Keep a trade journal and go back over all your trades - winners and losers. Go back over the charts and review the trades you didn't take. If you're consistently successful already, focus on getting better at what you're doing right. If what you're right is the majority of what you do, getting 10% better at that is better value than getting 10% less stuff wrong.
Many people are blind and oblivious to their flaws and weaknesses. -- or are simply too dumb, and/or lazy, or not motivated enough. There's comfort and safety in complacency. Alot of people are happy or content with being in that stage. To do something grand, or that requires change, is not easy. A good or great trader should be very introspective. That will partially answer your question on how to get better.
Thanks, I am, that's what im doing, it can only work in the Australian exchange since it is so similar to the tsx venture exchange. I Wish I could automate this, but it doesn't seem feasible at the present time
Thanks Tom, I don't think its a lack of worth ethic here, I have been doing this for 5years and it has been working for 5 years, I just need to improve day in and day out and get better, find ways to be 5% more efficient, reduce user errors, reduce emotional errors, reduce typing errors and also focus on getting better and increasing my return every year. I think your right in saying you must always keep learning.
Trading has so much randomness built in. It's flawed to think that you can only improve when doing something that is has so much randomness. The only way is to really understand where you have an edge and place as many bets to exploit the edge which is why you should try to find other edges than just relying on something that you believe works. Emotional errors can be controlled by size and consistency. You achieve better consistency through the law of large numbers.
Thank you makes a lot of sense ,All my trades are perfectly logged and I review my trades daily and weekly. The biggest problem for me now is liquidity after 1m$ you can deploy this strategy in the venture exchange.
Yes change is not easy but its necessary for growth, I had to find a way to change when I first started because I wouldn't stop losing money. Me becoming a better trader was a fuelled by the NEED to change not the WANT.
I think I have done well in certain aspects, Scaling up, getting a bit of outside money, developing my own strategy which is very different to many others, but I can improve in automation, programing, and doing less "office work" so I can focus on trading more