Day trading with a prop firm involves buying and selling financial instruments, most notably futures, within the same trading day, with the goal of profiting from short-term price movements. Keep in mind that day trading can be risky, and it's important to have a solid understanding of the market and risk management. Here are some key day trading strategies explained:

• Trend Following:

  • Identify the prevailing trend using technical analysis tools like moving averages.

  • Buy when the price is trending upward and sell when it's trending downward.

  • Use indicators like LuxAlgo and BookMap to confirm trends.

• Range Trading:

  • Identify a trading range by finding areas of support and resistance.

  • Buy at support levels and sell at resistance levels.

  • Use oscillators like Stochastic Oscillator to identify overbought or oversold conditions within the range.

• Breakout Trading:

  • Identify key levels of support or resistance.

  • Enter a trade when the price breaks above resistance or below support.

  • Use volume analysis to confirm the breakout.

• Scalping:

  • Make small, quick trades to capture minor price fluctuations.

  • Focus on high liquidity instruments with low spreads.

  • Use short time frames, like one-minute or five-minute charts.

• Momentum Trading:

  • Look for stocks or assets with strong recent price movements.

  • Enter trades in the direction of the momentum.

  • Use technical indicators like Moving Average or MACD to confirm momentum.

• Reversal Trading:

  • Identify potential reversal patterns, such as double tops or bottoms.

  • Enter a trade when there are signs that the trend is about to reverse.

  • Confirm with indicators like RSI or MACD.

• News-Based Trading:

  • React to significant news events affecting the market.

  • Quickly enter and exit positions based on the news and market reaction.

  • Be cautious of market volatility and have a risk management strategy in place.

  • It’s important to note many prop firms DO NOT allow you to trade the news and this can result in the failing of your evaluation or shutting down your account.

• Algorithmic Trading:

  • Use automated trading systems or algorithms to execute trades based on pre-defined criteria.

  • Requires programming skills or access to algorithmic trading platforms.

• ICT Concepts:

  • Use defined criteria from an recluse living in the middle of nowhere driving a corvette spouting off about how he invented the stock market.

  • Please note these concepts are not rooted in any sort of reality or school of thought, they are simply the whims of some random person on YouTube.

Remember, successful day trading requires discipline, risk management, and continuous learning. It's crucial to develop a trading plan, set realistic goals, and stay informed about market conditions and news. Additionally, practice with a demo account before risking real capital.