Enlightened Super Trader Education - Online Trading CFD, Trading Education, Trading Psychology, Forex Trading, Stock Trading, Futures Trading

5 Stages of Learning Based on the "Be-Do-Have" Trading Model

BEGINNER	INTERMEDIATE I	INTERMEDIATE II	ADVANCED I	ADVANCED II
Unconscious Incompetence	Conscious Competence	Awakening Moment	Conscious Competence	Unconscious Competence
- you don't know that you don't know something	- you are now aware that you are incompetent at something	- you address that there is something wrong	- you develop a skill in that area but have to think about it	- you are good at it and it now comes naturally
Technical Skills	Technical Skills	Technical Skills	Technical Skills	Technical Skills
- None or Limited	- Learning a trading system or method - Demo Trading or Live Trading	- Development of a trading plan - Back testing - Starts to be aware that something is wrong based on inconsistency of results - Understands risks and uncertainty of trading	- Discipline is inconsistent - Trades the plan - Risk management, money management, and profit management are developed - Trading system and trading method are developed	- Trading system is mechanical - Trading methodology is part of SELF
Emotional Skills	Emotional Skills	Emotional Skills	Emotional Skills	Emotional Skills
- No self-awareness - Level of Self-Awareness is limited - Not congruent with trading	- Poor self-awareness - Level of self-awareness is limited - No control over fear, greed, impulsiveness, trust, confidence, etc.	- Starts to be aware about SELF - Emotional tools are available - Development of emotional control -Mindfulness is inconsistent	- Awareness of SELF - Emotional tools are more important than trading system - Starts to be mindful in most cases	- Full awareness of SELF - Emotional tools are part of SELF - Being mindful and consistently improves oneself
Beliefs	Beliefs	Beliefs	Beliefs	Beliefs
- I can get rich quickly - I am overwhelmed by the information given - I don't know where to start	- I can get rich quickly - I just need to find the "holy grail" trading system - I know I can make the system better	- I can win with one system - I now understand risk and uncertainty - I can do this and I can improve my trading	- I am following my own trading system - I understand risk and uncertainty - I know that mindset is more important than system	- I choose to trade whenever I want to trade - I don't think, I just do - I am one with the market - I trade in the zone
Results	Results	Results	Results	Results
- No trading - Major losses - Occasional Wins	- Inconsistent trading - Inconsistent results - Frequent draw downs	- Periods of consistent trading - Periods of consistent results - Periods of poor results	- Long periods of consistency	- Trading takes care of the results - Consistency is maintained

Disclaimer:

Please note that our personal recommendation does not constitute advice. There’s always an element of risk when trading and trading can result in financial loss. You must seek specific advice from your adviser before taking any action. No warranty or guarantee is given regarding the accuracy or reliability of our report. Enlightened Super Trader Education and RS Universal Trading Pty Ltd will not be liable to any person, for any loss or damage arising as a result of its use. For permission to use our report, you must accept full responsibility for any action that you take. Past results are not considered a reliable guide to future results. Testimonials herein are both unsolicited and solicited and are non-representative of all clients