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  1. #1
    Moderator Kolyo's Avatar

    ok icon 39 Stages of Personal Traders Evolution Where are you Now? !!!

    This list of 38 steps to becoming a successful trader is pulled from The Way to Trade by John Piper, also published in Commodity Futures Trading Club News.

    Can you share with us where you think are you on the list below?


    1. We accumulate trading information buying books, going to seminars and researching.
    2. We begin to trade with our new knowledge.
    3. We consistently donate and then realize we may need more knowledge or information.
    4. We accumulate more information.
    5. We switch the commodities we are currently following.
    6. We go back into the market and trade with our updated knowledge.
    7. We get beat up again and begin to lose some of our confidence. Fear starts setting in.
    8. We start to listen to outside news & other traders.
    9. We go back into the market and continue to donate.
    10. We switch commodities again.
    11. We search for more trading information.
    12. We go back into the market and continue to donate.
    13. We get overconfident & market humbles us.
    14. We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.


    Many Traders Will Give up at this Point as they Realize Work is Involved



    16. We get serious and start concentrating on learning a real methodology.
    17. We trade our methodology with some success, but realize that something is missing.
    18. We begin to understand the need for having rules to apply our methodology.
    19. We take a sabbatical from trading to develop and research our trading rules.
    20. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
    21. We add, subtract and modify rules as we see a need to be more proficient with our rules.
    22. We go back into the market and continue to donate.
    23. We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
    24. We continue to trade and become more proficient with our methodology and our rules.
    25. As we trade we still have a tendency to violate our rules and our results are erratic.
    26. We know we are close.
    27. We go back and research our rules.
    28. We build the confidence in our rules and go back into the market and trade.
    29. Our trading results are getting better, but we are still hesitating in executing our rules.
    30. We now see the importance of following our rules as we see the results of our trades when we dont follow them.
    31. We 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 we begin to work on knowing ourselves better.
    32. We continue to trade and the market teaches us more and more about ourselves.
    33. We master our methodology and trading rules.
    34. We begin to consistently make money.
    35. We get a little overconfident and the market humbles us.
    36. We continue to learn our lessons.
    37. 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.
    38. We are making more money then we ever dreamed to be possible.
    39. We go on with our lives and accomplish many of the goals we had always dreamed of.




    I feel that I am moving somewhere between 32 and 33.

    I have good results but still room to improve further, still away from perfection but already see the results of the many years hard work.
    There is no way to eliminate all the losing trades, but from a statistical standpoint letting the method work has proved to be consistently profitable. There is always room for improvement and I am always learning new things about the market and myself and always open for improvements


    Share what you think about your current level?
    Last edited by Kolyo; 04-30-2015 at 11:31 AM.
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  2. Thanks Pinayito, Dan21 thanked this post
  3. #2
    Solid Member Pinayito's Avatar
    Thanks for this one Kolyo! I will read them later and to see where my currrent level is

  4. Thanks Ronnel thanked this post
  5. #3
    Veteran Member Ronnel's Avatar
    Nice topic Kolyo!
    Since I'm very new to BO, I think I'm encountering most of these stages all in one big hard blow and it's a huge brain drain for me.

    It's still premature to say but I guess I'm somewhere at
    23. We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
    24. We continue to trade and become more proficient with our methodology and our rules.
    But this is what really bothers me...
    "22. We go back into the market and continue to donate".

  6. #4
    Specialist Member marc's Avatar
    Dammit ... I seem to be at 26!
    thought the goal was closer ... way to go till 39!

  7. #5
    Legendry Member Okane's Avatar
    Wow that's a nice list Kolyo! Thanks for the effort.

    I would say I am at 33/34 but I also know that I will learn something new everyday!
    You are never 100% and your trading results wont be a 100% either but you can make a 100% effort and set your mind into it a 100%.
    I am happy about where I am today, wouldn't have been possible without CT .

    About 38. Well not more than I could dream of, my imagination has no limits LOL.
    But way more than I was making a couple years ago
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  8. #6
    Active Member hecky3's Avatar
    Nice topic Kolyo, I place myself somewhere between 29 and 33.I have great confidence in my methodology but am still afraid of making mistakes. One thing is for certain, I've not reached 34 yet, I don't make money consistently!

  9. #7
    Moderator Kolyo's Avatar
    Thanks hecky3

    Yep.. On first look it seems trading is easy and the big moneys are just one hand away, but they are not. You see that there is long road to success and you will learn everything only if you never give it up and continue the entire path independent of the difficulties you will meet during the journey
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  10. #8
    Moderator Kolyo's Avatar
    Quote Originally Posted by Okane View Post
    Wow that's a nice list Kolyo! Thanks for the effort.

    I would say I am at 33/34 but I also know that I will learn something new everyday!
    You are never 100% and your trading results wont be a 100% either but you can make a 100% effort and set your mind into it a 100%.
    I am happy about where I am today, wouldn't have been possible without CT .

    About 38. Well not more than I could dream of, my imagination has no limits LOL.
    But way more than I was making a couple years ago

    There is always room for improvements. I don’t think there is a trader somewhere who trade with one and the same system for years and make consistent returns, you always need to adapt to changing markets. I can see some profits but there is still long path till I make them consistent day in and day out and we will never achieve 100% perfection, the world of trading is imperfect and this is why it is so beautiful and attractive
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  11. Thanks Okane thanked this post
  12. #9
    Legendry Member Michael Hodges's Avatar
    I hope I'm not being big headed but I think I'm in the 35- 37 range....

  13. #10
    Legendry Member milos's Avatar
    Kolyo nice post on subject trader's evolution.

    36. We continue to learn our lessons.

    I'd really like this range. I'm thinking I'm in the 36 range. Nobody's perfect including myself.Binary options trading is big science for me.I'm ready to learn more and more.

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