DislikedHello, one thing i would like understand
if on each trade our risk is 1% risk and 2:1 ratio
if we do this on m15 charts we could get one or several winners in the day.
For each winner, our account is 2% up.
Now if we do this on daily, we need more than 1 day to have a winner and the profit in our account is also only 2%
so we must make more money with the m15 time frame than with the daily ????
Can we conclude that a sucess trader will win much more on low time frame than high time frame with the same method
Thanks for your answers...Ignored
Abstractly on paper this sounds fantastic, but then when it comes down to the reality this is very difficult to do(meaning extrapolate out based in theory).
If I could go back and do it all over I would really stress to myself to learn to trade right and let my method dictate the profits when that happens. Start with building a proper foundation(learning to trade on daily/weekly with RIFLE shots through demo as per the j16 min req.) and then let things fall into place. You may find this is the case for you, no one can tell you differently but it's all easier said then done.
I hope that makes sense and keep at it
MIke