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Re: Trading With A Plan: Devising a daily trading plan
In theory, swing trading provides bigger reward opportunities but also requires accepting bigger risk as well. Scalp trading can provide small to moderate rewards if you are disciplined and have a clear set of strategies that have a high winning ratio. One simple and very effective trading strategy is often referred to as the "opening range strategy".
In this strategy, you predetermine a specific time frame that you will wait for the market and price action to illustrate whether it can breakout of the range upwards or downwards. There are several sources that can provide you with more details and examples.
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