“You just need more chart time“.
I hear this advice all the time. My take on this? Yes and no.
Yes in the sense that as a beginning trader, you do need to develop a feel for the market you’re trading. Without any time in front of the charts, you will never understand the natural rhythm of a market, patterns, the influence economic news has on the price, how support and resistance are used, etc. In other words: chart time is a way to develop a gut feeling about how the market operates.
No in the sense that beyond the experience developed by initially observing charts, staring at charts without a purpose won’t increase your knowledge level and more importantly, won’t necessarily improve your bottom line.