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My Simple PROFITABLE Day Trading Strategy After Years of Trial and Error

r/DaytradingstocksIntraday (5-min chart)by reddit_community

Simple day trading using price action at key levels. Entry on pullbacks to VWAP/moving averages with volume confirmation during first 2 hours. 9 and 21 EMA on 5-min chart for trend. Minimum 2:1 RR.

ENTRY RULES

Wait for price to pull back to VWAP or 9/21 EMA | Confirm with volume spike on reversal candle | Enter long at support or short at resistance during first 2 hours | Only trade with prevailing trend on 15-min chart

EXIT RULES

Take profit at next resistance/support level | Stop loss below/above entry candle | Minimum 2:1 risk-reward ratio | Close all positions before market close

INDICATORS

VWAPEMASupport/ResistanceVolume

ORIGINAL POST

470
r/Daytradingposted by reddit_community

My Simple PROFITABLE Day Trading Strategy After Years of Trial and Error

After years of trial and error, this simple day trading approach focuses on price action near key support/resistance levels with volume confirmation. Entry on pullbacks to VWAP or key moving averages during the first hour of market open. The 9 EMA and 21 EMA on a 5-minute chart determine trend direction. Strict risk management with predetermined risk-reward targets. Key insight: only trade the first 2 hours and last hour — avoid the midday chop.

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