LIVEDay Traders have it all wrong , They see market Run up They sell it comes, it comes down they buy it and again run up They sell it and whoaaaa prices take off and they sell and they lose money all the way up not realizing. The only way you make money in the market is to catch a Trend . It does not matter if you are day Trader or long term Trend Trader . Trend is the basis of all profits , you need a Trend now we also know this if you study your charts you will see that all large range days are almost all of them close at Their high or close at the low . So the most successful day Trading strategy is to hold to the close do not try to dance in and out because when you have a loss you can have a big loss try to catch a trend move, hold to the close and you are going to make a lot more money.