Whilst i am not a total beginner still haven't found the area where i am comfortable so to speak.
I mainly like to generate income from my investing instead of the long term capital gain type investing.
I am still not clear where i should be concentrating my energies to specialize to achieve the results i am after.
I normally will look at daily charts for stocks ASX... haven't really looked at anything else. Not really keen on the Dividend type income but more of price goes up and sell making a certain amount each time or minimise loss and repeat if that makes sense.
Tried this but got hit during the GFC prices just dropped so quick cost me plenty but also had very liitle experience at the time.
Would like to start again, as indicated above, at this stage its about starting small and mastering just a few set ups for example.
I know back test, use indicators, read the charts etc
Any one here making an income like i am suggesting and which time frames do you find best.
I use the E trade interactive charts thats it so not a real classy platform do you really need one.
Should i be looking at longer time frames eg weekly charts or shorter as in daily or hourly etc
Don't really want to glued infront of the computer 8 hours a day but happy to put the hours in to refine and try.
Any help would be appreciated.