38 Steps to being a Trader - POLL: What step are you on ?

[Laissez Faire]

32. We master our methodology and our trading rules.
33. We begin to consistently make money.
34. We get a little over-confident and the market humbles us.
35. We continue to learn our lessons.
36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account
continues to grow as we increase our contract size.
37. We are making more money than we ever dreamed possible.
38. We go on with our lives and accomplish many of the goals we had always dreamed of.

I would say I'm at step 32. - 35. in that I have a methodology which puts me on the right side of the market more often than not, but the ultimate goal is to master the market and master myself and I have a way to go before I'm there.

I'm very confident in my skills and methodology and I know I can make money fairly consistently if I'm cautious and apply myself correctly with proper preparation.

As this usually leads to successful trading, complacency still creeps in from time to time which leads to getting lazy on the preparation, greedy and generally just too trigger happy.

I don't think the list was as bad as many suggested. I'm sure many can recognize themselves in it as learning to trade for the lonely retail trader is a process of trial and error taking everyone far longer than they first anticipated.

 

[Frederick Foresight]

 

[s trader]

Step 39. We get into teaching others and get recognized for our trading mastery. No?

 

[RantaMin]

All the time on step 35 )))

Mistakes are not failures, but valuable lessons on the path to mastery