Is the larger time frame overrated?

[xelite777]

Quote from Visaria:

Overall, you might make more money, but your hourly rate will be less.

Ok, now we are going somewhere.

So yes you will make more money with the same trading system using the smaller time frames, simply because you will trade much, much more frequently.

And no, the hourly rate is not an issue if you automate your system.

So, at the end of the year, Sam SmallTimeFrame will make more money than Bob BigTimeFrame, starting with the same capital, and all that without having to touch a single BUY or SELL button on his computer.

 

[Visaria]

Ok, but have u automated?

 

[doggyfx]

Quote from xelite777:

Ok, now we are going somewhere.

So yes you will make more money with the same trading system using the smaller time frames, simply because you will trade much, much more frequently.

And no, the hourly rate is not an issue if you automate your system.

So, at the end of the year, Sam SmallTimeFrame will make more money than Bob BigTimeFrame, starting with the same capital, and all that without having to touch a single BUY or SELL button on his computer.

Trading frequently in short time frames doesn't mean that every order will generate profit to you. It is more complicated to predict 10 min movements of a market than on 24 time frame because of it's volatility.

 

[MarketAddict]

Quote from xelite777:

Oh but they do, 33% of the time, retail traders (the small fish or "the aunts", as Asian traders call them) do make money from the big, smart money.

You see, the big dogs have to give them a bone once in a while, so they (the big dogs) can keep making money in the long run.

It's like those scratch tickets, the Lottery people have to pay us just enough money from time to time so we can keep playing while they collect about 50% of our wager money, in the long run....

I'm glad someone gets it. I was feeling like an outsider for awhile..

 

[MarketAddict]

SHORT TIME FRAMES I LOVE YOU SO MUCH PLEASE GIVE ME KISS MUAH..

Quote from doggyfx:

Trading frequently in short time frames doesn't mean that every order will generate profit to you. It is more complicated to predict 10 min movements of a market than on 24 time frame because of it's volatility.

Actually it's the other way around.. It's much easier to predict 10 min movements than a 24hr time frame.. Put it like this, if I ask you what are you doing in the next 5 mins, I bet you can give me very specific answer.. But if I ask you what are you doing in the next 5 days from now, I bet your answer will be vague or no answer at all.. Yes, I understand about volatility, but when do you really have to worry about volatility? Mostly on news and when the market open..