Step 1 - Unconscious Ignorance
This is the first step you make when starting to deal with trading. You know it's a good way to make money because you've read so much about it and you've heard of many people who have earned millions of their dealings with it. Unfortunately, like when you wanted to drive for the first time, so now do you think it will be relatively easy? how difficult can it be? The price can go either up or down b ???? which is the hard thing about it? - so you can get started!
Unfortunately, like the first one you sat in front of the wheel of a car, you do not have the slightest idea of what you're going to do. You start and open multiple positions and you get big risks. Once you open a place, the market immediately starts moving against you! Immediately you close your position and oppose an opposite but the market changes behavior and starts to move again against you! And this is happening over and over again!
You can not rule out an initial success, a sequence of profitable trades but this is even worse b ???? your mind begins to think that this job is really easy, maybe easier than you originally imagined, and this leads you to "open up" even more and risk even bigger amounts of money!
You try to cover your losses by doubling the size of your seats often. Sometimes you 'get clean' with this tactic, but you're getting more and more loss-making. For your bad luck you still have not realized your ignorance around trading?
This stage usually takes a couple of weeks, but the rapid market movement leads you very quickly to the second step.
Step 2 - Conscious Ignorance
The second step comes when you realize that trading requires a serious deal and that you will probably have to clear a few things before proceeding. You start to realize that you are ignorant about the object b ???? you do not have the slightest idea of the market or the necessary knowledge to be steadily profitable.
Now you start buying systems and e-books from the Internet, reading countless sites for Forex and looking for your "Holy Grail". In this period you will experience one system after another, you will change tactics from day to day and from week to week without ever trying it for long enough to see if it really is worth it or not. Whenever you learn a new marker you will be 100% sure that he is who will eventually make the difference in your trading.
You will test automated systems in Metatrader, you will play with Fibonacci Fibonacci Fixed Levels, Supports and Resistors, Pivot, Differentiation, Fractals, DMI, ADX, RSI, TSI and whatever else you can catch in your hand, with the fright hope every time that your "imaginary" system will begin to work today. You will be looking for tops and lows, trying to catch the exact point of reversal with your pointers and you will be in the position of chasing lossy positions and often opening extra lots on the slightest sign of correction being sure that "now will turn for you".
You will enter the various forums and you will see other traders make profits and you will wonder why you do not b ???? you will do dozens of questions, many of which you will remember and you will laugh in the future but you will feel that behind these questions is hidden the "truth of trading". You will get too quickly to believe that it is not possible for others to be profitable b ???? you've read everything about trading and you know what they know and so there's only one answer: they're lying! And yet, talk with them every day and you see their bills growing constantly while yours are getting more and more empty.
You will be like a teenager: profitable traders will give you free advice but you will be so rude and you will say "I know what I do" you will do yours and you will open more and more and while everyone will tell you that you are absolutely wrong you will continue to think "I know what I do". You will try to follow the tactics followed by others but this will also fail and you may try to pay for being a subscriber to someone else's signals but that will also fail.
You will try to reach a trading guru that will teach you the "secret secrets of trading" and it is likely that you will pay too much to participate in private educational sessions hoping to introduce you to the "market rites" and start a road to big profits and an expensive and carefree life. I'm sorry to tell you, but this will also fail for two reasons: first, there is no "fast track" for success since it only comes through the experience and secondly, even next to the guru you will do your own monologue " well it says but i know what i'm doing »b ??.
This stage can last for years b ???? in fact experience has shown that to overcome this stage it can take from one to three years. Also, this is the stage at which you are very likely to give up, exhausted by constant and repeated disappointment. About 60% of new traders "abandon the sport" at 3 for the first few months, and that's good if one thinks, because if trading was easy, we would all be millionaires. A percentage around 20% remains active for approximately 1 time with little profits and losses, and then the desperation and the initial dream of quick profits lead them to get bigger risks, naturally leading them to zero their account very quickly.
