This is How Smart Traders Look at Things

You have day traders who close out all their positions by the market close.

And you have swing traders who are willing to hold their positions for weeks and months.

Ross is a swing trader…

But there’s nothing wrong with being a day trader either – it’s just not his style, as it usually requires using a lot of leverage to make acceptable returns.

The only thing wrong is not understanding how to look at things over multiple timeframes.

For instance, Ross is not a day trader, but he often makes a point to study intraday movements.

And smart day traders know how to zoom out and view things on a longer timeframe as well.

The lesson here is this…

If you want to be a successful trader, you need to be comfortable viewing a stock or asset from different timeframes to make a more informed judgment call.

Sometimes, even looking at a timeframe that spans years can be extremely helpful – even if you’re not a long-term investor (for instance, in commodities).

Don’t be short sighted.

Right now, the market is in a bit of a choppy period.

But if we zoom out, we can see that it’s a perfectly normal consolidation after months of a strong uptrend.

Don’t be worried and don’t let yourself get shaken out.

Stay in the game.