Main trading styles. Intraday trading ⏱️
We continue our series of posts on trading styles. Today we’ll take a closer look at intraday trading.
This style involves trading on timeframes of 5M-1H. In this case, trades are opened and closed within one trading day. Intraday, unlike
scalping, allows to combine trading with your main job. However, it requires more time to build a system and analyze it.
What are the pros and cons?
➕ Compatible with the main job
➕ The optimal balance between the frequency of trades and risks
➕ Less "noise" compared to scalping
➖ High competition with bots and hedge funds
➖ News volatility can knock out a stop without breaking the setup
➖ Strong influence of emotions: several unsuccessful trades can lead to a tilt
Intraday is suitable for those who can make quick decisions, but doesn’t like fuss. A clear plan is a key success factor. Without it, there is a risk of "looping" in anticipation of the ideal entry point.
Hit 🔥 if you want to learn about other trading styles!
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