What challenges do you face when conducting a gap analysis for your technical analysis skills?

2 Assess your current skills

Another challenge that you may face when conducting a gap analysis for your technical analysis skills is assessing your current skills and competencies. How do you know what your strengths and weaknesses are in technical analysis? How do you evaluate your knowledge and application of various concepts, tools, and methods? How do you compare your skills with the industry standards and best practices? There are different ways that you can assess your current skills, such as taking online tests, quizzes, or courses, reviewing your past trades or reports, asking for feedback from mentors, peers, or clients, or using self-assessment tools or frameworks. However, you need to be honest, objective, and consistent in your assessment, and avoid overestimating or underestimating your skills.

4 Find your resources

Another challenge that you may face when conducting a gap analysis for your technical analysis skills is finding the right resources and sources of learning. How do you access the information, knowledge, and guidance that you need to close your gaps? How do you choose the best and most reliable resources and sources for your learning needs and goals? How do you balance the quality, quantity, and cost of your resources and sources? There are many resources and sources that you can use to learn or improve your technical analysis skills, such as books, articles, blogs, podcasts, videos, webinars, courses, workshops, seminars, conferences, forums, newsletters, software, platforms, tools, indicators, charts, mentors, coaches, experts, peers, or communities. However, you need to be selective, critical, and flexible in your choice of resources and sources, and avoid information overload or bias.

5 Plan your actions

The final challenge that you may face when conducting a gap analysis for your technical analysis skills is planning your actions and steps to close your gaps. How do you design and implement a learning plan that suits your needs and goals? How do you manage your time, energy, and resources for your learning activities? How do you track and evaluate your learning outcomes and results? To plan your actions, you need to set clear and specific objectives, strategies, and tactics for each skill or technique that you want to learn or improve. You also need to schedule and allocate your time, energy, and resources for your learning activities, and monitor and measure your progress and performance. You can use various tools or frameworks, such as action plans, calendars, checklists, journals, logs, or portfolios, to help you plan and execute your actions.