Are you a trade? I would like suggestion on comprehensive self evaluation.
Your starting point and most most valuable asset available for self evaluation are your personal trade statistics. Presumably you have them. If not you should start collecting them.
Your trade statistics will tell you your win/loss ratio and your average pips win/average pips loss ratio. Your performance evaluation on your statistics and the individual trades will tell you a lot about yourself and how you trade. I personally archived every trade I take on Snagit for continuous self evaluation.
1)Do you cut your losses, if not why not?
2)Do you let your profits run, if not why not?
3)Do you try to pick bottoms and tops. Are you successful at it? If not why do you continue to do it?
4)What type of trade setups are your winners? Why don't you focus on repeating them?
5)Do you repeat the same mistake e.g. don't plan your trade but trades are spontaneous? Is it a self discipline issue?
6)Do you stick to your trade plan, if not why not?
7)Are you always prematurely stopped out? Should you reevaluate your stop management?
8)How often do you hit your profit target? If you change your trade management, would it improve your trade statistics?
You should be honest with yourself in your evaluation. Typically we know what the problem is - it is having the discipline to correct ourselves because there is no supervisor above who will enforce it.
Any evaluation will provide an insight into your personal performance and potentially how to narrow the performance gap. Good luck.
