HI ,
I use 5min TF for trading . Have been using it for 2 years , now I am seeing that in 1min TF , i may enter a stock more precisely (i mean very very precisely) .... but then my exit signals will also be quick . i.e less profit - but sure profit .
>> In 5min TF , I have a problem of patience of holding it , and I exit prematurely..(even if making a small loss .. but then it goes my directiion afterwards) . In 1 min TF , in paper trading , I enter and its down within 3-5 mins and i am out . while it takes 5mins for 1 candle in upper TF.
>> exiting prematurely in 5min and trading in 1min indicating i am a scalper ?
should I start scalping ? .. many a times in LIVE trading i have switched time-frames back and forth ... leading to frustration..
1. Drawbacks of 1min would be ????
2. Scalping advice in 1 MIN TF ???
Need Help guys ..
Thanks