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 successfully is going to take more time and more knowledge then we anticipated.
15) We get serious and start concentrating on learning a 'real' methodology.
16) We trade our methodology with some success, but realize that something is missing.
17) We begin to understand the need for having rules to apply our methodology.
18) We take a sabbatical from trading to develop and research our trading rules.
19) We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20) We add, subtract and modify rules as we see a need to be more proficient with our rules.
21) We go back into the market and continue to donate.
22) We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
23) We continue to trade and become more proficient with our methodology and our rules.
24) As we trade we still have a tendency to violate our rules and our results are erratic.
25) We know we are close.
26) We go back and research our rules.
27) We build the confidence in our rules and go back into the market and trade.
28) Our trading results are getting better, but we are still hesitating in executing our rules.
29) We now see the importance of following our rules as we see the results of our trades when we don't follow them.
30) 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.
31) We continue to trade and the market teaches us more and more about ourselves.
32) We master our methodology and trading rules.
33) We begin to consistently make money. We begin to consistently make money.
34) We get a little overconfident 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 then we ever dreamed to be possible.
38) We go on with our lives and accomplish many of the goals we had always dreamed of.
Most traders will identify with this list and should be able to place themselves within these steps. Keep in mind that very few people progress through these steps in an orderly fashion. Developing your trading skills is an iterative process. For example, you may reach Step 13, find that although you were making money, your basic premise for trading was flawed (you might have been benefiting from the bull market, rather than your own trading prowess and then have been rudely awakened when the market entered a bear phase) and you may drop back to Step 4 and start 'climbing' the steps again. Having the proper mindset, attitude and psychological makeup becomes increasingly important as you progress through the steps. The focus of the earlier steps is on external issues, i.e. developing proficiency in the mechanics of trading while the focus of the latter steps (particularly from Step 30, on) is on internal issues, i.e. improving ourselves mentally and psychologically, maturing as trader.
hum honge kamyab - hum honge kamyab ak din - man main hai visvas pura hai visbvas hum honge kamyab ak din .
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One more thing,to get a Solution for posting Charts and Images on Mudraa...
Please try the followings,
make a file of chart, go 2 rich text,select insert/edit link, clik upload,go 2 browsser nsend 2 server.
or
1. Please visit following site www.stooorage.com/
2. Upload your image, after uploading is finished you will be taken to next page where
it will be written show a friend, just select that whole thing and then copy and paste over here in mudra
or
http://photobucket.com/
GO TO THIS SITE AND REGISTER UR SELF FOR IMAGE UPLOAD.
SIGN IN UR ACCOUNT.
UPLOAD UR IMAGE.
COPY THE HTML CODE. WHICH SHOWN BELOW UR IMAGE.
NOW GO TO THE "Reply on this Message (Reply in Rich Text)" IN MUNDRAA.
NOW IN CLICK EDITOR.
AND PRESS "Ctrl + Tab". then PASTE THAT COPYED LINK IN EDITOR.
THEN CLICK ON "Reply to Post".
another good site for uploading photos on the net is
www.flickr.comter uploading JPG file on this site, just open the pic and copy paste in your post
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