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There is another crucial aspect of time duration.
It is average time of losing trades vs average time of winning trades.
Usually,I have found that in practically all of my good trading days,my losing trade's time has been shorter than my winning ones.
I am now an intraday trader BTW.
And this relates to time duration between trades.If after staying too long in a losing trade,then we compound the problem by inmediately entering another trade,we are probably not going to be in the best of mindsets to achieve the desired result.
I abolutely agree with you that there is a personal rhythm for succesful trades.
In my case,as an intraday trader(mainly ES and some CL) it involves 3 things:1-Longer trade duration for winners than for losers, 2-Make around 6 trades per day
and 3-Avoid trading or reduce size 12:00-13:00 ET,which is a time zone where you can expect churning and volatility contraction.
Hi,
I know a few traders that will use statistics associated with time durations of their trades as a warning its time to be looking for an exit, tighten stops or whatever involving the trade management of the position.
One person in particular is for example losing trades have an average time of 4mins 15seconds. In contrast, profitable trades have an average time of 2mins 45seconds.
Thus, the 2mins and 45seconds and he's still not at a profit...he sets his timer (sports watch) to begin beeping at 4mins 15seconds...
He then dumps the position no matter if it has not hit his stop/loss protection.
wrbtrader