@Wanderer18 10 May 2021 more from that month

Hey there, we already learned how day traders make money from my previous post( if not yet aware, just visit my profile or research 😊). Now let's see how day trading is done, day trading is divided further to a couple of strategies and first on the list is; Scalping. Scalping is a very common trading strategy among day traders. It involves taking advantage of small price moves that happen on short time frames. These can be gaps in liquidity, the bid-ask spread, and other market inefficiencies. Scalpers will often trade on margin or trade futures contracts to amplify their results with leverage. Since the percentage price targets tend to be smaller, larger position sizes make more sense. In fact, this is generally true for most day trading strategies. However, trading with leverage doesn’t mean that risk management principles go out the window. A successful scalper will be aware of margin requirements and apply proper position sizing rules. If you’d like to read about a simple formula for position sizing, check out How to Calculate Position Size in Trading. Scalpers may use strategies such as order book analysis, volume heatmaps, and many technical indicators to define their entry and exit points for individual trades. However, due to the fast trade execution and high risk, scalping is generally more suitable for skillful traders. In addition, due to the extensive use of leverage, a few bad trades can quickly blow up a trading account. Source: https://academy.binance.com/en/articles/a-beginners-guide-to-day-trading-cryptocurrency Stay tunes for the other strategies and happy learning and earning gals and lads. 😊 #NoiseCash