Daytrading Strategy (TVPNDP)

Daytrading Strategy

Steps to be followed during the day

1. What direction is the market moving in? Where is the support and resistance for the market indices?
2. What direction is the stock trending in? 
3. Do you have the confirmation to get into the trade- RS, RSI, pullback to 20 EMA, Stochastics. 
4. Does the Volume confirm the move in price?
5. Support and resistance level for the stock.
6. There should be a slow and steady pullback to the 20 pd. EMA where you should put your position. If the trade is not working then exit the trade.

P&L Spreadsheet