As a retail trader, it can be challenging to compete with the big players in the financial markets. However, by levelling up your trading game and mastering advanced techniques, you can improve your chances of success. In this comprehensive guide, we will cover some of the most effective strategies and tools that retail traders can use to improve their performance.

First and foremost, it is important to have a solid understanding of the markets you plan to trade in. This includes familiarizing yourself with the different types of securities, such as stocks, bonds, and options, as well as the economic and political factors that can influence their performance. Additionally, it is essential to have a good understanding of technical analysis, which involves using charts and other data to identify trends and patterns in the market.

One advanced technique that can be used to improve your trading performance is the use of multiple time frame analysis. This involves analysing the same security at different time intervals, such as daily, weekly, and monthly charts. This can provide a more comprehensive view of the market and help identify potential opportunities.

Another advanced technique is the use of advanced charting techniques such as Elliott Wave Theory, or use of Gann and Fibonacci techniques to identify key levels of support and resistance. This can help traders identify potential entry and exit points for trades, as well as providing an understanding of the overall market sentiment.

Algorithmic trading is also an advanced technique that can be used to improve trading performance. This involves using computer programs to analyse market data and make trades based on specific conditions or algorithms. Algorithmic trading can be very effective in identifying profitable trades and can be especially useful for retail traders who may not have the time or resources to manually analyse the market.

Another effective strategy is the use of options trading, which allows traders to profit from the movement of a security's price without actually owning the underlying asset. Options trading can be an advanced technique, but it can also be a powerful tool for hedging against risk and generating profits in a volatile market.

In addition to technical analysis and advanced trading strategies, it is also important to have a solid understanding of risk management. This involves assessing the potential risks of a trade and taking steps to mitigate them. This can include diversifying your portfolio by investing in a variety of different securities, as well as using stop-loss orders and other risk management tools. Additionally, it is important to have a solid understanding of the different types of risks that can impact the markets, such as political risk, currency risk, and market risk.

Another important aspect of trading is to stay up to date with the latest market news and trends. This can include following financial news and analysis websites, as well as subscribing to financial publications. Additionally, it is important to be aware of the latest market indicators, such as economic data releases, earnings reports, and government policies, as these can all have a significant impact on the markets.

Finally, it is important to continue learning and growing as a trader. This can include attending webinars and seminars, as well as reading books and articles on trading and investing. Additionally, it is important to seek out the guidance of experienced traders, as they can provide valuable insights and advice.

​In conclusion, levelling up your trading game requires a combination of knowledge, strategy, and discipline. By understanding the markets, mastering advanced techniques, managing risks, and staying up to date with the latest market trends, retail traders can increase their chances of success. Additionally, self-awareness, self-control, and a continued effort to learn and grow are crucial for long-term success in trading.