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® “Home-Study Course” Study Manual Page 78

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Group #3: Trading Frequency

(Select one “Trading Frequency” level that describes your
current time frame or frequency of trades):

1. “Day Trader”:

The classic “Day Trader” opens and closes all their
trades when the market is open during the trading
period and does not hold positions overnight.
They usually use one-minute to five-minute charts.
“Day Traders” can use either “Scalping”
techniques or can be intra-day “Trend Traders”.

There are three main reasons why day trading
should be attempted by “Master” traders rather
than “Novice” traders:

One: When day trading, trading time is
compressed. Losses and wins come at you
faster and more often which requires a
mature, developed trading psychology.

Two: You must have the psychology to resist

being seduced by the open market. Must

remain emotionless and objective.

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