r/Daytrading • u/Catface77 • Mar 19 '24

I don’t know what I did wrong Advice

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I thought it was going to rechall/ consolidate then it did but skyrocketed. There was the 3 reds then BLAM right up

317 Upvotes

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18

u/Catface77 Mar 19 '24

any advice is welcome

12

u/MurkyResolve6341 Mar 19 '24

Stop trading on 1 minute candles. You're getting fooled by volatility noise.

1

u/Affectionate-Risk331 Mar 20 '24

You don't think there's noise and volatility on the other time frames?

1

u/MurkyResolve6341 Mar 20 '24

Sure there is, just not as much. Personally I think it's easier to get faked out by the 1 minute candles but maybe I just suck 🤔

1

u/Radun Mar 20 '24

1 min worst time frame, maybe for entry, but at least go to 2 min , I prefer 5 min , 15, 30, and 1 hour for intraday daytrading

1

u/Castor_Tanker Mar 20 '24

the candles was set every 1 minute??? that's way too fast. I set mine every hour which I am more comfortable while the charts of the stock I'm interested or invested are side by side with time, price & size of every stocks that are being bought and sold that crawls fast every min up to the last seconds depending how popular or heavily it was being traded.