jagankris
Thanks for your kind words.
I am a simple trader like you.I too make losses and mistakes.
I actually started this thread to motivate my self and other fellow traders.
Like Rish has said that if one searches , one can get a good mentor in trading.Such a person should be actively trading/traded earlier.
An analyst cannot be a good mentor as he does not have any risk in predicting.
Regarding system search ,any simple system works effectively only if one uses proper discipline and money management.
The search for the perfect system never ends.This search can only be stopped by you yourself.We all have to understand that any system works only 50 % of the time(believe me anything better than this is either a myth or fabrication).
Some hints for improving trading decisions,
Firstly you have to understand the strengths and weakness of your own as a trader.
Then you have to understand the strengths and weaknesses of your trading system.
The problem with us traders is that we try to optimize our trading system for all types of markets , ie both trending and sideways.
This never works.
You should have different systems for different types of markets.
Even a simple system of two moving average crossover works , the secret is not to trade every crossover.Only trade the crossovers which occur at important support and resistances.
Another simplest system is use previous day high and low on charts.
On trending days buy once the price crosses the previous day high and sell when it crosses the previous day's low.
On sideways days ,short at the previous day's high and buy at the previous day low.
Million dollar question is how to identify whether day is trending or not.The only answer to this is study the price action.Lot of such articles and images I have posted in my thread "Learning to catch High probability breakouts".
Check this post by Dan ,trying to motivate another trader who has taken a hit by overtrading.
http://www.traderji.com/options/98626-selling-straddle-strangle.html#post1077974
Hope this helps.