To figure out if my trading plan is failing, I first review it to make sure it has clear criteria for trades and risk management. Then, I check if I'm sticking to it by tracking all my trades in a journal, noting reasons for entry and exit, and outcomes. This helps me see if losses are due to not following the plan or the plan itself. If I'm following the plan but still not succeeding, it suggests the strategy might not suit me, and it's time to explore other techniques. This approach helps me identify whether the problem is with the plan or my execution.

Following to be review & consider: #Re-assessment of risk #Market stability #Political situation #Compatibility #Launching of new product # Emotional Intelligence # Trends # Review the tool & techniques # Scope baseline # Cost-benefit analysis & Return on Investment i.e.ROI etc.

In my experience main thing is Do not try to time the market, take trade when Technicals indicate it or follow /respect the resistance , support . while other important thing is Book profit is good BUT booking technically loss is very very important when you learn this you find you trade with the market movements not with the your emotionals...

If your technical analysis performance needs improvement, there are several steps you can take. First, ensure you have a strong understanding of technical analysis principles and methods. Consider additional education or training programs to enhance your skills. Utilize practice accounts to hone your abilities without risk. Analyze your past performance to identify weaknesses and areas for improvement. Network with other analysts to gain insights and tips. Lastly, consider working with a mentor or a coach to provide guidance and feedback.

one thing i found and experienced Learn from your past emotional mistakes. as soon as you find it or control it you will be good to predicts market or shares movement with the technicals

Testing my strategy before diving into the live market is crucial. Platforms like FXREPLAY, offering features to backtest trades with data from 2006, are invaluable. I'd recommend using a maximum of 1 month of data over two weeks for backtesting. This is because prioritizing quality backtesting over quantity ensures a more accurate assessment of the strategy's performance under various market conditions. By focusing on detailed, high-quality backtests, I can refine my strategy, identify potential weaknesses, and adjust my approach before risking real capital in the live market.

Do not be so complicated in improving your techinals expertise. remember one thing PRICE DISCOUNT EVERYTHING so just be updated with current news , any current updates , any announcements and just follow proper techinals...just simple

Do not mix your emotions in trading or technicals. do not take pressure , leave pressure on technical charts , control on your emotions because due to it your are not going to learn technical.

Very important thing no matter how old are you in the market but for market you are new as a one day trader. market teach you each day a lesson. if you are ready to learning from each trade , every day then you can become good technical trader.

Seek feedback from experienced traders or mentors. They can provide valuable insights into areas where you may need improvement and offer constructive criticism to help you grow.

Some tips to improve the lack of effectiveness in technical analysis is to document 100 trades and only then take corrective measures, observing patterns.