12/11/2005

Day Trader - Competence Guide

Levels of Trader INCOMPETENCE:

Bull
- unconscious (unaware - danger to self/others):
· Blind - unaware actions are a danger - to himself and others,
· Innocent - doesn't know or recognize he doesn't know,
· Suffering - the consequences.

Jerk - conscious (aware actions are a danger):
· Aware - he is in trouble, or a trouble maker,
· Ignores - cares less, does nothing to resolve or prevent,
· Closed - to any possibility for learning,
· Suffers - both emotional and financial consequences.
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Levels of Trader COMPETENCE:

Beginner - unsettled, lacks direction, seek help: (also: Neophyte, Novice)

· Humility - humble, less pretense/arrogance,
· Knows - what's missing, how to do something,
· Commits - declares incompetence and commits to learn,
· Trust - sincere, competent (keeps promises),
· Performance - gets results.

Minimally Competent - context, direction, support:
· Effectiveness - becoming effective, yet still a danger,
· Anticipates - beginning to anticipate opportunities,
· Relationships - building trusting/valuable relationships.

Competent - able to perform effectively, winning:
· Change - open for change, learning to trade well,
· Identity - building an identity,
· Confidence - more settled, takes care of self,
· Thinks - still needs support and carefully thinks things over,
· Winner - trading well, close to becoming a consistent winner.

Highly Competent - takes care of concerns:
· Winning - consistently winning,
· Mastery - gaining mastery,
· Grateful - thankful for the opportunity to learn,
· Contributing - using what he knows to help others.

Virtuoso - acts competently with ease:
· Excellence - peak performance,
· Instinctive - little need to think, intuitive.

Master - becoming a legend:
· Serving - learning, contributing, philanthropic,
· Invents - new practices, reinvents the game itself.

More information: www.DayTradersWin.com