the next level of support and resistance

– Very specific stop and target, and we do not trail our stop, we let it run.

– Dynamic stops and targets, always different

Scalping Strategy:

– Stop is fixed @ 6-10 ticks

– Targets are fixed @ +5/+10/+Runner

– We move our stop to entry -5 ticks at first target

o Move stop to entry -0ticks at 2nd target

o Then manage the runner.

– Static stops and targets, they never change.

Intra-day strategy

– Uses the support and resistance in the market to plan our stops and targets

– Stop goes at the recent swing high or low

– Targets are at the next level of support or resistance

– Manage the trade using your ‘trade-management-chart’

– Trailing stop and a runner, seeking to maximize the profit per trade.

Swing Strategy

– There is NO difference in the swing and intra-day strategies

– The stops and targets are wider, but same principles

– Will require overnight margin