Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: booters who wrote (9113)	6/23/2000 12:39:00 PM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

boots, Two other points about time frame charts. Each length chart attracts its own crowd and we each compete against one group better than another. So shifting to another time frame leaves us at at a disadvantage since the players that already trade it understand its quirks and are in rhythm with its timing. Also we all tend to be early or late into our positions. Shifting to a faster chart helps if we're often late but can hurt if we're early. Alan

To: booters who wrote (9113)	6/23/2000 1:08:00 PM
From: Robert Graham	Respond to of 18137

Good points with your observation on your comparison on stock charts that trade "slow" to the SPOO where the 15-min chart would not be as practical. Also I want to make one additional point. Trading in shorter time frames does provide new challenges that need to be handled. For one thing, price still looks to be valid when it actually is congesting and a look at a larger time frame would of provided better perspective. Also managing trades in a quick acting setting that the trader needs to respond more quickly too also plays more upon the psychological aspect of the trader. Mistakes are more prone to be made here. Trading also can be more prone to be driven by fear or greed in the shorter time frames. Scalping is the extreme example of this which requires IMO rock solid discipline and focus compared to other approaches to trading in other longer time frames. Bob Graham