--- The Phase of Trader ---
richestfx
Membre depuis Apr 20, 2017
9 messages
Apr 23 2019 at 06:37
I wrote this in general to give you understanding about the journey of the trader. It’s not fixed or same for everyone but generally like this, it was based on my experience. I didn’t mean to everyone, just for educational purpose and all this story is fact i did and feel it by myself.
PHASE I (the dream) – NOVICE --1-2 weeks--🙄
In this phase many people interested in invest the money, they also interested to learn by themselves. In this case, they have a big dream, they think that trading (forex, option, and stocks) is easy. Mostly they got information from IB or their friend who have been involved in forex at least 2-3 years.
PHASE II (the journey begin) – BEGINNER --1-3 months--😉
They know a little about trading and they start to spend the money to invest.
There are 2 case.
- The lucky one
In this case, they feel lucky because what they invest grow over a month. They usually will invite their friend to join with them, or they will add more capital to gain more profit from it. If it happens mostly the phase will be end on here, they won’t learn anything from it. The different with real investor is the lucky one usually use standard investment in the instituion ($5000 - $25000) then investor will calculate it all the risk and the capital more than the lucky one. Another different is investor has the limit of profit and risk, then the lucky one hasn’t.
- The Pesky
Usually their account will blown up within 3-40 days. Because they don’t know, they were curious and want get revenge for losing money. Mostly they decided to learn more and become newbie.
PHASE III (the rat wheel) – NEWBIE --2-4 years-- 😂
The Pesky who change into curious spirit, pesky + emotion = curious spirit, in this case, they are like ghost, they hunt many techniques, they read many information about trading, they will run in the rat wheel, they will join many educational trading buy some books, buy an indicator, buy Eas, to learn everything in forex just to return their lose and fulfil the curiosity....
workshop test MC workshop test MC workshop
PHASE IV (the test) – EXPERIENCED --1-2 years—😁
In this phase the spirit already back to the body, they know what should they do, they got enlighment. They have own system (not just strategy), but the problem is when they try to use their own system, they got nuisance from the outside (other profitable system, got loss some trade, they got bullied from friend, etc).
PHASE V (graduation) – THE EYE 😎
After they passed the last examination about testing their own system. Now, they will choose their fate (become silent, become investor or being part of the bank), because in this case the market like their eye, whenever the market go they know and will follow...some of them who i met, had 85-100% win ratio with low open position per month (20-50 open position per month) with low DD
In this case, majority of trader in this world (including me) still on phase III or IV, its okey just keep going find your own system. For beginner just want to start you can determine its worht it to do it with the long process that you should take a part.
I am sorry for my bad english and explanation, please forgive me if there is wrong word or bad words of me. Once more its very subjective you might disagree with me. Feedback was expected from you
If its very useful thats great, thank you...
I am just a human who not perfect, perfect is only GOD.... #behappyalways #enjoythejourney
peace be upon you😄
PHASE I (the dream) – NOVICE --1-2 weeks--🙄
In this phase many people interested in invest the money, they also interested to learn by themselves. In this case, they have a big dream, they think that trading (forex, option, and stocks) is easy. Mostly they got information from IB or their friend who have been involved in forex at least 2-3 years.
PHASE II (the journey begin) – BEGINNER --1-3 months--😉
They know a little about trading and they start to spend the money to invest.
There are 2 case.
- The lucky one
In this case, they feel lucky because what they invest grow over a month. They usually will invite their friend to join with them, or they will add more capital to gain more profit from it. If it happens mostly the phase will be end on here, they won’t learn anything from it. The different with real investor is the lucky one usually use standard investment in the instituion ($5000 - $25000) then investor will calculate it all the risk and the capital more than the lucky one. Another different is investor has the limit of profit and risk, then the lucky one hasn’t.
- The Pesky
Usually their account will blown up within 3-40 days. Because they don’t know, they were curious and want get revenge for losing money. Mostly they decided to learn more and become newbie.
PHASE III (the rat wheel) – NEWBIE --2-4 years-- 😂
The Pesky who change into curious spirit, pesky + emotion = curious spirit, in this case, they are like ghost, they hunt many techniques, they read many information about trading, they will run in the rat wheel, they will join many educational trading buy some books, buy an indicator, buy Eas, to learn everything in forex just to return their lose and fulfil the curiosity....
workshop test MC workshop test MC workshop
PHASE IV (the test) – EXPERIENCED --1-2 years—😁
In this phase the spirit already back to the body, they know what should they do, they got enlighment. They have own system (not just strategy), but the problem is when they try to use their own system, they got nuisance from the outside (other profitable system, got loss some trade, they got bullied from friend, etc).
PHASE V (graduation) – THE EYE 😎
After they passed the last examination about testing their own system. Now, they will choose their fate (become silent, become investor or being part of the bank), because in this case the market like their eye, whenever the market go they know and will follow...some of them who i met, had 85-100% win ratio with low open position per month (20-50 open position per month) with low DD
In this case, majority of trader in this world (including me) still on phase III or IV, its okey just keep going find your own system. For beginner just want to start you can determine its worht it to do it with the long process that you should take a part.
I am sorry for my bad english and explanation, please forgive me if there is wrong word or bad words of me. Once more its very subjective you might disagree with me. Feedback was expected from you
If its very useful thats great, thank you...
I am just a human who not perfect, perfect is only GOD.... #behappyalways #enjoythejourney
peace be upon you😄
Be Grateful and Happy always
Sublime Markets
(sublimemarkets)
Membre depuis Sep 19, 2018
26 messages
Apr 24 2019 at 13:42
Very interesting read, thank you.
btw low dd is overestimated, it's all about managing the risks.
good luck getting to the EYE :)
btw low dd is overestimated, it's all about managing the risks.
good luck getting to the EYE :)
SublimeMarkets on Facebook too
richestfx
Membre depuis Apr 20, 2017
9 messages
Apr 26 2019 at 12:16
😇actually, there is a way to set DD still in low condition...hahaha😇
Be Grateful and Happy always
AniLorak
Membre depuis Apr 18, 2017
917 messages
Apr 28 2019 at 09:31
Nice start; thanks for this thread; honestly, I am interested to hear from you. Have a great week.
Teejy88
Membre depuis Jun 10, 2017
35 messages
Apr 28 2019 at 12:00
Nice thread, thanks.
AmDiab
Membre depuis Apr 18, 2017
709 messages
Apr 29 2019 at 06:00
Thanks for sharing your story with the details; nice to know your story!
steveday1976
Membre depuis Mar 03, 2019
50 messages
Nov 10 2019 at 21:06
Good thread, worth reading
traderroni
Membre depuis Oct 05, 2019
29 messages
Nov 15 2019 at 09:38
Wow. Nicely phased. That’s true. What phases are you’all traders in right now?
burstfiltering
Membre depuis Sep 12, 2019
9 messages
Nov 15 2019 at 11:49
Good description of the phases. Accurate for me hope I will make phase V
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