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Wednesday, October 13, 2010

Level Trader ( level 4 and 5)

Level 4 Conscious Competence

In this level, they only trading if the system give signal to open position. They easy to cut loss same as take profit. because they know that their system will give more profit than loss, and their cut loss that they do is the risk of bussiness i.e. max 2% from their acount balance.

In this level they begin trade with target profit is 20 point/day, and after do that constantly and consistently for several week, they raise target until 40 point/day. And they do it like before, can maintain their target.

They must  work harder to reach in this level, fix their system, controll the emotion, and always use money management. This level eventually go on 6 month. From this level, only 3% trader reach to next level.

and finally the last level is:

Level 5 Unconscious Competence

This is level that every trader in the world desire to reach, in this level they can trade naturally, they are master now, they can dance with market wherever market go, they've opened position in rigth direction, so they will see the profit going from 2 digit become 3 digit. 

This is higher level from trader, an utopia level, they've controlled emotion and now they trading with acount that growth everyday from kumulatif profit everyday. They become superstar in trading chat room, dan every people always believe every word that you say, they understand with every question because they have in this position long years ago. They will give and advice, but they admit that majority of people ignore it because still in level 1.

They dont have financial problems again, they can buy anything because their income is like superstar, they can make book by their self, can trade with unlimited margin and their acount  get very bigger than begining acount. But Only 3% trader can reach this level. Now they can say proudly, "I AM TRADER".

So, from level 1 to level 5, where are you now??

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