What time frame should I use for day trading
There are different time frame in intraday chart pattern which are useful while trading.
Time frame is depending upon your profit margin or target which you want to keep on trading.
Suppose your target are smaller like below 1% you can use 5 mins or 10 mins time frame in intraday chart.
If you are looking for bigger target like 2% to 3% than go for 15 mins or 30 mins time frame.
I advise to follow EOD (End of the Day) and Weekly chart too to determine your intraday trades which will give you clear idea about intraday trend.
If EOD or Weekly chart is showing bullish trend, try to buy that stock with 15 mins or 30 mins time frame chart patterns which will give you decent results.
I am mentioning all points which will be useful to gain some knowledge:
There is 3 best time frame which would useful to you for day trading 5 mins, 15 mins and 30 mins.
You want to practice on each time frame with indicator or tools and after that you select one of the time frame on which you are confident.
As per my view 15 mins or 30 mins is best for day trading because it gives you fast and correct decision compare to other time frame.
Before taking decision to buy or sell stock as per shorter time frame please check trend of stock in long term time frame
So it’s give you correct decision that stock is in uptrend or downtrend.
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