How to improve Your Trading Result with 5 Simple Steps

 Going over my trading performance , i realized that there were a few things i needed to work to become better at my craft because as you know trading, just like any other business involves continuous learning. so i came up with a few points that have significantly improved my trading and will do the same for you too if you are willing to put in the work.

1.  Develop a Solid Trade Plan
To be successful in this business you need to develop  a trade plan and then Back-test  and forward-test that plan to develop confidence and gain some historical perspective.

This singular step cannot be over emphasized , you need a plan for whatever endeavor you want to get involved in be it Forex trading or whatever. The plan needs to be Testable, Verifiable and Repeatable. You ought to  have gained some historical perspective on the system and have a pretty good idea of how the system has performed in the past to give you an idea of its present and future profitability.
Please note that past performance is not indicative of future results, but we have no better measuring stick than  the past to suggest how the future will most likely perform.
From your back-testing/ forward-testing you are going to develop some key metrics for your trading system.

What is the maximum drawdown?
What is the average win in pips?
What is the average loss in pips?
What is the average reward in pips?
What is the average reward to risk?
What is the winning %?
What is the loosing %?

Determine the expectancy of your system

E=Expectancy= Average win x win% - Average Loss x Loss%

2. Plan your trade and trade your plan
It is not just enough to create a trade plan, having  the discipline to follow the plan you have created is also very crucial to your success as a trader. Like one of my mentors Akil stokes said “Trust your system, trust your rules, and if you follow your rules you will be successful.

3.Understand the language of the market. Learn how to read market structure
If you want your trading to improve, it would be wise to have expectations for price to follow and to achieve those expectations.

Expectations play out over 70% of the time (structure expectation)

NEW STRUCTURE HIGH (NSH) = HIGHER LOW (HL) = NEW STRUCTURE HIGH (NSH)

                                       BULLISH EXPECTATION/TREND CONTINUATION



 NEW STRUCTURE LOW (NSL) = LOWER HIGH (LH)=NEW STRUCTURE LOW (NSL)

                                           BEARISH EXPECTATION/TREND CONTINUATION

      Wait for the correction and then trade the expectation.

4. Place process over outcome. 
Many traders including myself came into trading expecting instant gratification based on all the B.S in the trading world. We want to make a zillion pips from trading without understanding that trading is a business .It's possible to have the talent for trading but guess what, that talent is going to fail you if you do not develop the right skills and mindset.
 Acquiring the mindset and skills to trade profitably takes time, dedication and commitment. It won’t happen overnight.
Success in trading as in any other business is a marathon and not a sprint if you focus on the process of trading (setting process goals to become better and better every day week, month) the money will naturally flow in.

5 Don’t get discouraged along the way
Like i said earlier, Trading takes a lot of work, dedication and time hence it is very easy to get discouraged if your results are not improving as fast as you hopped they would. Don’t get discouraged.
Set you mind and eyes on your destination. Remind yourself that you are a winner .Winners never quit and quitters never win.