The 3-Phases for Becoming a Consistently Profitable Trader

If I could go back in time and start learning to trade again, there are many things I’d do differently. But most importantly, I’d follow the 3-phase structure I’m about to explain to you.

This approach isn’t something particularly unique to trading. Ultimately, trading is a skill and we should learn it in a similar way to any other skill. Rather than jumping straight to the end-game and trying to make money instantly, we should follow a logical progression.

By following this 3-phase plan, you can reduce your chances of losing money and significantly increase your odds of long-term success.‍

Phase 1: Learning the skills and concepts deeply

Objective: Develop your skillset to a point where most individual actions are at a level of unconscious competence
Account type: Demo account or trading simulator

Neuroscientists (who research the brain) have discovered that when we’re new to a skill we have much more activity taking place in our brains. As we become more experienced, fewer neurons are firing since many of the actions become automated in non-conscious parts of our brain. We no longer have to consciously think about what we’re doing.