Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537
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The larger time frame, generally the larger the reward per trade (and the risk...). This helps you more easily overcome entry barriers like slippage and commission, as they become a smaller and smaller percentage of your profit from each trade.
Just make sure you aren't overly curve fitting. That is infinitely easier to do the larger and larger time frame you optimize against. Most strategies I am toying with these days are trading thousands of times a week, because I tend to think a strategy should be good at something a discretionary trader isn't -- such as high-speed, low latency, fast round turns, etc. This also generally means I personally focus on smaller time frames, not larger ones, with my strategies.
Are you already a profitable discretionary trader?
Mike
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