How retail traders can improve trading performance

As its  a long weekend, market has been Topsy turfy in past 4 trading session, Let me discuss a real life incident of my student how he was afraid of trading and how after going through the training he transformed himself in a profitable trader.The same story repeats with many traders and hope the example described below can help you in improving your training.
Band new Trading day has started and Rahul was ready to trade, As market opened Rahul can see his trade set up giving a Buy Signal but Hesitation gripped Rahul’s tensed hand. He couldn’t decide when to enter this trade. His trading plan said he had really gone past the entry point he should have taken. But he had hesitated – what if he was wrong? He decided to wait and track it just a little longer – just to be safe. This was the story of his trading life – waiting on the sideline frozen by his fear of uncertainty. “If I stay on the sideline, I’ll be safe,” he consoled himself. He watched the price go higher and higher. Still he hesitated.
But as he hesitated on the sideline pondering this trade, Rahul also began to fear he was missing out on a profitable trade – he wanted in. He felt the urgency build. “Just a little more proof”, his tentative side whispered in his ear. “Get in this trade before it’s too late!” urged another impulse, “Sitting on the sideline isn’t getting you anywhere. You’ve got to get in to win.”
This internal struggle in Rahul’s mind escalated. Finally, to prove he had the courage to face his fears, he jumped in. The impulse to get in on the trade finally trumped his fear of uncertainty. In a matter of moments, however, the price began to tank and hit his stop. Because of his hesitation, Rahul bought beyond the higher end of his entry range. He had missed the opportunity of profit. Instead, he took a small loss. Hesitation was fatal.


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