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V. 21:5 (61-62): Choosing The Right Time Frame by Hal Masover
V. 21:5 (61-62): Choosing The Right Time Frame by Hal Masover
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Choosing The Right Time Frame by Hal Masover
Using multiple time frames has many benefits, but which ones work for you?
A friend once described his perspective on time frames: People have different definitions of long term, short term, and intermediate term. For me, short term is when I get on the phone with my broker and get in and out of a trade before I hang up. Intermediate term is when I get into a trade, hang up, then call right back and get out. A long-term trade might be when I get into a trade, get off the phone, go to the bathroom, come back, call the broker, and get out.
On the other hand, some traders enter positions that can last for years. Clearly, there are very different definitions of long term and short term.
Most likely your definitions fit somewhere between these extremes. But do you always maintain the same time frame definitions, or do you revise them with different trading methods? How do you find the right time frame for you? Is there a right time frame for you?
Using multiple time frames has many benefits, but which ones work for you?
A friend once described his perspective on time frames: People have different definitions of long term, short term, and intermediate term. For me, short term is when I get on the phone with my broker and get in and out of a trade before I hang up. Intermediate term is when I get into a trade, hang up, then call right back and get out. A long-term trade might be when I get into a trade, get off the phone, go to the bathroom, come back, call the broker, and get out.
On the other hand, some traders enter positions that can last for years. Clearly, there are very different definitions of long term and short term.
Most likely your definitions fit somewhere between these extremes. But do you always maintain the same time frame definitions, or do you revise them with different trading methods? How do you find the right time frame for you? Is there a right time frame for you?
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