Worried of Being a Day Trader? – Follow Gap and Go Trading Strategies
There are many trading strategies, but I prefer to follow Gap and Go day trading strategy. In this strategy, gaps of more than 4% are good. If you trade with gaps of less than 4% then it might get filled but personally I do not find them as interesting. The moment you find the stocks already moving, you must search for a catalyst. Usually traders use MCR World to hunt for news.
Once you confirm the catalyst you may begin to look for an entry. This Gap and Go Strategy is quite similar to Momentum Day Trading Strategy. The only difference between the two strategies is that the Gap and Go! Strategy is specifically for trades between 9:30-10am.
You must look for the quick and easy trades right as the market opens. This day trading strategy is a quick stock trading strategy to give you a profit usually by 10am.