What will surprise you is that the rest of 20% will last for about 3 years, and at this point you will find it safe now that it has endured the long learning process and is now on the road for a comfortable and lively life. In fact, only 5-10% will continue to be profitable in the long run on a stable basis. These rates are really not the product of my imagination so if you've caught this crucial three-year trading period do not think everything's just from here and in the front.
Eventually, after a while, you will begin to emerge from this phase, this long period of learning and testing. You will have spent much more time and money than you originally calculated, you will have zero 2-3 times your account and you will have decided to "cut" it already 3-4 times b ???? with absolute failure however as trading is now in your blood.
And so, one day totally suddenly and from nowhere you will reach step 3, at the moment of your "sweet-faced" b |
Step 3 β ???? The moment of "epiphysis"
By the end of the second step you will begin to realize that this is not the system that makes the difference in trading. You will realize that it is actually feasible to make money even with a simple mobile average and nothing else if you correct your approach and make sure you follow the right tactics of managing your capital. You start and read books about the trading psychology and start to see yourself in the cases of the people described and somewhere there comes the "epitaph" b |
If I could describe to you the feeling of this moment, it is like creating a new juncture in your brain neurons and all the complex and lame scenarios that you have occasionally designed in your mind to seem completely useless. It is the moment when you realize that the answer to the question "how can I predict the market movement to win" is very simple: you can not. No one can. No one can accurately predict what the next 10 seconds will be making in the market, let alone in the next 10 minutes or 10 hours. However, you realize that this is not necessary to make you profitable.
The result of this "revelation" will be to stop trying to follow the tactics of one and the other, to stop overraising news and news and what impact they will have on the markets. You will start simply combining everything you have read and learned for so long into your own, unique trading system that exactly meets your own needs and expectations.
You will begin to use this system, this methodology over and over again, improving a little day by day and knowing exactly what you ask for each position and where to leave it, either with profit or with damage. You will take all the positions your system expects to take because you now know that the odds each time you open a post is in your favor, you have seen it, you have lived it again and again and you feel safe with it. When a position closes at a loss you do not get nervous and do not despair because you know that the damage is part of the game, and nobody can predict exactly what the market will do after opening a seat. You are now stopping to look at your results position with the position, but you give it a base on your performance on a weekly basis since one or two lossy positions do not make a system a wrong one.
What you've accomplished is to realize that trading has more to do with one thing: consistency. The consequence of following your system with devotion and discipline and the consistency of getting all the positions provided by your system since the odds are on your side. You have realized that managing your capital properly and using leverage right is just as important and perhaps more important than just assessing market movement as it makes no sense to be 6 times right in 10, but in the end you go out with damages. Remember all those who told you so long not to be hurrying in your estimates and not risk too much in your positions and laughing at b ???? then you were not ready to appreciate their advice, but now you are at last. The moment of "epiphany" came when you finally realized that you will never be able to guess right what the market will do every time BUT it is not necessary to be able to make money.
Step 4 β ???? Conscious Awareness
You now get places daily, always according to your system's requirements. Damage affects your impact and profits, and you let your positions evolve to the end, managing the risk and the stress it can cause you. You know that your system is making more money than you lose and that's why you can keep your tempering in this process.
You are now at a point where week by week you get around what you lose or you have little profit every week. But you do not lose money anymore, you consistently maintain your account at the same level and slowly increase it. You are now sure about yourself and enjoy the respect of your surrounding chat rooms since usually your posts are on the right side. You still have a way to make and limit your mistakes, but you are now in positive territory and your profits steadily outweigh your losses. You start the day with profitable positions by picking up a lot of pips, maybe by noon you have lost some of your winnings but you do not feel that you have "given them" to the market since you know well that you will win back again and more. You have now reached the stage at which your earnings grow at a higher week by week and month by month. This stage usually takes 6 months.
Step 5 β ???? Unconscious Awareness
Now the trading goes for you "with the autopilot". Every day you sit on your computer and you are trading without thinking about each and every one of your decisions, the entire thinking process becomes unconscious. You start and get big moves that bring you 100 and 200 pips in one day but it does not cause you any particular emotion anymore, it's part of the game. You are now "master" of your feelings and take your seats in absolute calm, almost "cold" and your account grows day by day.
