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How Much Time Should You Spend Trading And Analysing The Markets

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How Much Time Should You Spend Trading And Analysing The Markets

hey hey what’s up my friend so in today’s episode I want to talk about how much time should you be analyzing and trading the markets how much time should you spend okay so there are a few factors to this number one your time frame so clearly right someone who trades on a daily time frame in a five minutes time frame the time span will be greatly different let me give you an example let’s say you trade on a daily timeframe this means that every 24 hours one candle will be full so it doesn’t make sense right to be looking at the chat every one hour every 15 minutes every 30 minutes because the candle will not be form it’s still in the process of forming so the higher time frame that you go the last time you’ll spend trading and analyzing the markets because of the fact that candle takes a longer time to form on the other hand if you trade off let’s say the five minutes timeframe this is where you need to spend more time you know analyzing and trading the markets because the market moves faster every five minutes and you can do is form every five minutes and you can do is form and when the price breaks out of resistance you have to make a decision do I buy now or do I wait for a retest if the market no moves in your favor do I take profit now or do I still hold onto the trade longer to trim my stop-loss so you can see that a lot of decision making right it’s it happens much faster on the lower timeframe compared to the higher time frame so number one the first factor is your time frame the lower time frame you go you spend more time analyzing and trading the markets the higher your time frame the less time is required number two experience so based on my experience okay experience plays a part as well for for new traders they spend a lot of time training and analyzing the markets they look anywhere from the five minutes thirty minutes for our daily weekly timeframe all up and down and when they get a trading setup let’s say on a daily timeframe they go down to the lower timeframe to look for confirmation right to see whether you know the trade is it gonna move in my favour your era so no so traders with like this experience they spend a lot of time trading and analyzing the markets but for more experienced traders who know what they’re looking for who have an idea right a good idea of their trading setup they don’t spend much time analyzing and trading the markets because they really know what to look for right they’re not all over the place so for example I trade off the 4-hour and daily timeframe I already know what is the setup I’m looking for if let’s say price comes into support you get surprise rejection I’m looking to buy all right if I trade off the four-hour time frame that means I only need to look at the chats every four hours so I already know what to look for so experience here also plays a plateaus with less experience they are glued to the screen all day long trying to find something anything that moves whereas experienced trader they are mainly on the sidelines letting the market comes to them and they would you know you know uh hunt it down right when the trading setup come so they are more like a lion okay and finally right the last thing I want to share is that more time span right analyzing and trading the market doesn’t really make you more productive but there are two two sides to this right so for new trainers naturally right I would agree that you will spend more time analyzing the markets because this is ways that will read the chance read the price section right identify support resistance all this you need screen time okay but once you have kinda know understand apart maybe after a couple of years or two or three years you really have that nailed down right then more time will not make you a better trader or more productive trader in fact yes you have more experience right the more time you you spend training and analyzing the markets the worse your results will be because usually what happens is that you’re over treated you’re finding a trading setup when it isn’t there right you’re finding something to do when you shouldn’t be doing anything at all so there are two sides to this right there you know more time it doesn’t mean that you’re more productive but for starters right if you’re new to treaty you definitely meet them more time right the more screen time to kind of you know watch the market what’s the price how it goes up and down and stuff like that okay so I hope that you know makes sense to you right regards to how much time you should spend analyzing and trading the markets so with that said I have come towards the end of today’s episode and I will talk to you soon you

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