What’s the Best Time Interval for Day Trading?



WHAT’S THE BEST TIME INTERVAL FOR DAY TRADING?

THE 5 RULES:

  1. The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade.
  • This is from entry to protective stop.
  • If holding overnight, then is risk of your hedge.
  • Keep going smaller in time interval, and find what the risk is on 80% of those trades and if it’s more than 2%, then you have to go to a shorter time interval.
  1. Avoid the noise. Make sure your patterns and trade setups are happening consistently and that it’s not too short of a time interval.
  2. How much time do you need to see your setup, analyze the setup, and execute the trade with confidence.
  • This may change over time as you get more comfortable with your trading method.
  1. Your psychological need for trade frequency.
  • Shorter time intervals give you more trades. Getting bored and distracted is a big problem in trading.
  1. The average daily volume of the market you’re trading. The more volume it trades …
  • The more volume it trades …
    • The faster time interval you can use.
    • But with tick charts, if your tick interval is too fast, then the triggers go by before you can enter them.
  • The less volume it trades …
    • There’s more noise on a smaller time interval.
    • On tick charts, you will get more trades if you use faster tick intervals. 

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