Jan 11, 2017

Steps on the Way to Consistent Profitability

There are basically five stages on the way to consistent profitability. In which phase are you in now?

I. The first is the losing phase where traders tend to lose often and big. The trader is new to the market and knows nothing about what it takes to trade profitably even if the trader thinks he or she knows enough (the most dangerous to their trading accounts and emotional stability).

II. There is a second phase where traders have learnt to correct some of their most recurring mistakes but they still lose on average but not by much. It is still mostly a hit or miss approach but the downside is more contained now as the trader has been burnt a few times before and knows how the market might hurt him or her.

III. Then comes a phase where the trader knows a lot of technicals, stock tickers, read a few popular trading books and is likely familiar with the views of a few trading experts. The trader is now basically break even on its trades. 

Not losing money is a legitimate and important step on the way to success. You may be struggling, but you’ve struggled further up the ladder to success than you might realize.

—Adam H. Grimes, Chief Investment Officer at Waverly Advisors

IV. Suddenly after coming across some quality trading material that he is now ready for, the trader will begin to think independently, use his own data, and the trader will likely be able to become more selective in his or her trading. The trader is now profitable most of the time but will experience large drawdowns from time to time. The consistency is lacking.

V. The trader elevates himself to the consistently winning plateau by working on a strategy that fits him or her and by learning the mental skills of profitable trading. He or she trades effortlessly, does not care about other traders think or do, and may even laugh while listening to a market call on CNBC or Bloomberg. In this phase where only a tiny percentage of traders will arrive, he or she may be able to trade for a living or trade professionally for a firm. The trader has finally made it and knows it. 

One of the reasons I designed this trading course and wrote the book was in part to shorten the learning curve and save time and money to the aspiring consistently profitable trader.

Feel free to email me and give me feedback on where you are currently standing in the ladder to consistent profitability.

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões


  1. Sir
    Am in phase 2
    How can I improve myself to phase 5
    Plz give ideas about improving myself....

  2. Thanks for your feedback. My book was designed to shorten a trader's learning curve. You should start there and then you can contact me to discuss what particular issues you must overcome to reach consistent profitability.

  3. I am Phase IV and now working on discipline, emotions, and overtrading. But the improvements are noticeably in my P/L.