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The longer the cycle, the less susceptible to short-term fluctuations.
Many times, you can see that the weekly K-line is rising all the way, but if you look at the daily K-line, it may go up and down. Today it will rise sharply, and tomorrow it may fall sharply. Therefore, there is a short cycle such as the daily line. Too much uncertainty, too easily influenced by emotions.
Remember, the smaller the cycle, the harder it is to trade.
Like many stocks, it will rise in the long-term, but it may fall in a few days, so this is where the weekly line has an advantage over the daily line.
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Last updated: 09/01/2023 00:43
Weekly trading and daily trading, this is determined according to each trader's habit of trading system.
What suits you is the best, there is no so-called advantage.
The actual situation is that the larger the trading cycle, the larger the stop loss points will be. The advantage is that you don't have to care about short-term fluctuations.
I am an intraday trader, the maximum reference period is 4 hours, and I also look at the daily line.
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Last updated: 09/02/2023 09:02
The transaction level is related to the amount of funds and the way you operate.
The larger the level, the more stable the structure (time and space), but the lower the operation accuracy, most of the profits can be eaten, and the risk is relatively small.
The smaller the level, the unstable structure (time and space), but the higher the accuracy, the easier it is to obtain high profits, and the greater the risk.
If you do long-term large funds, you basically operate at the weekly level and above.
The level of short-term traders may be relatively small, and the requirements for operating level and market understanding are relatively high.
For most of us, it is a better choice to look at the weekly line and do the daily line.
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Last updated: 08/26/2023 06:28