At the same time in your conversations with other traders you are the center of interest, you share free advice to the younger but you see that they do not do well in their minds, remember when you were in their place and think that many of them will never reach the stage you are someone else, others will do it, others will be relatively quick, while others may take years, but you know now that this is the path that every successful trader has to do, like the wandering years the prophets try Tash communicate with their God.
On the other hand, trading is not a source of emotion for you anymore, you rarely feel the adrenaline in your veins and may have become a bit boring, boring like any job you've learned well for now and it's not a challenge for you. You stop participating in the slightest debate about trading where you stand and find yourself, you will keep very few people to share your thoughts around the markets and enjoy it like a good chat with an old friend.
Throughout this course, what you have accomplished is to perfect your tactic, to be able to grab the "hair" market without opening too much b ???? your tactic has not changed, you just acquired what is called "intuition". Now you have gained the right to call yourself a trader, but now it makes no sense to show it right and left, you know it and you experience it everyday, and that is more satisfaction than a stranger's admirable look.
I hope you enjoyed this trip in the mind of a trader and "saw" yourself at one of these stages. Remember that only 5% manages to end this fight and what characterizes them is not their unrealistic skills but their persistence and ability to adapt to the conditions around them and not to be stuck in stereotypes.
The failed ones are those who entered the game to get rich quickly and easily and very soon they "embarrassed" themselves into a theory or practice that worked for a while and then stopped. There they are who have failed to be open-minded and flexible, to adapt to the new conditions and to develop their trading. The truth is that we all enter the field with the hope of getting rich quick, those who survive are the ones who will realize early that with trading you can earn enough money? to enrich b ???? but slowly and steadily.
Finally, if you are reading this article, you are thinking of giving up because you are saying "I do not really belong to this 5%" or "how many years do I have to teach yet?" I have just one tip for you. Ask yourself very simply: how many years would you be willing to study in a school or a university if you assumed that when you graduate you will be expecting a "one million a year" job?
Good trading for you all
This is the first step you make when starting to deal with trading. You know it's a good way to make money because you've read so much about it and you've heard of many people who have earned millions of their dealings with it. Unfortunately, like when you wanted to drive for the first time, so now do you think it will be relatively easy? how difficult can it be? The price can go either up or down b ???? which is the hard thing about it? - so you can get started!
Unfortunately, like the first one you sat in front of the wheel of a car, you do not have the slightest idea of what you're going to do. You start and open multiple positions and you get big risks. Once you open a place, the market immediately starts moving against you! Immediately you close your position and oppose an opposite but the market changes behavior and starts to move again against you! And this is happening over and over again!
You can not rule out an initial success, a sequence of profitable trades but this is even worse b ???? your mind begins to think that this job is really easy, maybe easier than you originally imagined, and this leads you to "open up" even more and risk even bigger amounts of money!
You try to cover your losses by doubling the size of your seats often. Sometimes you 'get clean' with this tactic, but you're getting more and more loss-making. For your bad luck you still have not realized your ignorance around trading?
This stage usually takes a couple of weeks, but the rapid market movement leads you very quickly to the second step.
Step 2 - Conscious Ignorance
The second step comes when you realize that trading requires a serious deal and that you will probably have to clear a few things before proceeding. You start to realize that you are ignorant about the object b ???? you do not have the slightest idea of the market or the necessary knowledge to be steadily profitable.
Now you start buying systems and e-books from the Internet, reading countless sites for Forex and looking for your "Holy Grail". In this period you will experience one system after another, you will change tactics from day to day and from week to week without ever trying it for long enough to see if it really is worth it or not. Whenever you learn a new marker you will be 100% sure that he is who will eventually make the difference in your trading.
You will test automated systems in Metatrader, you will play with Fibonacci Fibonacci Fixed Levels, Supports and Resistors, Pivot, Differentiation, Fractals, DMI, ADX, RSI, TSI and whatever else you can catch in your hand, with the fright hope every time that your "imaginary" system will begin to work today. You will be looking for tops and lows, trying to catch the exact point of reversal with your pointers and you will be in the position of chasing lossy positions and often opening extra lots on the slightest sign of correction being sure that "now will turn for you".
