The Third Stage of Trading - Realization
In the later phase of the second stage, you begin to realize that it is not the trading system that leads to different results (losses or profits), nor is it so-called techniques that determine whether you can make money; this is when realization occurs.
You start to realize that even a single moving average can generate profits, as long as your mindset and capital management (Note: 30% technique, 60% capital management and mindset management, 10% market conditions) are correct.
You begin to understand that what matters is not the technique, but the principle. Thus, you start to read some materials on trading psychology and seek to understand the principles involved in trading.
You realize that no one can predict the market; you no longer focus on how others perceive market conditions. You become an independent trader who follows your own trading logic.
You start to believe that you can make money, no longer despise risk, and begin to implement strict stop-loss measures. You stop worrying about the outcome of each trade and start calculating your profits on a monthly basis; you begin to correctly use leverage and capital management...
The first three stages will last at least 1 to 10 years, so if you haven't made money yet, don't easily talk about giving up.
However, if no one is guiding you or you don't reflect, many people will never reach the third stage in their lifetime. These three stages will at least filter out 90% of those who want to engage in trading.
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