Trading strategies for beignners....

Day Trading Strategy based on Day’s Open, High, low and Average Trading Price (ATP) is the simplest and easiest strategy that every trader can use to make reasonable profit in day trade or swing trade. Many traders who don’t know about technical and fundamental analysis find it difficult to predict the trend and price movement of stocks, commodities and currencies and enter the trade at wrong time at wrong levels and face heavy losses.
Now, I will tell how to use Day’s High, Low, Open and Average Trading Price (ATP) to predict future price movement of any script and make your own Day Trading Strategy for small and steady profit day by day.

Fact behind Day Trading Strategy based on Open, Low, High and ATP

The principle of predicting trend by watching the price movement is simple. The trend is strong if price is moving higher and if price is moving lower the trend is negative. There’s need to watch the technical and fundamentals aspects, you just needed to refer Day’s High, Low, Open and Average Trading Price watch current price movement, let me explain: -
Suppose any stock or commodity is trading above its open price, it shows that the traders are showing interest in buying that particular stock or commodity and sentiments are positives because sentiments and action of mass traders only affects the price movements. If majority of traders want to buy a particular stock it will definitely go up. And same way if current price is trading below the open price then the sentiments seems to be negative and price may go further down.
Same way if the price stays above its ATP (Average Trading Price) the stock or commodity is strong and if it stays below ATP then it can show short term weakness. Based on Open, Low, High and ATP some condition can arise and we are going to discuss how you can use those conditions to make your own profitable and less risky Day Trading strategy.

Day Trading Strategies for Different Condition:

“Open and Low” or “Open and high” are same: - After opening the market wait for 20-30 minutes and watch. If open and low price of a particular script is same, or if it didn't traded below its open price up to 30 minutes after opening, most probably the price may remain above its open price for short term. If you get price near its low price then you can buy that particular asset and place the small stop loss just below the day’s low price and you can close position when you get a reason able profit (profit more than your stop loss is reasonable profit.)
Same Day Trading Strategy can be followed in case if “open and high” are same. You can sell near its high or open price with the stop loss just above its day’s high. Possibilities of profit in this condition are more as compare to previous one (open and low are same).
Breakout above or below open price: - Most of the time day’s “open and high” or “open and low” would not same and trading price moves above and below its open price. In this case if trading price traded below its open price for longer time but suddenly break above its open price then you can buy that particular asset to get very short term profits placing stop loss just below its day’s low. This Day Trading Strategy may give you quick profit in less time.
Same strategy you can use in case trading price break below its open price to take sell position. Do not forget to book reasonable profit.
Trading price above or Below ATP (Average Trading Price): - Sometime may happen that any script looking strong and but is trading at its day’s high. There may be confusion in trader’s mind whether to buy that stock or not as the stock is trading at its day’s high and open price is far below current trading price and it seems that price would not go near it open price. Then the other option is to buy that stock if you get the CTP (Current Trading Price) just near its ATP and place the stop loss below its ATP or at its open price. This Day Trading Strategies help you to minimize your stop loss.

Must Follow Rules for Day Trading Strategy based on Day’s open, high, low and ATP

1. Do not take position any time or at any price. Have patience and wait for best opportunity. Take position only if you get the CTP near the suggested levels. Otherwise stay away from that particular asset.
2. Place the stop loss order in the system just after your trade is activated. Place the stop loss in your system not in your mind.
3. Do not forget to book the reasonable profit whenever you are getting. If you are trading in more than one lot, book half of the profit at your first target and trail stop loss for rest to entry price to secure your profit and minimize your loss

Day Trading Strategy’s (open, high, low and ATP) benefits: -

1. 1. Small stop loss and high profit.
   2. No need to calculate support, resistance of other technical indicators.
   3. Protection from effect of any sudden news or announcement. If effect goes against your favor you are protected with small stop loss but if goes into your favor then there are possibilities of huge profit.