One day, one candle, one decision. Spend only 30-45 minutes every 1-2 days to analyze the markets
We are used to think that the more time we spend doing something, the greater the return on investment. That is not necessary true and in most cases it is a complete fallacy. Spending half an hour a day in front of your trading platform is enough to earn your living as a full time trader. Our supply and demand methodology can be used on any timeframe combination be it, intraday, swing and longer term trading. However ask yourself why would you want to spend 4-8 hours a day in front of the screen if you had the opportunity to work for just half an hour a day.
There is one fact you just cannot change no matter how hard you try –> The lower the timeframe the more noise you will find, therefore it will be more difficult to trade it and you would need to be a much more experienced trader to trade the lower timeframes. Most traders think that the lower the timeframe the better they will do and the more money they will earn. I believe you already know what is generally (not always) the result of that thinking process. It is like saying “hey I am learning how to drive, can I borrow your Ferrari?” Instead of using a slow, small car with less horse power.
Deciding how many hours you want to spend in front of your trading platform is one of the most important decisions that you will have to make in your trading career. You have to make this decision for your lifestyle and your trading goals. Trade to live, or live to trade? Which one applies to you?
The “Set and Forget” trading methodology is a way of life, it is not about being in front of the computer 6-8 hours a day. The “Set and Forget” higher timeframe analysis can be performed in less than one hour a day, once a day or once every other day and that should be enough.