Daily chart traders: what does your trading week look like?

Trading the daily chart means few trades, wide stops and a different relationship with time: the position lives for weeks, and the analysis happens once a day.

Daily chart traders: what does your trading week look like? — risk-reward diagram
A risk-reward ratio of 1 to 2

Describe your week:

  • how often you check charts and manage trades
  • the setup frequency you actually see
  • how you cope with the slow pace
Daily chart traders: what does your trading week look like? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The trading styles guide frames the daily-chart life.

Comments

Log in to join the discussion. Comments follow the community guidelines.

Log in to comment

Loading comments…