I am trying to figure out what fits better for my style of trading. Intraday 1min, 5min 15mins or swing trades like couple days or weeks. Anybody would like to share experiences and what time frames work for you and why not others ones?
Chart pattern intraday vs swing
- Thread starter Erick Gomez
- Start date
Both could be perfectly profitable, it all depends on what kind of person/trader you are.
I like swing trading more than intraday, but i am not patient enough to let my trades run for day's or weeks.
In fact sometimes i am not patient enough to let my trades run for half an hour
.
This is a thing i need to work on.
You know yourself the best so you only can answer your question.
I like swing trading more than intraday, but i am not patient enough to let my trades run for day's or weeks.
In fact sometimes i am not patient enough to let my trades run for half an hour
.This is a thing i need to work on.
You know yourself the best so you only can answer your question.
For me comes down to possible risk to reward, long term commodities it is monthly, weekly, daily and hedge all openings-am looking to stay in years, doing many rollovers. Stocks I have used weeklies starting 1978 looking to stay in years on dividend stocks. Stock/ETF options I use dailies as I am looking for month or less, day trading it is all about risk and being a scalper, many trades for a hour, risk more than I can possible make and I don't get married to it, longest trades are 3.5 minutes, so using one minute bars. I have number of automation systems where day trading is one, two, three, five, 60 minute timeframes and one ticks.
Now ALL manual and automate works because of extensive back testing of ten years or greater for day trading or over 25-50 years for longer term, I want to be able to answer any question that comes up before it does. I ask of the computer odd questions like after losing two, three, four trades, what do I have to do to get back to even, so when you have over 20,000 sample size, it can give you very decent idea of what is doable. But at minimum 3,000 sample size.
If you have to ask forum about your style of trading and timeframe, you have years before you ready to trade. How I or anyone else trade not going to help you decide cause we are not you.
Now ALL manual and automate works because of extensive back testing of ten years or greater for day trading or over 25-50 years for longer term, I want to be able to answer any question that comes up before it does. I ask of the computer odd questions like after losing two, three, four trades, what do I have to do to get back to even, so when you have over 20,000 sample size, it can give you very decent idea of what is doable. But at minimum 3,000 sample size.
If you have to ask forum about your style of trading and timeframe, you have years before you ready to trade. How I or anyone else trade not going to help you decide cause we are not you.
Thanks @Handle123 I have only few months trading so still need to get more experience ... that's the reason why I want to keep engage in the forum to learn from others.
Which ever fits your eye / personality
Fact is - they all work
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btw - some say bigger TFs (time samples) inherently hold bigger risk
Those folk do not know how to trade properly
RN
Yep I tend to use 1min or 5mins more ..
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Mainly keep your records[paper];
that will provide your best-profitable answer.50[dma] day moving average,200 dma helps......................................................................................................