Many more novice traders try to catch trends in daily time frames than any other method however, this method of trend following is doomed to failure.
Fact: The data within a day is totally unreliable and support and resistance levels are meaningless. Volatility can and does, take prices anywhere and all daily movements are random.
You can’t get the odds in your favour and you can’t win – PERIOD
There are countless millions of traders, trading trillions of dollars daily and it’s laughable to think that you can trade in such a short term time frame and win
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