I guess I don't have the stomach for the 5min or the budget...
I've got to go higher time frames.
With the lower frames the probability really goes against the trader.
Everything narrows trying to catch swings. the stop loss doesn't allow for the jumpiness that isn't even due to trend, just static moves.
I hope I'm cured of the 1min, 5 min and even the 15.
the only place I've made money is the 4hr and the Day. But the allure of quick gains keeps drawing me back to lower time frames.
I've thrown enough money at the lower time frames. That's it. I'm done.
Believe it or not the Day chart is the safest place. Lots of room for swings. Position size according to stop loss and amt at risk and it's the safest place to be. Just have to be patient and let it go.
I've got to go higher time frames.
With the lower frames the probability really goes against the trader.
Everything narrows trying to catch swings. the stop loss doesn't allow for the jumpiness that isn't even due to trend, just static moves.
I hope I'm cured of the 1min, 5 min and even the 15.
the only place I've made money is the 4hr and the Day. But the allure of quick gains keeps drawing me back to lower time frames.
I've thrown enough money at the lower time frames. That's it. I'm done.
Believe it or not the Day chart is the safest place. Lots of room for swings. Position size according to stop loss and amt at risk and it's the safest place to be. Just have to be patient and let it go.