My SIMPLE Day Trading Strategy Made Me $30k/Month (Full Guide)
Craig Percoco
Simple Day-Trading System (Price Action + Discipline)
A straightforward day-trading method built around clean price action, strict risk control, and disciplined execution. Designed to minimize complexity and maximize consistency.
1. Market Context & Setup Screening
- Focus on instruments/time-frames that show clear recent movement or momentum.
- Avoid trading when market context is choppy, unclear, or too noisy.
- Only consider setups when you can easily define support/resistance zones or recent swing areas.
2. Price-Action Entry Criteria
- Look for clean price-action triggers: e.g. rejection wicks, strong impulse candles, breakouts or retracements back into value zones.
- Enter only when price confirms reaction — no guesswork, no chasing.
- Avoid using multiple complex indicators; rely on raw price behavior for clarity.
3. Risk Control & Trading Discipline
- Always define stop-loss immediately after entry.
- Use conservative position sizing relative to account balance.
- Only enter trades where the expected reward comfortably outweighs risk (favorable R:R).
- Limit total daily trades to avoid overtrading — quality over quantity.
4. Trade Management & Exit Strategy
- Set realistic profit targets based on recent structure (swing highs/lows, support/resistance zones).
- Optionally scale out or trail stop if price shows strong continuation.
- Avoid emotional “hope trades” — do not move stop-loss deeper to hold onto a losing trade.
5. Mindset & Execution Rules
- Trade only when setup fully meets all criteria.
- Skip any trade that feels “forced” or emotional.
- Accept that not every trading day will have good setups — consistency comes from discipline, not frequency.
- Review trades at end of day to learn and refine setup selection.
A straightforward day-trading method built around clean price action, strict risk control, and disciplined execution. Designed to minimize complexity and maximize consistency.
1. Market Context & Setup Screening
- Focus on instruments/time-frames that show clear recent movement or momentum.
- Avoid trading when market context is choppy, unclear, or too noisy.
- Only consider setups when you can easily define support/resistance zones or recent swing areas.
2. Price-Action Entry Criteria
- Look for clean price-action triggers: e.g. rejection wicks, strong impulse candles, breakouts or retracements back into value zones.
- Enter only when price confirms reaction — no guesswork, no chasing.
- Avoid using multiple complex indicators; rely on raw price behavior for clarity.
3. Risk Control & Trading Discipline
- Always define stop-loss immediately after entry.
- Use conservative position sizing relative to account balance.
- Only enter trades where the expected reward comfortably outweighs risk (favorable R:R).
- Limit total daily trades to avoid overtrading — quality over quantity.
4. Trade Management & Exit Strategy
- Set realistic profit targets based on recent structure (swing highs/lows, support/resistance zones).
- Optionally scale out or trail stop if price shows strong continuation.
- Avoid emotional “hope trades” — do not move stop-loss deeper to hold onto a losing trade.
5. Mindset & Execution Rules
- Trade only when setup fully meets all criteria.
- Skip any trade that feels “forced” or emotional.
- Accept that not every trading day will have good setups — consistency comes from discipline, not frequency.
- Review trades at end of day to learn and refine setup selection.
Pre-Trade Checklist
Related Tags
day-trading
price-action
simple-system
risk-management
disciplined-trading
