What Time is Good for You?
In the 2nd Market Club Minute, Adam Hewison talks about a key decision you need to make as a trader - choosing a time frame. Click here to watch his 1-minute video.
One way to facilitate that decision is to list the types of traders and their time frames:
- Buy and Hold Investor - forever
- Active Investor - longer term of a year or more but has a plan to sell eventually
- Position Trader - catch one leg of a trend, hold trades for weeks or months
- Swing Trader - get in for a quick pop and out within days
- Day Trader - doesn’t hold overnight
- Market Maker - constantly offers a bid and ask price
Understanding yourself is essential. Understanding the different risks and rewards of trading in each of these timeframes gives you a framework to find the optimal spot for you. A good place to find out more is the BackTesting Report Baseline - click here to download it directly (no registration required).
(BackTesting Blog is an INO.com affiliate.)
January 11th, 2010 Filed under Classes, Outside Products Reviewed, Strategy Development
Subscribe via Email 