You will enter the various forums and you will see other traders make profits and you will wonder why you do not b ???? you will do dozens of questions, many of which you will remember and you will laugh in the future but you will feel that behind these questions is hidden the "truth of trading". You will get too quickly to believe that it is not possible for others to be profitable b ???? you've read everything about trading and you know what they know and so there's only one answer: they're lying! And yet, talk with them every day and you see their bills growing constantly while yours are getting more and more empty.
You will be like a teenager: profitable traders will give you free advice but you will be so rude and you will say "I know what I do" you will do yours and you will open more and more and while everyone will tell you that you are absolutely wrong you will continue to think "I know what I do". You will try to follow the tactics followed by others but this will also fail and you may try to pay for being a subscriber to someone else's signals but that will also fail.
You will try to reach a trading guru that will teach you the "secret secrets of trading" and it is likely that you will pay too much to participate in private educational sessions hoping to introduce you to the "market rites" and start a road to big profits and an expensive and carefree life. I'm sorry to tell you, but this will also fail for two reasons: first, there is no "fast track" for success since it only comes through the experience and secondly, even next to the guru you will do your own monologue " well it says but i know what i'm doing »b ??.
This stage can last for years b ???? in fact experience has shown that to overcome this stage it can take from one to three years. Also, this is the stage at which you are very likely to give up, exhausted by constant and repeated disappointment. About 60% of new traders "abandon the sport" at 3 for the first few months, and that's good if one thinks, because if trading was easy, we would all be millionaires. A percentage around 20% remains active for approximately 1 time with little profits and losses, and then the desperation and the initial dream of quick profits lead them to get bigger risks, naturally leading them to zero their account very quickly.
What will surprise you is that the rest of 20% will last for about 3 years, and at this point you will find it safe now that it has endured the long learning process and is now on the road for a comfortable and lively life. In fact, only 5-10% will continue to be profitable in the long run on a stable basis. These rates are really not the product of my imagination so if you've caught this crucial three-year trading period do not think everything's just from here and in the front.
Eventually, after a while, you will begin to emerge from this phase, this long period of learning and testing. You will have spent much more time and money than you originally calculated, you will have zero 2-3 times your account and you will have decided to "cut" it already 3-4 times b ???? with absolute failure however as trading is now in your blood.
And so, one day totally suddenly and from nowhere you will reach step 3, at the moment of your "sweet-faced" b |
Step 3 β ???? The moment of "epiphysis"
By the end of the second step you will begin to realize that this is not the system that makes the difference in trading. You will realize that it is actually feasible to make money even with a simple mobile average and nothing else if you correct your approach and make sure you follow the right tactics of managing your capital. You start and read books about the trading psychology and start to see yourself in the cases of the people described and somewhere there comes the "epitaph" b |
If I could describe to you the feeling of this moment, it is like creating a new juncture in your brain neurons and all the complex and lame scenarios that you have occasionally designed in your mind to seem completely useless. It is the moment when you realize that the answer to the question "how can I predict the market movement to win" is very simple: you can not. No one can. No one can accurately predict what the next 10 seconds will be making in the market, let alone in the next 10 minutes or 10 hours. However, you realize that this is not necessary to make you profitable.
The result of this "revelation" will be to stop trying to follow the tactics of one and the other, to stop overraising news and news and what impact they will have on the markets. You will start simply combining everything you have read and learned for so long into your own, unique trading system that exactly meets your own needs and expectations.
You will begin to use this system, this methodology over and over again, improving a little day by day and knowing exactly what you ask for each position and where to leave it, either with profit or with damage. You will take all the positions your system expects to take because you now know that the odds each time you open a post is in your favor, you have seen it, you have lived it again and again and you feel safe with it. When a position closes at a loss you do not get nervous and do not despair because you know that the damage is part of the game, and nobody can predict exactly what the market will do after opening a seat. You are now stopping to look at your results position with the position, but you give it a base on your performance on a weekly basis since one or two lossy positions do not make a system a wrong one.
