How do you know if you're getting better at trading?

trader_david

Price movement is very repetitious and the same patterns appear very frequently on micro scale (30 sec, 1 min) charts on all liquid futures contracts.

Why don't you master trading just one pattern?

Of course you need defining criteria, but once you have that you can monitor yourself how close your performance is to the ideal. The money will come.

IMHO the faliure swing, when it breaks in the direction of the trend, is one of the easiest to spot and trade. You could start with that.

Best,

GC

 

P/L

That's the bottom line.

 

When you wife stops bitching at you for trading and starts to encourage you to trade more you know you have gotten better.

 

Quote from DblArrow:



Larry Williams - Long Term Secrets to Short Term trading

Linda Braske (don't know the spelling) and somebody Connor or O'connor can't remember but it had short term strategies.

Van Tharps - Trade your way to Financial Freedom.

Ouch - 3 errors in a row. You would come across as more reliable if you did your homework before posting...

 

Yeah thats what I'd like to know.

 

You know you are getting better when your discoveries reach down to ever more fundamental truths in the problem space; when you are peeling back the layers of a problem to new understandings and more basic ideas.

You know you are getting better when your ideas lead you to bigger questions.

http://www.verticalsolutions.com/index.html

 

for asking this this is how I feel too

 

MAKE MORE MONEY WHEN YOU GET BETTER... PRETTY SIMPLE

 

yes i hear you... i have tried everything and it is simply very hard

 

the markets are a reflection of the global economy,the more confused they are on how to run the world ,the harder it is to trade,if you follow the news you will also be confused just thru sympathetic thinking, the more worry they portray, the more fear with each trade,that fear causes larger day to day gyrations,and more mental energy,it can be exhausting,i don't even have cnbc on anymore and it's improved my trading,when the spus are stuck in a 50 point range, 1360 -1310,its just harder to trade ,they were averaging 30 point ranges,this expanded and contracted and may expand again,we are stuck in a bottleneck while these banks and hedgefunds take each other out of they're positions,until that happens,if you are a small trader be happy with small profits and that you are still in business,these are tough mrkts to trade, be patient,stay in business,keep learning and you will know when you are getting better,what profession do you know of where you didn't improve with experience or improved without it.