Psychological Stages of a Trader's development

Stage 1.

Unconscious incompetence – not knowing how much you don’t know

Stage 2.

Conscious incompetence – Getting an understanding of the scope of work and dedication required to win

Stage 3.

The Aha Moment – trader accepts past failures and starts following a serious approach: no system hoping.

Stage 4.

Conscious competence – Trader understands the importance of process-oriented thinking

Stage 5.

Unconscious competence – Trading becomes a routine and a pattern recognition game. It actually becomes boring!