What you've accomplished is to realize that trading has more to do with one thing: consistency. The consequence of following your system with devotion and discipline and the consistency of getting all the positions provided by your system since the odds are on your side. You have realized that managing your capital properly and using leverage right is just as important and perhaps more important than just assessing market movement as it makes no sense to be 6 times right in 10, but in the end you go out with damages. Remember all those who told you so long not to be hurrying in your estimates and not risk too much in your positions and laughing at b ???? then you were not ready to appreciate their advice, but now you are at last. The moment of "epiphany" came when you finally realized that you will never be able to guess right what the market will do every time BUT it is not necessary to be able to make money.
Step 4 β ???? Conscious Awareness
You now get places daily, always according to your system's requirements. Damage affects your impact and profits, and you let your positions evolve to the end, managing the risk and the stress it can cause you. You know that your system is making more money than you lose and that's why you can keep your tempering in this process.
You are now at a point where week by week you get around what you lose or you have little profit every week. But you do not lose money anymore, you consistently maintain your account at the same level and slowly increase it. You are now sure about yourself and enjoy the respect of your surrounding chat rooms since usually your posts are on the right side. You still have a way to make and limit your mistakes, but you are now in positive territory and your profits steadily outweigh your losses. You start the day with profitable positions by picking up a lot of pips, maybe by noon you have lost some of your winnings but you do not feel that you have "given them" to the market since you know well that you will win back again and more. You have now reached the stage at which your earnings grow at a higher week by week and month by month. This stage usually takes 6 months.
Step 5 β ???? Unconscious Awareness
Now the trading goes for you "with the autopilot". Every day you sit on your computer and you are trading without thinking about each and every one of your decisions, the entire thinking process becomes unconscious. You start and get big moves that bring you 100 and 200 pips in one day but it does not cause you any particular emotion anymore, it's part of the game. You are now "master" of your feelings and take your seats in absolute calm, almost "cold" and your account grows day by day.
At the same time in your conversations with other traders you are the center of interest, you share free advice to the younger but you see that they do not do well in their minds, remember when you were in their place and think that many of them will never reach the stage you are someone else, others will do it, others will be relatively quick, while others may take years, but you know now that this is the path that every successful trader has to do, like the wandering years the prophets try Tash communicate with their God.
On the other hand, trading is not a source of emotion for you anymore, you rarely feel the adrenaline in your veins and may have become a bit boring, boring like any job you've learned well for now and it's not a challenge for you. You stop participating in the slightest debate about trading where you stand and find yourself, you will keep very few people to share your thoughts around the markets and enjoy it like a good chat with an old friend.
Throughout this course, what you have accomplished is to perfect your tactic, to be able to grab the "hair" market without opening too much b ???? your tactic has not changed, you just acquired what is called "intuition". Now you have gained the right to call yourself a trader, but now it makes no sense to show it right and left, you know it and you experience it everyday, and that is more satisfaction than a stranger's admirable look.
I hope you enjoyed this trip in the mind of a trader and "saw" yourself at one of these stages. Remember that only 5% manages to end this fight and what characterizes them is not their unrealistic skills but their persistence and ability to adapt to the conditions around them and not to be stuck in stereotypes.
The failed ones are those who entered the game to get rich quickly and easily and very soon they "embarrassed" themselves into a theory or practice that worked for a while and then stopped. There they are who have failed to be open-minded and flexible, to adapt to the new conditions and to develop their trading. The truth is that we all enter the field with the hope of getting rich quick, those who survive are the ones who will realize early that with trading you can earn enough money? to enrich b ???? but slowly and steadily.
Finally, if you are reading this article, you are thinking of giving up because you are saying "I do not really belong to this 5%" or "how many years do I have to teach yet?" I have just one tip for you. Ask yourself very simply: how many years would you be willing to study in a school or a university if you assumed that when you graduate you will be expecting a "one million a year" job?
Good trading for you all
Last edited:
