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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There will be days in trading when nothing makes sense. Confusion. Regret. FOMO.
Let me break it down for you 🧵👇
As an option buyer, you’ll sometimes see option sellers making steady profits in a flat market.
You’ll think:
“I should’ve sold today. That was easy money.”
Regret creeps in.
As an option seller, you’ll watch buyers post huge MTM screenshots during trending days.
And think:
“I could’ve made my entire month’s profit today if I had just bought.”
Again… regret.
#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%