Best One Trade-a-Day Strategy For Intraday Trading

The best one-trade-a-day strategy is the buying and selling of trading assets within a day. Discover top such strategies and tips to effectively use them.

Do you want to become a trader but can’t wait more than a day to withdraw your profit? Well, if yes, then you need the best one-trade-a-day strategy.

One trade a day is amongst the most profitable trading strategies. Especially in the present time, where almost every trader wants quick profit.

In this Beirman Capital Blog, we will get to learn what the strategy is about with tips for effective use. So, let’s get started with a brief introduction.

What is the One Trade a Day Strategy?

One trade a day is a day trading strategy where a trader opens and closes a trade position within a day and earns a profit.

Simply, it is the process of buying and selling a trading instrument within the trading sessions with the aim of earning profit from short-term fluctuations.

Traders can buy or sell different assets using one trade-a-day strategy. It includes currency pairs, stocks, commodities, cryptocurrencies, stocks and indices.

Best One Trade a Day Strategy Forex Example

Suppose a trader was watching the XAU/USD chart when the price was trending at $3130. According to the trader’s analysis, if the price breaks the resistance level of $3145, it will rise further to $3160.

So the traders set the entry level of $3145 and take a profit level of $3160 and stop loss level of $3150. In this case, the trader will earn a profit of $15 if the price moves in the trader’s favour and lose $5 if the price moves against the prediction.

In the above example, we have seen how traders can earn a profit or loss within a day.

Best One-Trade-a-Day Strategies

One trade a day is an approach to placing a single trade in a day. However, to identify a trade opportunity, the trader can use a number of styles. Here are the top ones:

Trend Trading :

Trend trading is the best one-trade-a-day strategy for beginners. Under this approach, a trader places a trade in the direction of the current or prevailing trends, making it one of the simplest ways to navigate all in one market conditions.

During a bullish trend, a trader enters a long position, while in a bearish trend, the trader opens a sell position. Meanwhile, during a sideways trend, the trader waits for trend clarification before making a move this is where a reliable trend trading strategy indicator can be extremely helpful for spotting the right entry point.

Some traders also explore counter trend trading techniques, but for beginners, sticking to the trend is often safer and easier to manage. Using a trend trading calculator can help you calculate potential risks and profits more accurately while trading the trends

News Trading :

News traders also use a news trading strategy known as the one-trade-a-day strategy. Under this approach, they keep a close watch on the day’s important economic data or market-moving news and make trade decisions accordingly.

For example, many traders who follow funding pips news trading or trade with platforms like Topstep news trading often focus on high-impact events such as the NFP (Non-Farm Payroll) release. On such days, a news trading strategy helps them decide their move based on the data outcome.

In this case, if the data comes out positive, the trader typically opens a buy position, and if the data is negative, a sell position is executed a classic example of price action trading news in real-time.

Whether you are following warrior trading news alerts or waiting for major global headlines, understanding and applying a solid news trading strategy can help you capture significant moves with just one well-timed trade a day.

Breakout Trading :

Breakout trading is a strategy to place a trade when the price breaks the key price levels. In breakout trading, traders generally buy when the price breaks the resistance and sell when the price breaks the support level.

A typical breakout trading candle often signals the right moment to enter the trade, as it confirms that the price has moved beyond a significant support or resistance level.

Understanding what is a breakout in trading is essential for both beginners and experienced traders, as it helps in identifying strong market momentum and potential trading opportunities.

If you’re looking to master the techniques of breakout in trading, studying patterns and market reactions can sharpen your decision-making. For deeper insights, you can also explore a good breakout trading book to refine your strategies and improve your market timing.

Range Trading :

Under the range trading strategy, a trader places a trade when the price moves within a defined day range, and the trader takes a position based on key support or resistance levels. A range trading strategy typically involves entering a buy position when the price reaches the support level, and placing a sell position when the price approaches the resistance level within that day range

Candlestick Trading :

The appearance of trading candlestick patterns on a daily chart also suggests traders take buy and sell positions. Traders can even use candlestick patterns for trading along with indicators to determine that one opportunity.

Tips to Use One Trade a Day Strategy

One trade a day can be a complex methodology. However, not when you know the right way to use it. Here are the tips you can use to transform your approach:

Use Technical Analysis:

Technical is the best way to identify day trading opportunities. Master trading indicators, candlestick patterns and chart analysis to identify profitable strategies.

Start Small With Limited Risk:

Placing a trade daily requires significant capital. So, don’t place big trades, especially at the beginning. Also, to have control over your trading losses takes limited risk. In this manner, you will earn a decent profit without risking much.

Have Strict Trading Rules:

For day trading strategies, entering and exiting trade at the right time matters a lot. Generally, traders adjust their trade opening and closing prices with the aim of earning more and end up losing money instead.

Have Solid Risk Management:

When placing trade daily, the risk is significant. The traders may end up blowing up the entire account. Thus it is a must to trade with a proper stop loss, risk-to-reward ratio, and account protection tools.

Don’t Let Your Emotions Interfere:

Most trader’s decisions are driven by emotions instead of logic. However, the opposite works to get success in trading. A day trader should take trade moves by organizing proper analysis. Instinct, guesswork, greed, frustration and other emotions should not affect your trade.

Bottom Line

The best one-trade-a-day strategy can be an ideal option for advanced and intermediate traders. Traders can earn a significant amount of profit in a short time.

However, identifying a trading opportunity daily requires an in-depth understanding of the market. Also, most of your trading success depends on your execution.

So before starting to use the strategy, practice is a must. At Beirman Capital, we offer a demo account facility so that traders can master different strategies. Open an account with us to try and test varied styles, strategies and tools.

FAQs

What is the most successful strategy in day trading?

Scalping is the most advanced, and profitable strategy in day trading.

What is the 3 5 7 rule in trading?

The 3 5 7 rule in trading states that a trader should never risk 3% of capital on a single trade, and 5% of capital to all open trades and the winning trades should be 7% more profitable.

What is the best thing to day trade with?

The best thing about day trade is you can withdraw your trading profit within a day.

Is one trade per day good?

Yes, one trade per day is a good strategy. It does not require too much capital and traders can earn a decent amount.