Trader’s journey from Amateur to Professional

By | July 7, 2014

  • Amateur  Trader accumulate information,  learn- buying books, asking questions, maybe going to seminars and researching what really works in trading.
  • Amateur Trader begin to trade with our ‘new’  found knowledge.
  • Amateur Trader make profits only to give it back very quickly and then realize may need more knowledge or information.
  • Amateur Trader accumulate more information.
  • Amateur Trader go back into the market and trade with our better system. this time it will work.
  • Amateur Trader lose even more money and begin to lose of confidence.The reality of losing money sets in.
  • Amateur Trader start to listen to other traders and what works for them.
  • Amateur Trader go back into the market and continue to lose more money.
  • Amateur Trader completely switch trading style and method.
  • Amateur Trader search for more information.
  • Amateur Trader go back into the market and start to see a little progress.
  • Amateur Trader get ‘over-confident’ in a single trade and put on a big position believing it is a sure thing and the market quickly takes our money.
  • Amateur Trader start to understand that trading successfully is going to take more time and more knowledge than  ever anticipated. MOST PEOPLE WILL GIVE UP AT THIS POINT, AS THEY REALIZE WORK IS INVOLVED.
  • Amateur Trader get serious and start concentrating on learning a ‘real’ methodology.
  • Trader trade “HIS OWN” methodology with some success, but realize that something is missing.
  • Amateur Trader begin to understand the need for having rules to apply our methodology slowly thinking as  Professional trader
  • Amateur Trader take a sabbatical from trading to develop and research our trading rules.
  • Trader start trading again, this time with rules and find some success, but over all still hesitate during trade execution.
  • Trader feel he is are very close to crossing that threshold of successful trading.
  • Trader start to take responsibility for our trading results and understand that our success is in us, not the methodology.
  • Trader continue to trade and become more proficient with our methodology and our rules.
  • As  Trader trade still have a tendency to violate our rules and our results are still erratic.
  •  Trader build the confidence in his rules and go back into the market and trade.
  • Our trading results are getting better, but  are still hesitating in executing our rules.
  •  Trader now see the importance of following our rules as Professional  Trader
  • Trader begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and Trader begin to work on knowing ourselves better.
  • Trader continue to trade and the market teaches us more and more about ourselves.
  • Trader master our methodology and our trading rules.
  • Trader begin to consistently make money.
  • Trader get a little over-confident and the market humbles but giving a big loss.
  •  Trader continue to learn lessons and move forward.
  • Trader learn smaller positions lower the volume of our emotions so trade smaller and this surprisingly makes us better with our discipline.
  •  Trader learn that risk management is one of the biggest keys to winning as a trader.
  •  Trader stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as Trader increase our position size only as our account grows.
  • Trader are making more money than  ever dreamed possible.
  • Trader go on with our lives and accomplish many of the goals  Trader had always dreamed of.

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