Only actual market participants understand the challenge to sustain an admirable trading result. Fortunately, this article provides practical solutions.
Table of Contents
1. Introduction
Only actual market participants understand how challenging it is to sustain admirable trading results. Wins can be erratic and consistent losses are well-pronounced in many cases.
Fortunately, this article provides practical pointers to maneuver these situations like a pro. Readers will also receive exclusive access to a ground-breaking technical tool that instantly improves every strategy.
2. The Best Solutions for Consistent & Excellent Trading Results
Several traders, especially newbies, are victims of inconsistency in the financial market. Today, the forecasts and executions seem flawless; other days, the dreadfulness of the results makes one consider quitting.
In most cases, the losing days are even more than the winning days, no matter how hard one tries.
Thankfully, the following tips are some of the most proven solutions to turn the table despite how naturally unpredictable the market is:
2.1 Bolster Risk Management Plans
Risk and money management skills are so essential in trading that several pros believe that any method of analysis can be profitable with them.
The multi-faceted plan features stop-losses, take-profits, risk-to-reward ratios, and position sizing, among others.
A take-profit and stop-loss order is imperative to secure profits and prevent further losses from open positions. They work with risk-to-reward ratios that determine how much a trade of a particular position size is worth in profit or loss.
Sometimes, one’s risk management strategy may be a significant reason behind poor market results. It would need to be more or less stringent to enjoy the full benefits of promising opportunities.
Resources, from extensive courses to short articles, are available online to improve one’s risk and money management decisions.
One concise & recommended option is this article about risk management hacks and ways to achieve trading success.
2.2 Develop and Follow a Defined Strategy
Many traders struggling with acceptable trading results lack or fail to obey a well-defined strategy.
A trading strategy guides almost every analytical and execution process, such as:
- Favorable time window
- Best instruments and asset classes
- The most beneficial time frame
- Risk management activities
Hence, it demands significant time and effort to develop one that aligns with an investor’s goals.
After creation, any potential user must back- and forward-test the strategy extensively to ensure it works well enough.
Consequently, traders must learn to follow the strategy through thick and thin. It is the only way to maintain consistency.
A short losing streak, social media trend, or insignificant news reports shouldn’t immediately create doubt to abandon one’s techniques.
Experienced traders only look for new ways to improve an already-existing strategy that works.
The market and your strategy can’t both be erratic.
2.3 Leave All Emotions at the Door
One of the several benefits of a well-defined strategy is the ability to trade emotion-free. It saves traders from:
- Fear Of Missing Out (FOMO)
- Impulsiveness
- Greed
- Impatience
Revenge trading is another popular emotion-driven action that makes traders take increased risks to recover profits they would have gained.
Despite how nearly impossible it feels to suppress all emotions completely, one can (and should) reduce them to the bare minimum whenever in front of the charts.
Sometimes, the best action is no action, and it’s even better to stay off the markets entirely when emotion-free engagement becomes too difficult.
If the effect worsens over time, consider discussing with a pro for advice.
Every successful trader has experienced this at least once in their career. Hence, there are as many unique approaches to emotional trading issues as there are pro traders.
2.4 Take Market Adaptation Seriously
Every instrument, asset class, and market is unique. Failure to realize this may be the reason for poor, inconsistent results.
A profitable strategy on EURUSD may not work satisfactorily for any other currency pair. Similarly, looking at instruments from different markets through the same lens is not advisable.
If there is no defined inter-market relationship, treat each instrument uniquely and try to adapt to it.
Thorough back-testing and analysis show that every asset has a characteristic property that should be more obvious to interested traders.
Only then is it advisable to tweak one’s strategy based on a new discovery.
Following the news and other market information outlets can also streamline the adjustment significantly.
3. The No. 1 Trading Assistant to Skyrocket & Maintain Impressive Results
As discussed, achieving and sustaining good trading results demands considerable effort, especially for a beginner.
Fortunately, Indicator Vault has developed a quick alternative for all experience levels – The Market Structure Pro for TradingView.
It works based on the market structure break theory, revealing the most promising reversal opportunities.
Concisely, here are some stand-out benefits every user enjoys:
- Earliest knowledge of potential bullish or bearish trend reversals
- Improved consistency owing to the tool’s unwavering nature
- Freedom to trade in any market across all time frames
- Assurance of taking every opportunity, credit to the reliable alert system
Hard to believe? Click here and verify several more advantages it offers now.
4. Conclusion
Financial markets’ unpredictability is innate and one of the reasons for unsuccessful trading. It requires a purposeful approach to record and sustain admirable gains.
Fortunately, sticking to a trading strategy with excellent risk management is one of several solutions shared in this article.
The Market Structure Pro by Indicator Vault is also a highly promoted remedy for skilled and semi-skilled traders.
Please share this article with friends, acquaintances, and every interested trader online. Also, remember to leave feedback in the Comment Section for exciting discussions.
