Only 1% can go through these five stages. Which stage are you in?
These five trading stages depict the growth of traders vividly. The profession of trader is a highly professional job. You can find your own shadow in it.
Stage 1: Not knowing it is impossible
This is the first stage when you start trading. Having heard about the success stories of many millionaires, you know that "trading" is a business that can make a lot of money. But once you start, you will know how difficult it is. You start to trade non-stop and take a lot of risks. Sometimes as soon as you enter the market, the market moves in the opposite direction, so you reverse your order again. "Damn! Why is it reversed again?" You reverse your order again... and again... and again... Maybe you did well at the beginning, but this is worse - because it tells your brain: "Trading is too easy", and then you start to "do whatever you want".