Really is no choice unless that trader with 5K account has 50K TLNW. If the trader has 5K and less than 50k TLNW, then the choice is not to to trade. You must have 50k TLNW in order to prudently trade 1 ES contract.
Makes sense...as the volatility ramps up the 1-min chart probably has as much, if not more range, than the 10-15 min chart had just a year or so ago...When volatility dies down, one can go back to the longer tf's...look at todays range 45+ pts in ES.
The 15 minute chart netted 35 points today and the 1 minute netted 39 points from the long signal. Here's the issue---most traders would not hold the 1 minute chart that long.
That's so true, myself included. When I trade 1 minute patterns I am out at the first sign of a reversal. But when I trade longer time frames I can hold position for longer periods and not worry so much about resistance levels on route to a more weighted resistance zone. Again, average retail trader simply can not hang about as he is under capitalised for trading index futures.
Either way, if using stops on the 15 , your margin use must be less than if stops are placed upon the 1.