What do you do when you feel like there's no progress in your trading?

Whenever I feel that my trading hasn’t improved, I start tracking my past trades as well as my upcoming future trades. I deeply analyze my past trade mistakes and try not to repeat them in the future and come up with a better strategy.

When there is no progress in trading I change my strategy and start practicing my strategy on the demo account to see if it is giving fruitful returns or not.
The other thing you can do is wait and hold for some time or start trading the next day fresh.

I tend to analyse my own trading pattern and change my way of trading if necessary.

I review the trading strategies that I use and make the necessary adjustments. When I don’t see any progress, I realise it’s time to examine or revise them or come up with something new. As the market is volatile, so one should always keep a check on their trading strategies from time to time.

When times get tough I would recommend focusing on the winners.

This is something I learned in sales. Its much easier to get through a door to see someone who is already a customer than it is to find a new customer. Its always easier to up-sell than break new territory.

In trading, most of your efforts should be generating progress towards profit. I’m not talking about a trade win rate but I’m guessing 80% of what you do should be positive in some way. So you’re making money but not enough, or maybe inconsistently.

You could focus on completely revising the way you do the 20% of things you do which lead towards losses. This will be very difficult, you were already trying to avoid these anyway, and if you make a 10% positive impact on the negative practices or techniques or habits or time, you will have improved your successful practices to 82%.

On the other hand, there is much more scope to improve the positive things you do. If you improve them by just 10%, your success rate will move from 88%.

In military terms, reinforce your successes.

I take a break, get a cup of tea and reflect on my strategies and previous trades to see what is missing. If my execution is lacking then I revise it again and craft a better plan however if things that are out of control like economic situations are affecting my trade then i try.

With denial so deep with some people, this is actually quite a positive statement and the start of a new beginning :smiley::smiley:

I prefer to take a break from trading because it can get frustrating. After my mind gets clear, I try to figure out where I went wrong. I critically analyse my trade because there could be multiple reasons why I didn’t make it.

I think it’s time you take a step back and get back to the learning curve. It doesn’t mean you’ve failed as a trader, no, it just means you need to upgrade your information, revise your strategies and get a move on towards success. It happens. Keep self motivated and carry on.

My belief is that one must strike a balance between their trading strategy and their desire to be flexible. However, there should always be a trading strategy in place.

Its depressing I took 1 year off of trading and then returned fresh.

For me, I always have an intention of changing my trading strategy, whenever I am not having any growth in my trading performance. I try to test my performance with the revised strategy in the demo account, before proceeding to the live account.

It’s very common scenario to the new traders; I think demo trading is the best solution this case! When you are not comfortable with your real money, then you should practice more and build your own trading skill! That’s the only one solution!