Simple day trading strategies for trading for beginners

BASIC VERSION:

Create a watchlist. 

I use mega-caps, and index ETFs like $SPY, $QQQ, and $IWM.

MARK PREMARKET LEVELS:

30 minutes prior to market open, use an Hourly time frame to mark the PreMarket High and PreMarket Low.

Be sure to mark the wicks, not just the bodies. 

TRADE THE BREAKOUT

Drop to a 5-minute time frame.

Wait for a breakout of either the PreMarket High or Low.

You can enter on the breakout. But I almost always see a re-test. Wait for the re-test and hold, then enter or add. 

Exit the trade at a percent profit (10%, 20%, etc), or whole numbers (where large gamma option positions typically act as support or resistance). 

ADVANCED VERSION (HIGHER WIN RATE):

This is the same chart but with the InsiderFinance Technical Analysis System in place.

Wait for the InsiderFinance's MACD crossover dot in the oscillator box to give us a much higher success rate. 

Enter at the system's oscillator MACD crossover dot (green dot for bullish, red dot for bearish). 

Exit when you see a reversal.