For total novice traders, who want and need to learn the art of profitable trading, the first decision is timeframes. Initially I was looking at daytrading, however numerous comments have forced a rethink. Daytrading is without a doubt the hardest timeframe to trade. The decision process has to be fast. Speed in the decision process comes with experience.

Pattern recognition is fractal, thus, timeframe is totally unimportant from this starting point. It is all about decision speed and recognition speed, that are put together in a rational framework to manage risk.

I have noticed through a few of the blogs that I follow that this concept is actually not accepted at all. The reverse seems to be argued: that risk and decision speed are best managed in the shortest timeframe available, viz. daytrading.

Food for thought

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