LEVEL 1 the “earn a living ” Trader
GOAL
– earn a living is the main goal. To put it bluntly, put food on the table is the focus.
– aim at getting the independence lifestyle
LEVEL OF COMMITMENT
– these types of trader like the markets and get excited when winning trade(s). When they lose, they can be depressed. They have a basic system in place, but not strong enough to be sustainable for a long period of time.
– they are not full-time trader. They have other responsibilities aside.
– obsessed about minor things
LEVEL OF EXPERIENCE
– a couple of year(s) of experience (up to 30 years!). Main problem: very little improvement
as time goes by. Each year is pretty the same as the previous one. As a result, 10 years of experience means NOTHING.
– as they are looking for the holy grail, they are the perfect client who buys tens thousand dollar worth of courses along the years. They cannot help buying courses every year to find out the holy grail.
LEVEL of BELIEFS
– come up with many excuses . A few sample: mortgage payment burden, no time to trade full time, don’t focus enough yet very knowledge about the markets, undercapitalized, searching the holy grail all their life.
– the don’t “deserve” to make big bucks. It’s rooted at a subconscious level
SOLVING PROBLEM
– they react to a problem, no anticipation or plan ahead of time
– worse, they don’t face their responsibilities, put their heads in the sand.
INCOME EXPECTATION
– a couple of thousand(s) dollar per month or more. Above middle-class people achievement is the core expectation.
AWARENESS
– they have a limited sense of who they are
– no ritual to go in the zone before trading, only basic style of setup (survival mode)
– the first goal is to make a living; it’s not a calling.
– no in-depth knowledge of who they are
HOW TO STRIVE for EXCELLENCE WHEN YOU REACH THIS LEVEL
– Go beyond your limiting belief. Congratulations! Raise your standards! You ‘ll be far happier in the long run.
LEVEL 2 “the good life ” Trader
GOAL
– earn a living with a high standard of living
– aim at solving the new challenge and upper-class lifestyle
LEVEL OF COMMITMENT
– these types of trader are consistent and profitable along the years They have a good system in place
– they are full-time trader.
– obsessed about being the best
LEVEL OF EXPERIENCE
– they are very experienced and zero in on a particular class of assets/markets
– they find it difficult to go beyond the current level of expertise
LEVEL of BELIEFS
– they are well-rounded person and their life is very stable. They may be stuck in this level of belief:
The downside of achieving the next level far outweighs the upside. As a result, no big improvement as time goes by
SOLVING PROBLEM
– they face their responsibilities and problem are solved.
INCOME EXPECTATION
– a good 6-figure income(s) at least . Living in the 1% income bracket is the core expectation
AWARENESS
– they love trading. It’s a passion, a calling.
– the first goal is to have a smooth equity curve, stable and up trending. They may link the sense of identity to their results in the long run.
HOW TO STRIVE for EXCELLENCE WHEN YOU REACH THIS LEVEL
– Life supports what supports more of life ( T. Robbins). Kudos! Go out of your comfort zone and
try to contribute more during your lifespan. Upper-class level achievement should not be an end in itself.
LEVEL 3 The legendary Trader
GOAL
– create a new style of trading, beyond the traditional method
– aim at coming up with a new field of trading
LEVEL OF COMMITMENT
– these types of trader are dedicated. Usually, for a lifetime.
– they are full-time trader. 24/7, many years in a row.
– they may have a life unbalanced when not monitored. Burnout is a real possibility.
– obsessed about being the best version of himself/herself
LEVEL OF EXPERIENCE
– they are very experienced and create a new way of thinking
– they challenge common beliefs and are not ready to settle down to a level of achievement
LEVEL of BELIEFS
– they are independent thinkers. Very buoyant, joyful, upbeat or the opposite, introvert, calm. They believe that the impossible is possible. The defy the odds, and don’t care about what others may thing.
SOLVING PROBLEM
– they are ready to “die” to solve each problem along the way. They put the extra effort and eventually, the problem is solved. They understand the deep concept of sunk cost and are not attached to losses/ wins.
– they have very powerful and long list of systems, yet very simple
INCOME EXPECTATION
– at least a 7-figure income but usually, their income is off the charts. Unconventional, the outstanding standard of living.
AWARENESS
– they have a deep understanding of who they are and hang out with the best people in the world
– they are likely to have an unusual amount of hunger to reach their goal(s). Caveat: if their identity is attached too strongly to trading , they may end their life. They may end up badly if they are not focused on monitoring their balance in life. As a result, the first principle of non-attachment MUST be a top priority goal in their life.
– the first goal is go to uncharted territory. Beyond the matrix.
HOW TO STRIVE for EXCELLENCE WHEN YOU REACH THIS LEVEL
– Create a balanced life at all cost. Congratulations! This amazing achievement is terrific! There is more to life than trading. Find out a better way to make the life of trader(s) around the world more meaningful for planet earth. Make a dent in the universe.
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