The now or the then . . .
The answer to this is very simple really - From a technical point of view it depends highly on your trading methodology and which market cycle that methodology fits in. You would normally choose your market cycle according to your porfolio size. The smaller you portfolio the smaller/shorter your time-frame and the smaller your market cycle.
Fundamental traders would normally opt for a longer time frame, but then obviously have to have the capital to back this approach.
I normally find it is good to have an eye on the larger time frames and fundamentals and position yourself in the shorter time frames with that in mind.
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