Weekly chart for analysis. Daily chart for entry timing. Monthly chart for big picture trend.
Stage Analysis (Stan Weinstein): only trade Stage 2 (established uptrend). Enter after major breakout pattern (Cup & Handle, Head & Shoulders).
Wider than swing trader: 10-20% from entry. Along weekly trendline or Bollinger Lower on weekly chart.
Stage 3 distribution (sideways after long uptrend). Weekly MA50 crosses below MA200. Fundamentals deteriorating.
PRO: Less time-intensive · Less commissions · Tax-efficient. CON: Endure large drawdowns · Capital locked up.