$Tesla (TSLA.US)$
Day trading provides many trading opportunities. However, to be successful in day trading, traders must make the right trading decisions.
I have been working as a day trader for 12 years, and every year I see many new faces in this industry.
Most of them belong to one of the following categories:
1. Scalpers who only hold positions for 5 to 30 minutes
2. Day traders who hope to close their positions by the end of the day.
The first type of traders (scalpers) only use 5-minute time frame charts to manage their trades.
The second type of traders use 15-minute time frame charts to plan their trades.
Personally, I use 5-minute charts for intraday trades (trades between 9:15 AM and 10:00 AM), and use 15-minute charts for swing trades.
I hope this is helpful!
Is there an optimal trading time of day?
Is now a good time to apply all the wisdom you have learned?
Let me answer your question...
Many day traders forget that day trading means trading within specific time periods, rather than constantly trading. They buy and sell stocks too frequently, eventually exhausting themselves and their resources.
Here, I will discuss the importance of certain trading times.
Certain specific time periods offer more opportunities than other times of the day.
When you are not focused on specific times and trade all day...

Rejected at the 217 S/R level. Watch for a retest of 215.30. If that holds and we get over 217 plenty of room up to 220.51. Otherwise we may see a retest of 213.48 the 30 day POC.
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