Prior to the availability of real-time intra-day charting platforms, the whole process involve daily, weekly, monthly or quarterly maybe yearly chart.
Probably sometime around 15-20 years online trading in Asia is the advance of intra-day real time charting.
The question that came to my mind WAS and IS ...does intra day charting improve my profitability? Sometime ago, during the initial or early years on intra day platform availability, I use to think that this is the road or the path to profitability. After years of trading, I come to the conclusion it is NOT 101% true.
We should sit back think over what our objectives and the time horizon we are interested when you decided to put our money on the table.
What is our realistic return during the period?
How do we handle volatility during this time horizon with respect to mental and financial?
What are the criteria we use to ENTER and EXIT?
Do we have some simple rule(s) to implement all the above?
Yes the list of questions above are not complete but they should serve as a starting point.
Are we trading volatility? or Are we following trend?
Which time frame charts are we comfortable using?
Do we act on WHEN (TIME)? or WHERE (PRICE)?
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