Discussion in 'Strategy Building' started by nzbryant, Jun 21, 2005.

  1. Am I right in thinking that you must hold until you get a signal on your decision making timeframe, and withstand all fluctuations in a smaller timeframe?

    For example - I have just decided to put some of my money into swing trading on daily charts - making decisions only end of day. I'm finding it a lot harder psychologically though to ignore the big intraday swings that go against me ($1,000 yesterday).

    Do others agree?

    For example, if you trade on 5minute charts, do you ignore all the fluctuations on smaller timeframes (e.g. 1min) - so you dont get whipsawed?