how to arrange by date of photo

Perhaps a little background information will help to understand how Photos has been designed.

Photos is offering many predefined albums, so we do not have to arrange the photos on our own. The predefined views are having a fixed sort order, specific for each album. To see your photos sorted by the date taken, view them in an album that is sorted by the date taken. It will depend on the system version, where to look.

• On macOS 10.13 (as shown below your question) you will find the photos sorted by the date taken in the "Moments", in the more recent system versions in the "Days" and in "All Photos".
• The "Imports" and "recents" albums are sorted by the date added, not the date taken. All albums in the "Media" section are showing selections of your photos sorted by the date taken as well.
• Any album or smart album we create ourselves can be sorted by the date taken or the title of the photo.

To be able to arrange the photos freely, create your own albums. Or view the photos in one of the predefined albums, that has the sort order you want.

Here is how to: Browse your photos in Photos on Mac - Apple Support

Here is the Photos User Guide for Mac - Apple Support

Here is a screenshot showing how each view in a Photos library can be sorted. They are not all the same.

A great graphic, OT!

Thanks.