I could have stayed in for more profit, but discipline has me put taking profit above greed. As I gain more insight and experience I wil stay in positions longer to capture the 100% profits and above.
My strategy is more accurately named the ‘PREMARKET and ORB STRATEGY’. Why? Because ie enter positions only after a candle CLOSES outside the PREMARKET RANGE, OPENING RANGE (9:30-9:45), or both.
How do I select a position? I trade with the trend…Using EMA10/30 and watching price action.
I am currently a scalper, but this may change as I develop as a trader.
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