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Hello everyone, how are you doing and how is your life going? I hope you're all doing well and having fun with your loved ones. Today, in this post, I will discuss some intraday layering techniques and how you can profit from them. What exactly is intraday trading? Intraday trading refers to all trades that you execute and end on the same day. That is, if you open a trade today, you must close it on the same day, whether you book a profit or your stoploss is reached. Whether you book profit or not will be determined by your trading strategy and method.
People who trade intraday benefit from the fact that the market's situation and condition have no bearing on them. If there is bad news in the cryptocurrency world, the market will bleed, but because you are a day trader, your trade will close by hitting the stoploss, saving you from a large loss. However, there are disadvantages as well. If we have good news, the market will go up and you will book profits and miss the upswing.
Many people book intraday losses because they do not understand the techniques and do not know where to close the trade. Where to buy and where to sell, they make poor decisions and buy at a time when we must wait, and when they begin to lose money, they become hyper and close their trade. Such people exist in large numbers and claim that this is all nonsense and that we cannot profit from it. However, you must first study charts, indicators, fundamentals, technicals, and many other things.
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Today I'm going to show you how to use intraday layering to maximise your profits. It's as simple as picking a good coin and studying its chart. BollingerBand should be included in your chart because it is more accurate than others. Check the coin's support level in the 1d chart and see if the lower band of the bollinger band is similar to the point of support. If all of these conditions are met, you can proceed to the first layer. Assume you're doing a $10 buy $1 trade at the first layer. Now wait for the right moment to take the direction; if you go up, book your profit; if you go down, start the next layer.
It is preferable to buy the layers at a difference of 2%, for example, if the coin falls 2%, buy the second layer twice the amount of the first layer you purchased. As an example, your next purchase will be $2, and after a 2% decline, you will buy the third layer twice as much as the second layer you purchased, which will be $4 this time. The following layer will cost $8, and so on. The advantage of doing this is that if the market rises slightly, you can quickly exit the trade with a profit because you bought the lower levels at twice the price of the first layers.
This is a successful intraday strategy, with approximately 80% of trades being successful, but please remember to use stoploss, which will protect you from large losses. I hope this post is beneficial to those looking for trades. This is a successful technique that you should try, but with a much smaller amount and a strict stoploss. If you are concerned about the techniques, practise them first with a paper pen and then apply them practically. If you find this post useful, please reblog it and upvote it to help me grow my account and receive financial support.
Thank you!
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