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All About Day Trading by Jake Bernstein

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CHAPTER 16High-Frequency Trading My Way

In previous chapters I have stressed the idea that day trading need not be something that makes you a slave to the computer. Whether you use the gap trade or the 30 MBO methods for your day trades, you will find that living and dying with every tick on the screen is not necessary for success as a day trader. Still there are those who cling to the idea that more is more when it comes to trading. They believe that the more you trade, the more you’ll make. This will only be true if you trade large positions; smaller time frames yield smaller profits.

The price moves on a 30-minute moving average channel (MAC) chart, are considerably larger than the ones on a 10-minute MAC chart. Trading in the one-minute time ...

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