I am a higher time frame trader. I've always been that way. Look to the Daily chart or Weekly chart for direction, and when you get a signal, drop down to the 4HR chart to enter a trade. That's how I was taught to trade. It worked for a time. But it is becoming increasingly difficult to trade like this in today's messy market.
I have come to the conclusion that scalpers and day traders are likely making more money trading than swing traders. I want a piece of that action. But because I am not that kind of trader, I am in need of advice that will help me to become a successful scalp/day trader.
I am inviting people who have experience scalping and day trading to share words of wisdom to help people to transition from trading higher time frames (4HR chart and above) to successfully trade lower times frames (15 minute chart to 1HR chart).
This thread is not for people to debate. Please, no arguing. Just share your tips for scalping and day trading. Thanks!
I have come to the conclusion that scalpers and day traders are likely making more money trading than swing traders. I want a piece of that action. But because I am not that kind of trader, I am in need of advice that will help me to become a successful scalp/day trader.
I am inviting people who have experience scalping and day trading to share words of wisdom to help people to transition from trading higher time frames (4HR chart and above) to successfully trade lower times frames (15 minute chart to 1HR chart).
This thread is not for people to debate. Please, no arguing. Just share your tips for scalping and day trading. Thanks!
You don't know because you don't ask.