Four Stages Of Awareness in Trading

Have you ever noticed that awareness is the first step toward future growth? If you want to improve in any area, read on below to understand the four stages of awareness as they relate to good trading.

The learning curve in any endeavor involves four stages:

Unconscious incompetence (where the trader has no idea how much he doesn’t know about trading)
Conscious incompetence (where the traders realizes after initial losses that he has a lot to learn)
Conscious competence (where the trader has developed and is now doing well as long as he works his system and its rules)
Unconscious competence (where the trader has mastered the rules and also knows when to break the rules as conditions change, in a complete flow with the markets based on great experience)

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