What's the Best Time Interval for Day Trading

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Top Dog Trading Podcast

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WHAT'S THE BEST TIME INTERVAL FOR DAY TRADING? THE 5 RULES: The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade. This is from entry to protective stop. If holding overnight, then is risk of your hedge. Keep going smaller in time interval, and find what the risk is on 80% of those trades and if it’s more than 2%, then you have to go to a shorter time interval. Avoid the noise. Make sure your patterns and trade setups are happening consistently and that it’s not too short of a time interval. How much time do you need to see your setup, analyze the setup, and execute the trade with confidence. This may change over time as you get more comfortable with your trading method. Your psychological need for trade frequency. Shorter time intervals give you more trades. Getting bored and distracted is a big problem in trading. The average daily volume of the market you’re trading. The more volume it trades … The more volume it trades … The faster time interval you can use. But with tick charts, if your tick interval is too fast, then the triggers go by before you can enter them. The less volume it trades … There’s more noise on a smaller time interval. On tick charts, you will get more trades if you use faster tick intervals.  Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results. It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules Go get it for free while the show is still new.