ETF SWING & DAY TRADING

[Duma]

Sammy - Appreciate your thoughts. I trade 3 time frames, 5", 30", and daily. My sense is that the 60" chart is close to the daily but maybe not.

For the last three months the 30" charts has the following stats: gain of 10+% per month, 67% winning trades, win/loss percents ratio of about 3:1, and about 1 round trip trade per day. Do you have similar data for the 60" trading? With these kinds of stats, a losing trade is really not a big deal. My long this morning cost me .7% but I am presently up 1.5% from the short at 10:00. For Sept, the MTD gain is just over 9%, so the month should easily close out over 10%.

I believe that trading profits will increase as the trading time frame decreases. However the trade off is how much capital one is willing to risk as the time frame decreases. I risk a lot more capital for my daily bar trading than I do the 5" trading.

Maybe the bottom line is that one has to be comfortable with however he trades. At the present I am very happy with my 30" charts, but I would love to hear what your trades are like. It took Little Chico half a year to get me to finally look at the 30 " charts. Now look at me.

Teach me,
Jon