In trading, there are 4 stages in my opinion:
Beginner and Learning to trade
Intermediate but not consistent
Consistent and not profitable
Profitable and Consistent
The goals of each stage is drastically different from the rest. Here are goals of each:
Beginner and Learning to trade
Learn your 1-2 set-ups.
Execution of your set-ups.
Taking 3-5 trades a week
Review
Intermediate But Not Consistent
Mastering risk management and position sizing.
Mastering emotions such as greed, FOMO, revenge trading, exhuastion, lack of focus and loss aversion
Perfecting your trading system and being comfortable with it.
Consistent and not profitable
Reviewing trades to learn from mistakes each day.
Being able to take profits and exits trades properly (win or loss).
Taking only 3-5 trades a week maximum until you are profitable then you can take 5-10 trades a week. Then gradually increase. (This is a # of trades/week goal not a $$$ goal)
Profitable and consistent
Hitting your weekly $$$ goal for gains but also not losing more then $$$ weekly loss tolerance.
Not overtrading and recognizing overconfidence daily (awareness).
Emotional and Psychological mastery
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