How do people become successful ? One study suggests that practice makes perfect. The tennis star plays tennis , practices tennis every day. He / She then becomes a champion. The same applies to doctors, lawyers, and, of course, traders. About 10,000 hours (ten thousand hours) of practice is the minimum required to acquire the chosen skills.
I have a comment which says:
“am no big shot trader, so may not be able to do detailed chart analysis etc. ”
There is no relationship between big shot traders and chart analysis. Also, the definition of big shot traders is not clear. Were the people in Lehman Brothers big shot traders ? They probably were so, but you may not want to follow them , given the fact that they bankrupted their company.
To my understanding, technical analysis is the ONLY viable method for short term trading.
Therefore, if you wish to be a trader, you have to understand, practice and acquire skills in technical trading. Be prepared to give 10,000 hours for the practice, before you become skilled.