Well it all depends upon case to case. Few times in past, I have come out in profits within a matter of seconds. Yes during very high volatility. But I don’t trade that way. You may also lose away big in a matter of seconds.
On an average, my time period of holding positions remains short , lasting from 15- 30 minutes usually & at times upto 2- 3 hours at max.
Markets are tricky, and patience is rewarding.
I enter on breakouts but many times there are false breakouts too. I usually enter on strong patterns formation but don’t trust technicals. By patterns formation I don’t mean any of those patterns which are in technical analysis like Harami pattern, bullish engulfing, bearish engulfing, blah blah.
I weight the charts on the basis of overall strength.
In the past, Many times I have missed the bus , only to realize after couple of minutes that I missed big profits. And at times, I would jump onto the bus so in a hurry only to realize what a blunder I did!
But as I said, it has been a thing of past. Presently, these blunders have been reduced to minimum.
In my opinion, experience is all which counts the most when it comes to trading.
@Tintin I hold positions anywhere between 2 days to a week. But I have noticed one thing, if the trade has not moved in my
direction in first couple of days, it is always better exiting the trade than holding on to it and hoping.
Depends on the situation. Lately I’ve developed a bad habit of booking profits early. I’ve been working on it. Usually my intraday position holding period range from 1 min to 4 hours.
bullish engulfing, bearish engulfing, blah blah.