TIME: The Single Most Overlooked Component Of Trading
['Nial Fuller']
Learn To Trade The Market
The entire logic of holding trades longer than you think you should stems from my belief that traders should use the daily chart time frames and wider stop losses to avoid being stopped out prematurely from short-term market noise. In this lesson, we are going to look at several daily chart trade setups to show how thinking about time and not just price, can vastly improve your trading results. When you do increase stop loss distance you naturally increase the time you will need to hold that trade as you are placing the stop outside of the daily and weekly average ranges of price movement (or at least this is the goal).