Struggling newbie: unlucky, betting on the bull run starting 2007. Successful trader: lucky, betting on the bull run starting 2009. With a little bid of luck any newbie can be successful. In all seriousness, skill is important but don't overlook the element of luck, it is often more important than skill.
%% True, tradable, trendy; + named ''penny stocks'' for a good reason; no telling how many of them are worth much more than TSLA. , LOL
the rookie learns from his results the successful one feels sure of himself the rookie has greed the successful perseverance and responsibility
Mostly no difference between them. They could have similar computer, similar trading platform, similar charting software, similar education background, similar IQ, same trading coach difference is in their mindset.
But the 1 min is noisy. You are being fed new information every minute. Its very difficult to keep up with price action while you watch a bar close every minute (i've scalped off and on for years. I'm not saying its impossible) The hourly chart shows a better view of what market participants are doing compared to the 1 minute, and you have plenty of time to make a solid, well informed decision on a trade. Regardless of newbie or professional, giving yourself the time to analyze, process, and react to information makes a world of difference when trading.
it depends on market situation. around Feb / Mar 20, market was moving rapidly. 1 min chart (or small volume chart) was considered as rather coarse. last few weeks, market has been rather slow moving. so 1 min chart ( or small volume chart) would gave too much noise. for day traders, choosing the appropriate time / volume based charts is very important. too fine and we have lots of noise. too coarse and we miss the opportunity.