Hello traders,
There is not such a good or bad timeframe.
Like cooking, everything depends on how you use the ingredients for your meals.
Intraday timeframes
Pros
Cons
Swing timeframes
Pros
Cons
Have a great day
Dave
There is not such a good or bad timeframe.
Like cooking, everything depends on how you use the ingredients for your meals.
Intraday timeframes
Pros
- Earlier entries
- Earlier exits => losers are smaller compared to losers with SWING trades
- You make your daily goals earlier
- With Intraday trading, we're not impacted by contracts expiration, rollover, over-weekend, overnight fees
- It's rarely boring (especially with indices trading)
- Leverage isn't needed
- Perfect for beginners or small capital
Cons
- More in/out entries => you have to enter, exit, enter, exit until the real move happen
- You have to be more reactive and accurate when taking a position or exiting.
Swing timeframes
Pros
- More time to react and prepare
- We don't need to be too accurate with our entries and exits
- You're less impacted by news/events/rumours/tweets - They have a real visible impact on intraday but generally don't change a thing for the swing trend
Cons
- Bigger drawdown by design
- Forces to hold trades over multiple days/weeks.
In a range, we pay a lot in funding/rollover fees before the real move happens.
Being double digits percent down because of fees isn't pleasant.
- Big capital required to afford to lose a few percentages sometimes with those trading fees
- 1 click takes 5 seconds.
Then you wait and wait and wait and wait, and then look on Twitter for ideas to invalidate your entries.
When your favorite guru shares a contrary setup, you follow his/her call and wreck yourself.
You really need patience with SWING trades.
If the patience for you is an issue, I'd stick with Intraday.
Have a great day
Dave
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⭐️ Listed as TradingView Trusted Pine Programmer
📧 dave@best-trading-indicator
Telegram: Daveatt
⏩ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
