Start with gratitude.
Look over all that you have learnt, the good trading habits and psychological lessons you’ve learnt.
These can be applied to any system. They form part of a good approach to the market.
The strategy/system can be varied but ultimately if you have a lot of bad habits or psychological issues then no system will save you from you.
Once you’ve covered that, you can see that you have made progress.
Measuring progress in monetary terms is a fools game whilst you’re still learning.
It is the proof in the pudding that you are doing the right things if you’re making money and keeping it with small drawdowns. But the problem in trading is that it’s hard to measure your progress objectively.
How well do you do in trends? Do you keep buying the top in consolidation? Are you moving stops?
Do you take partial profits appropriately? Do you move stop to breakeven instead of a level where the price would invalidate your trade idea? Trailing a stop is fine in a trend but what if you’re doing it in consolidation?
Do you trade because you have a good idea or because you’re at the computer and feel like you need to be doing something? Do your stops reflect the invalidation of your trade idea? Do you take your losses on your chin or on your heart? Do you trade a lot bigger when you’re winning or take more risks?
The list goes on and on. And even if the above questions are correct, possibly they aren’t important but let’s assume they are, does it mean getting them right will make you a winner? Who knows.
Trading is hard, the only sound thing to do is to simplify and master one aspect at a time.
There are way too many dimensions that are not easily measurable to see if you have actually perfected anything. A mentor can help but even in trading a mentor typically has specialized in one area of trading which might not even be your area. They can probably only help with keeping you honest and with psychology. Perhaps also some direction with regards to information or things to pay attention to. The domain is so vast.
Master your system, understand where it works and where it breaks down.
Less is more.
Find specific things to work on, otherwise you’ll always feel like you’re making no progress because there are so many things you can get wrong which will overshadow what you’re doing right.
Your brain is deceptive, it will always put more emphasis on either the fact that you made money and ignore your losses or errors (or areas where you need to work)
Or it will focus purely on your mistakes and cause you to forget the things you’re doing well
This can cause hopelessness!
Be objective and keep track of what you’re doing. Memory is not reliable.