Archive for the ‘charts’ tag
stock charts
stock charts
When looking at stock charts and timeframes…?
When looking at stock charts, when do you know to look at a 1 day, 10 day, 6 month, yearly, etc. chart?
Use the chart time frame that best describes the amount of time you are looking to stay in a position. The information in that chart would be your best as charts are used to identify entry and exit points for many traders.
Therefore, a day trader would look at daily charts – even in minute increments. A long term investor would look at 1 to 5 year charts, possibly in weekly or even monthly time increments. A swing trader may look at 1 to 3 month charts, in daily time increments.
Good luck.