Here is the sad condition of most traders…
They are incompetent and they don’t even know it! That might sound harsh but it is the brutal truth. Permit me to explain…
In mastering anything in life, we go through 4 stages.The first is called Unconscious Incompetence. This means that we are incompetent and we don’t even know that we are incompetent! That is actually where most traders are at.
They try lots of different things, lack discipline or a consistent method, flounder around, throw money at the problem, and think that one day they will finally “crack the code”. It rarely happens, which is why 95% of traders are losers.
The second stage is called Conscious Incompetence. This is when you are incompetent and you finally KNOW that you are incompetent. Now we are getting somewhere! After all, knowing that you are incompetent is the first stage in taking serious steps to improve.
It takes a lot of honesty to get to the point where you admit that you need outside help and then go out and seek it. After all, you can’t improve if you don’t think there is anything TO improve!
The third stage is called Conscious Competence. After learning the right methods and principles, you finally become competent in the matter. However, you still need to exert your full concentration in order to maintain that competence.
As a trader, this means you are profitable but it is still a lot of strain and effort to remain so. In another arena, once you have just learned to drive a car, you can definitely do so but it takes all of your mental effort to do it. You can’t simply relax and daydream.
Finally, with still more effort, you reach the state of Unconscious Competence. This means that you have mastered the subject and it is actually effortless. You are great at it and you no longer even have to think about what you are doing.
This is where all the great traders are. And that is why it is often hard to pin them down as to what they do or think that makes them so profitable.
They literally don’t know anymore because they have absorbed successful trading right into their bloodstream. It’s a part of them and they can no longer explain it.
But sadly, the condition of most traders is Unconscious Incompetence, or at best Conscious Incompetence. They either don’t know that they are incompetent, or else they do. Either way, they lose money!
And of course, this state of being leads to confusion. Why? Because the trader is trying hard to learn and improve, but the markets are very bad teachers.
Sometimes the market will reward you with profits when you do the wrong thing (e.g. run your loss for a while) and punish you with a loss when you do the right thing (e.g. place your stop and keep it there).
That means that you end up learning how to do the WRONG things! You get feedback from the markets, but it is usually in terms of profits and losses, and so you learn the wrong lessons from it.
In fact, these are just some of the reasons why most traders either go broke or else give up.
What a trader needs the most is a mentor/coach who KNOWS the right principles of Trading and can teach them. And who can nurture that trader from the place of floundering around blindly to achieving first Conscious Competence, and ultimately Unconscious Competence.
That is precisely what my course, How To Go From Failure To Success In Trading, is designed to do. It teaches you the RIGHT strategies for high-profit Trading gleaned from masters in the field.
If any of this remotely strikes a chord with you, you might wish to invest in How To Go From Failure TO Success In Trading.
It’s designed to do precisely that and to do it FAST. Using the latest cutting edge strategies and secrets. It’s all about taking that “unfair” shortcut to Trading profitability, making the sort of lightening progress that will leave you literally years ahead of other traders…
I absolutely believe that this course will help anyone succeed at Trading, even if they have felt themselves a hopeless “failure” at it before.
Try it for yourself and if you don’t agree… if it is not all I claim it is… just demand your money back and you will get it. No questions asked. And we’ll still part as friends.
I WANT you to be a Trading genius. And that’s why, with your permission, I would like to be a part of making that come true.