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Trading Lounge
    21 steps to becoming a successful trader
  1. I accumulate information, books and seminars.
  2. I begin to trade with my 'new' knowledge.
  3. I consistently lose money and then realise I may need more knowledge or information.
  4. I switch commodities, go to another seminar and then back into the market to trade with my 'updated' knowledge.
  5. I get 'beaten up' again and begin to lose confidence. Fear starts setting in.
  6. I switch commodities again, search for more information and go back into the market and see a bit of progress.
  7. I get 'over confident', the market humbles me and I start to understand that trading successfully is going to take more time and more knowledge than I anticipated.
    "I'm calling the Trading Lounge!" => 02 9566 4520
  8. So, I get serious and start concentrating on getting a real education.
  9. I begin to understand the need for having rules and methodologies in applying my trades.
  10. I start trading again, this time with rules and find some success, but over all I still hesitate when it comes time to execute.
  11. I feel I'm very close to crossing that threshold of successful trading.
  12. As I trade I still have a tendency to violate the Trading Lounge rules so my results are still erratic.
  13. I gain confidence in the rules and go back into the market and trade.
  14. I now see the importance of following these rules as I see the results of my trades when I don't follow the rules.
  15. I begin to see that my lack of success is within me (a lack of discipline in following the rules because of some kind of fear) and I begin to work on knowing myself better.
  16. I continue to learn with the Trading Lounge, and the market teaches me more and more about myself and my trading personality.
  17. I master my trading rules and methodology and I begin to consistently make money.
  18. I get a llittle over-confident and the market humbles me. I continue to lean lessons.
  19. I stop thinking and allow my rules to trade for me (trading becomes boring, but successful) and my trading account continues to grow as I increase my contract size.
  20. We are making more money than we ever dreamed possible.
  21. We go on with our lives and accomplish many of the goals we had always dreamed of.
    "Thank God I called the Trading Lounge!" => 02 9566 4520