General Improvement Strategies
Master Your Risk-Reward Ratio
Set profit targets that significantly exceed your stop loss distance
Focus on trades where potential rewards outweigh potential risks
Review your closed trades monthly and calculate your actual RR
Discipline in Risk Management
Make TP/SL orders mandatory for every trade - no exceptions
Set these orders immediately after entering a position
Resist the urge to move stop losses against you or remove them entirely
Build Consistency Through Process
Use the same position sizing formula for every trade
Stick to your trading plan regardless of recent wins or losses
Keep detailed trading logs to identify patterns in your performance
Quality Over Quantity
Wait for high-probability setups that meet all your criteria
Avoid overtrading during winning streaks or revenge trading after losses
Better to miss a trade than to take a poor-quality setup
Advanced Improvement Strategies (Master Accounts)
Optimize Daily Performance
Track your daily returns and aim for steady, modest gains
Consistent daily returns compound to excellent annual performance over time
Avoid "home run" mentality that leads to boom-bust cycles
Drawdown Management
Reduce position sizes when your account is in drawdown
Maintain conservative risk per trade to protect your capital
Consider taking a break from trading after significant losses
Long-term Sustainability Focus
Develop multiple trading strategies to diversify your approach
Regularly backtest and refine your methods
Focus on risk-adjusted returns rather than absolute profits