Being unprofitable is not the Problem. It's a Symptom of doing the wrong things.
To fix the problem, identify and cure its Core
There are Two Main Problems:
* Technical
* Psychological
Let's break them down:
Technical Problems
These problems revolve around the Charts, Analysis & Execution Processes.
Questions to help you identify your problem:
* Are you usually wrong on your projected bias?
* Are you right on your bias, but you get stopped out before the trade goes?
* Are you able to enter trades systematically?
You either need more work on:
* Bias and Trend identification.
* Refining your entry confluences.
* Building an Entry Model.
After this, usually comes the other problems:
**Psychology Problems**
These problems revolve around Performance & Emotional Control.
Psychological problems are usually the following:
* Overtrading and Revenge trading.
* Fear of Executing a trade. Freezing.
* Fear of letting a trade run. Closing prematurely.
* Greed of wanting more from the market.
* Lack of Focus and Clarity when on the charts.
Unlike technicals, there is no easy fix here.
Journal your thoughts. Find clues.
Identify your triggers for becoming emotional.
Introduce habits to battle with emotions.
Make it easy to avoid making mistakes.
Keep learning and Stay educated :)