What is the best trading system? What time frame should I trade? What should I trade: forex, stocks, commodities? Some questions I get asked.
To each of these, I have found that it is a very individual thing. We each have a preference for what we consider is right for us.
I have found, however, that the simple approach is best. Master one method.
In the lower time frames get to know one chart (really) well and trade that chart only.
Day trading requires undisturbed focus. Therefore lower time frame trading is not for everyone. A higher timeframe, such as daily charts, is a more appropriate place for most.
Mastering a system or method does not happen overnight – It took me several years to be able to make any contribution as a combat pilot – The same is most certainly true of trading.
A successful trader needs to have enormous amounts of patience and perseverance.
As to what to trade? Our chosen system or method will guide us.