If you look at timeframe of let’s say five minutes or even 60 minutes, for example, or hourly timeframe, this generally means that you are very, very short-term trader, either insider trader or short-term swing trader. So the thing is that to become a profitable and good short-term insider trader, or short-term swing trader, it requires a different kind of personality and skills that usually you have to be someone who’s able to really make decisions very quickly, very decisive and your ability.
And of course, at the same time, you must be able to afford the time, because if you are looking at five minutes, 60 minutes, you’re a short-term trader, if you’re not a full-time trader, it’s really, really difficult to do that. Alright, so, but of course, if you are busy, you have a very hectic work and you are generally not a very active or a very decisive person, you need to take time to think over, then going to a bigger timeframe will actually be helpful for you.
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