As years go by in my trading career, I trade less and less, but with larger capital per each trade. Every night, I spend an hour or two to go through many charts from big pictures to smaller ones so I can analyze the market. I write down my thoughts on a notebook where I separate them into a group of pros and cons so I can identify risks v.s. rewards level. Then, during intraday trading hours, I don't try to make a trade happen (this is very important), I let a trade coming to me just like in a fish game where I bait for a big fish patiently. Once, my trading system gets triggered and a trade is entered, I'll observe to see how my trading system behaves to market movement so that either a) I take profits off the table asap or b) I cut loss if certain rules are violated.
Some of you might wonder why do I bother do so much homework for each trade? Well, I trade full-time, not as a day trader, for living and trade weekly call/put options. Those who trade options know very well that you will lose extremely quick if market goes against your trade and your trade will expire mostly worthless upon expiration date.
Why bother to trade those risky stuff? Well, it's about make great profit in a quick way. Take a look at below screen shot of my last trade, where I made ~70% return per trade in a matter of a day to two. This is how a successful trader using 6-figure capital per trade to make 5-figure return within a few days. Imho, this is how successful traders trade because they don't make random, careless and emotional decisions.
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