Evolution of a trader

Stage Six: The Expert Trader

1) In this final stage, you completely understand the markets you are trading. Being involved in it everyday you are aware of every key price level 

2) You understand market concept and are able to predict the direction of the markets a fairly good amount of time. 

3) You pat yourself on your back and take profits as soon as you feel euphoric. You do this because you understand euphoria is the same as emotional trading. 

4) You talk to other traders and realize the development stage they are in 

5) People start asking you for trading advice, you publish a book, and you have a specific trading methodology that represents you! 

6) Taking trades come naturally and you are able to get in and out at the precise price levels based on tape 

7) Instead of having the markets take your stop out, you exit when you know you are wrong. 

8) You keep your head high but remain humble on the inside. You have now officially graduated the school of the hard knocks 

9) You have reached the unconscious competence stage.