Level One – Beginner Trader:
Studies and paper trades for a minimum of three months with “pretend stocks,” gaining the experience required to establish a track record of profitable performance.
Level Two – Advanced Beginner:
Trades one or two stocks with real money, learning to overcome emotions and at the same time, establishes a track record of making money.
Level Three – Competent Trader:
Trades with control over his/her emotional distractions. Utilizes proper equity management and achieves a positive financial return.
Level Four – Proficient Trader:
Trades with confidence, education and experience. Achieves positive financial returns.
Level Five – Expert Trader:
Instinctively executes profitable trades without emotion.