The shorter your timeframe, the greater the market volatility investors will face. Daily, prices can gyrate wildly with 24-hour financial news chatter you should ignore. Many of the talking heads react to minute updates that often sensationalize blips in the stock markets from arcane and sometimes meaningless information and create anxiety, or worse, mania.
You have a better chance of attaining a 10% average stock market return when you take on a long-term view. Warren Buffett said, “I never attempt to make money on the stock market. I buy on the assumption that they close the market the next day and not reopen it for five years.”