How to develop a strategy

Simple steps to develop your own strategy:

  1. Identify High Probability setups on a daily time frame
  2. Observe the behavior of price of 5 days prior to the setup you found
  3. Pick a stock and pin point the same pattern in last 8 months chart
  4. Decide the time frame to trade for Intraday
  5. Identify High Probability setup in that particular time frame 
  6. Define entry, stop loss and exit rules for intraday
  7. Observe the result of that price pattern in intraday time frame for last 8 months

If you find the sync between your Daily setup and Intraday setup, congratulations your have developed your own strategy.

regards,

mvp

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