Step Five - Unconscious Competence ================================== Now we’re cooking - just like driving a car, every day you get in your seat and trade - you do everything now on an unconscious level. You are running on autopilot. You start to pick the really big trades and getting 200 pips in a day doesnt make you any more excited that getting 1 pips. You see the newbies in the forum shouting go dollar go as if they are urging on a horse to win in the grand national and you see yourself - but many years ago now. This is trading utopia - you have mastered your emotions and you are now a trader with a rapidly growing account. Youre a star in the trading chat room and people listen to what you say. You recognise yourself in their questions from about two years ago. You pass on your advice but you know most of it is futile because theyre teenagers - some of them will get to where you are - some will do it fast and others will be slower - literally dozens and dozens will never get past stage two, but a few will. Trading is no longer exciting - in fact its probably boring you to bits - like everything in life when you get good at it or do it for your job - it gets boring - youre doing your job and thats that. Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all. All the time you are honing your methods to extract the maximum profit from the market without increasing risk. Your method of trading doesn’t change - it just gets better - you now have what women call intuition You can now say with your head held high Im a currency trader but to be honest you don’t even bother telling anyone - its a job like any other. I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here. Remember that only 5% will actually make it - but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available. The losers are those who wanted to get rich quick but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious - a kind of this is the way i see it and thats that scenario - refusing to assimilate new information that changes that perception. I’m happy to tell you that the reason i started trading was because of the get rich quick mindset. Just that now i see it as get rich slow
Posted on: Fri, 29 Nov 2013 10:53:29 +0000