Hello,
Fairly new trader here, still on demo and learning. My question is should I be studying several different methods of trading for different market types and time frames?
For example, I'm pretty sure that as I go along I will most likely stick to higher time frames 30" and above (I will however drop down to 1 and 5 minute just to watch and learn price action as in the James 16 thread).
But should I be learning different strategies for say, sideways markets such as Raghee Horner's "Wave", as well as other strategies and methods like Vegas, Mark Mcrae, 5/16/32, etc. Or, should a new trader just stick to one method on one time frame and market type only.
Any suggestions from you more experienced traders out there? How did you start out your learning? Did you stick to one method for one market type, or did you start to build the toolbox right away? Thnx.
Fairly new trader here, still on demo and learning. My question is should I be studying several different methods of trading for different market types and time frames?
For example, I'm pretty sure that as I go along I will most likely stick to higher time frames 30" and above (I will however drop down to 1 and 5 minute just to watch and learn price action as in the James 16 thread).
But should I be learning different strategies for say, sideways markets such as Raghee Horner's "Wave", as well as other strategies and methods like Vegas, Mark Mcrae, 5/16/32, etc. Or, should a new trader just stick to one method on one time frame and market type only.
Any suggestions from you more experienced traders out there? How did you start out your learning? Did you stick to one method for one market type, or did you start to build the toolbox right away? Thnx.