Just a note for the people who’re interested
Choose the time-frame of charts by keeping the following in mind.
Daily/Hourly Charts - for intraday trading -for people who want to become rich overnight but they end up becoming poorer after a short streak of small wins
Too much effort , tiny returns.
Too many decisions too take, number of mistakes tend to be high,feeling of greed/fear on hourly basis, can end in having high blood pressure.Need lots of risk-management techniques.
Most of them fail in earning from their own trading and few end up in selling technical-training programs offering quick-rich-programs to others.
Weekly/Daily Charts- for swing/positional trading for one to three months (for people who are there for quick bucks ).
Medium level of efforts, medium returns.Risk management is key here.
Monthly/Weekly charts - for 3-5 years investors - for the people who want to become rich slowly (but surely).
Least amount of efforts with maximum returns - maximum time goes in understandig fundamentals and reading.
Least number of decisions, can sleep well.Risk management is neccessary but less critical as decisions are made after deep-research.
Disclaimer- Excpetions are always there but those are rare.
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