@travi and
@TracerBullet
Following is the excerpt from Mark Douglas's book Trading in the Zone. Chapter 11 First paragraph.
I am sure you might have read this book.
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In the process, I'll take you through the three stages of development of a trader.
The first stage is the
mechanical stage. In this stage, you:
1. Build the self-trust necessary to operate in an unlimited environment.
2. Learn to flawlessly execute a trading system.
3. Train your mind to think in probabilities (the five fundamental truths).
4. Create a strong, unshakable belief in your consistency as a trader.
Once you have completed this first stage, you can then advance to the
subjective stage of trading. In
this stage, you use anything you have ever learned about the nature of market movement to do
whatever it is you want to do. There's a lot of freedom in this stage, so you will have to learn how to
monitor your susceptibility to make the kind of trading errors that are the result of any unresolved self valuation issues I referred to in the last chapter. The third stage is the
intuitive stage. Trading intuitively
is the most advanced stage of development. It is the trading equivalent of earning a black belt in the
martial arts.