I started my account with $1000 in may June, I only invest $400-$700 at a time. I'm hoping to make a 100% return within two months. I use 20, 50 and 200 SMA, and VWAP on my chart. 

I started studying in June 2017 and started investing real money recently. I want to share with you What I've learned so far: 

 

1) Focus on the right stock- If you want to have the odds in your favor, you must find the best performing stock for the day and focus on it. It has happened to me so many that when I enter a trade, I notice another stock spikes and keeps going. Now I working on finding the best performing stock, usually one of the top three gainers for the day is the Hottest play in the market. So I just focus on that and I don't pay attention to anything else.

2) Discipline = More money- Less trade is always better, Focus on quality over quantity, I notice that I'm making more money now that I'm trading less. It's funny how people think it is the opposite. Learn a setup, print a snapshot of it, look at it daily, memorize it. By doing so, you will notice how you're starting to see patterns play out. It's the most beautiful feeling when you start seeing patterns during trading hour.

3) Watch the volume- This is very important and it is very self-explanatory, just watch the volume bar, especially the one during the breakout, in your software you must have an option to draw a horizontal line. Draw one horizontal line at the peak of the intraday break out volume candle. Next time the stock tries to reach a new high and the volume that is backing it up doesn't reach the previous breakout volume candle, It is a Bearish sign or a fake out. 

4) Use indicators: Have you ever wondered why the stock did a reversal at some point. It is because traders are looking at some key indicator and they use it as Support or resistance. In my research, the most famous ones I have found are 9, 20, 50 and 200 SMA. VWAP is commonly used as well as MACD and Relative strength index. Youtube them all, and master them.

5) 3 Minute Chart- I used a 1-minute chart for a while which made me get stopped out of my position more than I would like to since it is highly volatile. Now I use 3 min chart which helps me spot the pattern that I'm only trying to trade easier.

6) Support level- Best bullish indicator is when the stock comes close to its support and just bounces off with good momentum. Great sign to go long. You don't want to see a stock to sit around its support level like a lazy stock.

7) Multiple time frame- Look at 3, 9, 1 and 5-year chart of the stock you're planning to invest in. Don't invest based on just intraday chart. Look at where the stock found support and resistance in the past. 

8) When to go in- I never trade the first few minutes of the bell, it is too volatile for me. During the first few minutes, I like to just scroll through the top gainers to find the stock that is spiking and then I focus on the spikers only.

9) Take profit- Just remember you're a day trader, not a swing trader. If the stock goes against you and you feel like you will just hold on because it has spiked this morning, maybe later on today or tomorrow it will spike again so you decide to hold on. Chances of you taking a huge loss increases. If the stock provides you with a 5-15% winner, take it and don't get greedy.

10) Stop Loss- Know where to stop if the trade doesn't go your way. Always enter with an exit plan.

11) Cut losses quickly- Should be number 1 lesson, Small losses can turn into BIG LOSERS quickly. Always enter with an exit plan.

12) Key level- Base your entry close to a key level for the stock, which could be previous spike, previous day high, close, intraday support or long-term support and put a stop loss 1 cent under.