InvestorQ : How do I set my time frame in case of trading positions?
Sam Eswaran made post

How do I set my time frame in case of trading positions?

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Crowny Pinto answered.
3 years ago
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Actually, setting a time frame becomes all the more critical when you are a short to medium term trader. The onus of churning your capital and maximizing your ROI on the capital becomes a lot more important in case of traders. Traders normally have a very short time perspective. That is where you have to eschew the temptation to wait a little longer. You have entered a position with a 1-week perspective. If your trade did not work in that time frame, then it is your job to just move on. Similarly, when markets are getting volatile and predictable, it is important to proportionately shorten your time frame so that you can reduce the overall risk of your portfolio. As a trader, your time frame can extend from 1 day to a few months. Of course, you need to ensure that whatever be your time frame you have your risk-return trade-off well established.

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