What is the best time frame to use as a beginner swing trader. Here is a great example on what times frames to use on your next swing trade!
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Moomoo is a free trading platform:
1. π¨ Earn 5 Free Stocks, Moomoo: https://j.moomoo.com/00geXN
2.π Join my free trading group chat: https://discord.gg/kwVQtmu
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4. πΈ Ricky's Insta: https://www.instagram.com/rickygutierrezz/
5.π₯ #1 Trading Mousepad: https://shoptechbuds.com/
For those who are interested in Trading & Investing, I encourage you to join Our Free Trading Group of over 310,000!
#swingtrading #investing #besttimeframe
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
The Stock Market falling/ crashing can be a scary thing when you are not informed on how to make money during a stock market crash! The corona virus isn't getting any better and opportunity is among us, let's take time to inform ourselves and make the most of this opportunity!
If you have any suggestions for future videos such as Day Trading, Investing, Stock Market, Real Estate, Car Sales, Webull trading app, How To Use Robinhood App, TD Ameritrade, Crypto & bitcoin, Entrepreneurship, Forex, Online Marketing, Online Sales or fun daily vlogs. Please let me know.
DISCLAIMER: Please note that i do not ask for any information. I always encourage our members to trade ONLY what you understand and never based on anyone's opinion. My videos are for entertainment purposes only.any questions to message me as i would love to be a part of your success.
So what is the best time frame to use as a swing trader? This is a question that a lot of people have, and i'm not too sure about yourself right, but a really big focus for my learn plan. Profit 2.0 traders is for the year of 2022. Is to focus on swing training right, especially if you have a full-time job, especially if you're a full-time student day trading might not be something that you can do every single day right, but swing. Training is something that can potentially uh be suitable for a lot of your guys's lifestyle.
So this is what i find so so exciting and again i'm going to be answering your question in depth and actually give you examples of different time frames and why specific time frames might be more effective, depending on the stock that you're trading and also make sure You stay tuned to the very end of this video. If you possibly want to win 1 000 cash so again make sure you drop a thumbs up if you learned something new and consider subscribing, if you guys haven't done so already, let's go ahead and just jump right into it. When asking a question, what time frame is best for swing trading? One of the things that i just like want to answer right away is when asking that very general question, you need to understand that swing trading and then just stocks in general. There are so many different stocks right.
There are very volatile stocks, which are which means that stocks that move all over the place. There are also stocks that are much more conservative and don't move as aggressive. Therefore, when someone wants to swing trade, a specific stock that might be a little bit more volatile, that same time frame is not going to be as useful when trying to swing trade a stock - maybe, like you know, apple or amazon, do you get what i mean So one of the first things that i want to encourage you to do - and i always try to do this, for our beginner viewers - is what i want you to ask yourself is: what time frame does that specific stock respect the most and you might be like? Well, ricky: what do you? What do you mean? What do you mean by what stock does this time frame? Respect the most right? Let me give you again, i'm all about examples. I'm a visual learner.
You guys can. Let me know if you agree uh but tesla right, how many of you guys have heard of tesla - maybe maybe not right, tesla on the day chart, meaning that every candlestick represents one day of time. You can see that i have my indicators. You have your specific indicators that you use as a reference and find to be effective to each their own right.
I have my indicators. I have my moving average set at a length of 200 and my ema set at a length of 80. and i can see that tesla on the day chart respects my indicators on this time frame. But if i were to look at tesla, maybe on the five minute time frame, it might not be as useful right, especially when trying to swing trade, something right when swing training, something you need to ask yourself right. Your intention is to hold for more than just one or two days, most likely right. Everyone has different intentions, but this is why i need you to ask yourself: you know what is your intention with this specific swing trade and when looking at this, i can perform a perfect technical analysis on tesla on the day chart, because i can see that every Time that tesla tries to pull on back, it validates the moving average, which is this green line as a support level. It's trying to formulate a reversal, as you can see here, it came from lows of 1200. It went to support level at 800 at the moving average right and now we're testing and trying to form this reversal, but we're struggling to break above the moving average.
The again i i do agree with the idea that indicators are to be used as a reference. Never as a sole reason on why to take a trade, but based off of the indicators that you use and also based off of the time frame that you perform your analysis on you can then ask yourself right, you shouldn't be afraid to be like i'm only Going to perform a technical analysis on the day chart or on the four hour chart, why not try all of them and and ask yourself this simple question, which time frame does this stock respect the most and based off of the indicators that you use, which time Frame are the most useful for those specific indicators and i think that's where you can kind of see the stars align where you know you might find the day chart to be very effective for tesla. But if i go over to something like shopify shop, shopify based off of its recent performance, it might not be the most useful on the day chart it might and i might need to go to like you know that one hour time frame because recently shopify has Been more bearish, i can see that hey, you know, uh. The one hour chart is actually more useful for swing trading shopify right now, and i can see that this moving average, which is the green line, is acting as a resistance level.
So, every time that we're approaching this moving average, i can be like hey you know: shopify is on a consistent descending pattern. It's getting rejected, i probably don't want to buy and with a simple analysis on a different time frame. I can clearly see that descending pattern. The lower highs, the lower lows based off of the indicators that i use, but if i go on over to the day chart all i see right now is hey.
Shopify has been bearish, but it's been bearish for some while so again, the day chart is not giving me the data that i feel like. I would want right the information that i would want, and it's not that, oh, my god, the day chart is useless. It's not useless again, it's all dependent on the stock that you are trading and what time frame you see it to respect the most right, and that's always what i want to encourage you to do is i want you to do what's best for yourself, although other People might find the five minute time frame or the 15 minute time frame best for day trading. Try it out explore it with an open mind, but don't ever think that you have to do just like everyone else, don't be afraid to try new things and, but also don't be afraid to explore, but also, if you already have a good working system. There's no reason to over complicate it right, but we're talking about spring trading, so i'm not going to get into day trading. Unless you guys would like me to then you guys can comment that down below, but one of the things that i quickly wanted to cover. Um, or at least close, this video on is what trading platform am i using right now. This is the moomoo trading platform.
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So again, if you guys want to partake in that, make sure you smash that, like button make sure you subscribe to the channel and, of course make sure you download the mmu trading platform and again, that is that first link down below, if you guys have any Questions that you guys would like to ask me second link in the description is going to be for my free discord. Please feel free to join at any time. Ask me any questions. I would love to be of assistance to you as you're, just starting your trading journey. I really do appreciate you guys time. I hope that i earned you a thumbs up, please consider subscribing and like always, let's make sure that we in the year on a green now take it easy team.
what a great day! look at all those squeezes!! At least this day was very predictable!!