Key decision | stockbee


Key decision

Key decision you need to make is what time frame you are going to trade on. Decide if you want to be a day trader, swing trader with 3 to 5 day hold, swing trader with 10 to 20 day hold or position trader or buy and hold kind.
This is a key decision. Everything else will flow from it. Your setup is time frame specific. Your tools are time frame specific. Your entry and exit strategies are time frame specific. Your process flow is time frame specific.
Don't flirt from time frame to time frame.
Unless you are genius each time frame involves 6 month to few years learning curve. Plus during that period you may lose money.
Temptations are there every day. Decide your time frame first. It is key decision.

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