Simple's Green Room

[pennies2007]

It's completely up to you Qui. Nobody knows your risk tolerance better than you and don't let me or anyone else tell you different. I have my own risk tolerance on trades and I will cut and run when those limits are hit.

Larger time frame trading may not be suitable for you but that's not a problem at all. Many traders have to find their comfort zone when trading and that includes not only risk and style but time frame preference. Simple just made a great post on using 5 minute charts to trade with. Check it out and see if it might work better for you.

Keep in mind though that, as with any system, it's imperative that you take the setup and run it through the strategy tester many, many times until you are completely comfortable using it. All systems need time for the user to train and get completely familiar with it inside and out before hopping in with a live account.