YouTube monologue by Kardec Trader arguing that trading is a game of probabilities. The speaker advises concentrating effort in the highest-probability window (the first one-to-two trading hours) where most profits occur (he claims ~70–80%), and avoiding later trading when opportunities and mental acuity decline.
And I'm pretty sure there's people that sit for hours and hours and make money. But my thing is, where is 80% of your profits coming from? If 80% of my profits, or even 70% of my profits are coming the first two hours and the other 20 to 30% is coming after that, I don't want what comes after. I'd rather take that time back, and I'd rather invest my time and energy in the first hour, two hours, make the 70%, leave the other 20 to 30% profit in, and call it a day. It's all about probabilities, right? Because after a certain time, once you're unable to think at a high level, once the market also doesn't give opportunities, the probability of good setups decline. So why would I want to put myself in an environment where the probabilities of great setups decline? And also I'm not there mentally in terms of execution.
