Technical analysis < Trump / FED The market seems range bound to me. I know some people like to refer to candle open/close as supply/demand and the wicks as excess.
You can diversify by trading: Different versions of a same class of financial instruments (for example, for equities: individual stocks, ETFs / futures, options, etc.) Different classes: stocks, treasuries, forex... Different sectors within a class (for example, for futures: equities, energy, agris, etc.) Different timeframes, normally, in order not to go crazy, using different accounts (or instruments), for example, you could swing trade long ES and daytrade short MES) Also: For me cutting loses has (for the most part, save a few times many years ago that I would go on tilt) not been a problem. However, letting *big* winners run was a problem for a very long time. I'm not talking about x10 or x20 R (risking 2 ES points to make 20 or 40 points - getting those trades without being stopped out on a trailing stop was a different issue), I'm talking about being up (in mid-size account) 50% with several contracts and start to freak out about losing the open profits, when the trade had plenty of room to run. So I found that I cannot hold for big winners when I have 100% of my account in one single trade, but I have not so much of a problem if I have 20% each in two long term trades that have the potential to double, 20% in a swing trade that is oscillating between +10% and 40%, 20% in a stock that is up 70%, and then day trade with the rest to smoothen the curve. But then again, sometimes it becomes a bit too much (for me) to keep track of everything, so you get the feeling that you're missing trades where you should go for a homeurn (but that in practice, at least in the past, I would cut short).
1 minute chart, but looking at that you can actually see what the 5 and 15 would look like. We've got 3 attempts at a bottom here.
In my view, if you are using a 1 minute chart, it's important to look at it in a very wide view in order to get better context.