1 min - tik tok.
1 hour - youtube.
The bigger gambler = the less time frame u will use.
Smaller time frame reduces ur attention span.
U get anxious immediately in 4 5 or say 15 20 min if move doesnt come also a slight %ge fluctuation in small time frame looks big which again play
With pshychology of a trader.
Now come to scalping part - 1) how many scalper have u seen going big or have ever scaled up big in long run, i have seen no one. 2) its just like a bad habit which will never let u ride big moves even when trend is clear and one sided as you become
Habitual of booking profit in small move.
But yes its fun u are enagaged for whole day and most imp u scalpers are the one who is making brokers and people like me rich.
Now what i did - in 12 years i havent traded anything below 30 min charts and if i say of last 5 years
Nothing less than 1hour or 75 min less i prefer.
I dont want to scalp, either a big or sit tight kind of attitude... Its not compulsory to trade everyday every min.
But again its your choice if u think u can get success by trading such tf go ahead, its better u learn on ur own.
Also those who constantly promote smaller time frame is gambler in my view especially those who uses an argument that u need super fast skill to trade 1min chart, dude have u ever taken big trade on such tf?
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#nifty topped out on 27th sept
on 30th sept gapped down
so first significant bear entry came there- #monday gap
but lets see few stocks where gap happened in either Aug or in 1st week of sept which were easy to catch as a short trade.
#Sail corrected 20% from 30th sept
this stock didn't had any gap down but it was most easiest breakdown patterns we can
1) Never mess with trend 2) Never anticipate reversal unless u get a signals on higher time frame
and most important - In strong trend - never see RSI or divergence especially on upside - u will be butchered.
😎
thats how i used extension to derive bnf target...
either it has to be imp level or it has to be candlestick signal
lets say if i m in trade - i will find out imp resistance zone
and will keep riding trend by using any indicator or swing
like this was support for me as I was in Long trade.
chalo u missed early move and wanted to catch momentum -- check chart 2
above 61.8% momentum
now people say -- day trading kaise karein?
go check the retracement both day
Both day were easy to hit long
u needed to understand trend and where to exit.
both day have suggested long in #innercircle same. #bnf
let me post some 100 #fibbonaci number wonders on long term chart.
Post your chart too with #fibbonaci, make sure chart is clean.
this is number 1 in list #ibrealestate
in 2021 it was one of the hot stock - Infact I was also excited took entry at top despite I was seeing Golden ratio rejection.
what happened next is history.
the very same stock took eyeball again few months back -- people went gaga
even we went long -- but exited sharp at 61.8%
Most of young boys who came to me for Job are-
1)Not even Graduate 2) Think for stock market related Job - degree doesn't matter* 3) No communication skill 4) No Financial Backing 5) Highly motivated from social media. 6) Know how to plot Trendline on name of skill.
We are seriously rotting down our youth - One through excessive use of CC another by Encouraging a lot to Take Trading as profession( its not bad though but not easy though)
Majority of youth build their initial capital either by taking loan from family or from friends or bank
and start trading, majority of them are in Debt as they are highly motivated to Build cap big and hence take Insane leverage and fuck up...