and here is my strategy:
1. Trade only in high beta & high volume stocks
2. I study above 20 stocks regularly to trade on next day (EOD)
3. Entry points are finalized by CCI & with my experience ( i ready price pattern ), when i get signal for entry i get into trade.
4. Try to keep SL below 1% of my cost.
5. Important thing to remember trailing stop loss to lock some profits if trade is going in my direction.
6. I always reverse trade on same day if i get opposite signal.
7. I try to catch big moves till end of trading hours.
8. I don't close my position early if it is in my favor.
9. In my strategy 30% is roll of CCI indicator & 70% is my experience & understanding of price pattern.
10. I don't have full day time to trade but try to trade daily so that i can enhance my expertise for my bright future.
11. I have realized that it is very much possible to earn good money in day trading & with leverage results are lethal.
12. No indicator is perfect, trading is an art not science ( it is very much confirmed as per my experience).
13. If we devote some more time & energy for day trading then we can easily earn between 5-10% per month (without leverage) & with with leverage we can earn above 25% on capital (per month).
14. I recognize many trading opportunity on daily basis ( as per my strategy) but could not trade due to lack of time & miss them
will keep writing more on this.........