How to evaluate your progress

As you can see that making progress towards a successful trade? There is one obvious answer: to verify their financial results. There is no doubt that you will succeed if you get a consistent profit.

But the bare figures of capital may not be the best way to measure my growth as a trader. The road to success has many alternative ways in which profitability is not the best measurement results. For example, we all go phase, in which the self and the development of skills are more important than short term profit. So, let's look at 10 ways to evaluate what you are making sure progress on the way to market the skill:

1. Managing your money becomes a life credo, and all of your trading strategy for beginning to revolve around the nucleus. Controlling risk is becoming a key aspect of every position that you take. You acknowledge that the management of losses is much greater impact on the status of your account, as the prosecution of profit.
2. Are you developing your own trading plans and strategies, rather than rely on the books, market guru, or the views of other people. You notice how you find when you view their schedules, that there are more opportunities than you have time for them to sell. You looked forward to the trading day with a growing sense of confidence.
3. You feel more like a student than to the master. You will learn new things every day and can not wait when will be able to apply them to real trading scenarios. You listen carefully what you hear, trying to gather hints and concepts that will improve your trading. You expand your knowledge in all that relates to the market, including the economy, the fundamental science and accounting.
4. You stop to visit various sites and chat rooms, because they do not add anything to your purposes of trade. You understand that there are hidden reasons. You develop a healthy skepticism about the companies, market-meykerah and even other traders. You understand that no one really is not interested in your success as a trader, other than yourself.
5. You become more cautious in their discussions about the market with his family and friends. You learn to keep their opinions with them, because this is just idle talk. You never talk about open positions and did not ask others what to do with them. You understand that the opinions have value only when they are backed by cash.
6. Trade is beginning to be perceived as any other successful career. Your average profit becomes greater, while your losses are less. You have smaller drops that sear your capital and undermines your confidence. Your shopping day starts to become a bit boring, but you would lack the emotional surges and recessions.
7. Do you assess their work every day and recognize when your actions do not match your high standards. You notice how certain periods of the day are dangerous or especially useful for your style of trading. You keep a diary that describes your strengths and weaknesses in the smallest detail.
8. You will never "cut corners" in its market analysis, no matter how tired or cheerful, you feel at the end of the day. You select the time to view the daily results, download the new data and to reveal the theme for the next trading session. You may not sell at all, when problems are not related to the market to let you finish your pre-deployment training.
9. You see all kinds of markets, even those that you do not sell at this time. You understand that the next opportunity could arise anywhere, and you want to be ready. You also understand that your trade interests are changing with time, so you want to be ready for the next big step.
10. You keep detailed records of the trade and update them every night. You see how the profit or loss on the complete detachment, and carefully examining them for self-improvement. You will not "forget" to include those transactions, which you would prefer to forget.