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konrad  
#1 Posted : Sunday, August 7, 2005 2:49:23 AM(UTC)
konrad

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Location: connecticut,USA

I am new in investing , I would like to know what is a good rage time using intraday scale ? 60,30,15,5,1 minute? with of that range most investors used? or maybe somebody tell me more about other way investing for a young investor? thanks
StorkBite  
#2 Posted : Sunday, August 7, 2005 5:01:28 AM(UTC)
StorkBite

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Quote:
I am new in investing... what is a good... intraday scale?
Hey K- You are bound to get a lot of opinions with this one... let's back up a sec and distinguish between investing and trading. Investing is for the long haul, based primarily on the fundamentals. Trading deals with shorter periods (usually) based in large part on technical analysis. You won't be investing using an intraday scale. Trading on the other hand is a whole different creature. My recommendation would be to start out with a longer time frame until you have experience trading. At least a year or two of successful trades. Maybe use a weekly chart and confirm the trend with a daily chart to identify entries and exits. Once you have a good system that consistently works for you, you can move to a faster time period e.g. 60 minutes. It's easy to spend your equity overtrading with intraday charts. I know. My two cents would be to start slow and gain some confidence. Read all you can about trading. Stick to a particular sector and perhaps a few select securities until you can predict what they are going to do with some degree of accuracy. I think you'll have a much longer career in trading that way. Good luck to you. g_ :D
hayseed  
#3 Posted : Saturday, August 13, 2005 2:18:36 AM(UTC)
hayseed

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hey k... thats an excellent question but hard to answer.... the 30 and 60 minute charts work well with something like the 'dia' and 'spy' but are tough with 'wedc'..... you just about have to test drive them all on what your trading..... might be worth remembering that the shorter time frames tends to increase frequency of trades.... that can increase stress, which can take some of the fun out, unless your cool hand luke..... keep the broad market type indicators , the mcclellan's and summation's, in mind..... those might be the 2 most important of all time......h
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