Time Frame Trading (Know what kind of trader are you?!)
Just like what I am always saying...
First you must identify what kind of trader are you?!
TAGALOG Version below and I divided them into Four (4), as per market description.
![The 15 types of Forex Traders [Infographic].png](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmPGJetcEnLRXbKgczaseAuBhRCmqreneXBTwiWnfSafr1/The%2015%20types%20of%20Forex%20Traders%20[Infographic].png)
credits: moneylab
This will definitely help you with regards to choosing the proper "Time Frame" of plays and the strategies that fits you...
Types of Trader: Recommended Time-Frame (Let's divide it into 4-four)
With my very own definition/interpretation sa ganang akin lamang kaya walang basagan ng trip o_O
Scalper: 15 mins down to 1min Charts (Eto un mga makakati at di mapakali na mga personlality. Gusto ng mga toh Actions at ang Idol nila ay si Gardo, di namamatay kahet ilang bese na nabaril at nasabugan. At higit sa lahat hanggang ngayon buhay padin un teleserye nya sa gabi---LOL!!!)
Day Trader: 15-30 mins 1-2Hours Charts (NSFW, Not Safe For Work. Eto un mga pips na meron work pro habang nasa opisina panay padin ang silip sa mga trades nila. Sila un mga tao na maiigsi at maliliit ang... "akala nyo kung ano na noh, wag ganon koya and mga ateng--try to read between lines"; ang pasenxa at mainipin kaya di nakakatulog ng di pa nabebenta ang trade nila--PERO wala padin tatalo sa mga makakating scalper, whahahah.)
Swing Trader: 4 Hours - 1 Day Charts (Pips that normally don't have enough time kaya weekly basis lang kung sumilip, ika nga kailangan magpahinga and palakas muna si manoy bago sumabak sa laban; sila un ready for a long foreplay bago umabot sa climax "NSFW: for mature and married couples topic, who will and should understand my comparison. Totally unrelated--lol". Trade last for days and even weeks).
Position/HODLER - 1 Day, Weekly and even Monthly Charts (*Eto un mga Bluemoon pips, parang once in a bluemoon lang sila pumasok pro pang malakihan ang kubrahan. Fundamentals is a must. Buy on News and Sell on FOMO. Investor type. Strategy is called cost averaging; Disadvantage is they don't care much if market is up or down, they simply buy on an average amount they allotted whether on a monthly basis or every time they have their income"). Positions can last years.
Related Topic: Indicators that fits you!
https://steemit.com/bitcoin/@henrymac/moving-average-filipino-tagalog-sma-vs-ema
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BONUS PART:
Watch and ENJOY this short video clip.
a. Cryptocurrencies DIVIDEND
b. Best Performance Assets the last Decade
Identify what kind of trader you are and not what you want to be?!
Ano ibig me sabihin d2?!!!
First for us to go to our Point B, we need to know first where is our Point A. Ang ibig ko sabihn, your trading style will mainly refer to your character (At first and lalo na sa mga newbies), kc our personality will dictates most of the time when it comes to decision making, lalo na pag crunch time (di maiwasang maging emotional, at kahet anong pigil meron talagang part ng emotion naten na magtritrigger saten to B&S).
So ano ang paunang solution sa ganitong scenario. As I mention, we need to identify what category we belong para we can use specific strategies and indicators na bagay sa character/trading type naten.
Until such time na we are discipline enough to choose what kind of trading we want to be or use in a specific scenario.
Related topic:
https://steemit.com/bitcoin/@henrymac/moving-average-filipino-tagalog-sma-vs-ema
Feel free to check my other blogs.
Regards
Watch and ENJOY this short video clip.
Best Performance Assets the last Decade
