First & foremost!!!
I’ve created checklists to help you identify areas for improvement and master your current level to progress to the next zone. And guess what?! I’m offering them for free.
These checklists will guide you through the essential skills and knowledge needed at each stage of your trading journey, ensuring you have a clear roadmap to progress and succeed in the market.
Now…
Over the years, I’ve witnessed countless individuals dive headfirst into the world of trading, only to find themselves overwhelmed or underprepared. Many of you have reached out, seeking guidance and direction on your trading journey. You’ve expressed a common concern: the lack of a clear roadmap that aligns with your current level of expertise. It’s this concern, coupled with a genuine passion for empowering traders, that has prompted me to create this guide. This page aims to guide you from where you are to where you want to be in your trading journey.
Understanding these levels is not just about navigating the technicalities of trading; it’s about embracing a mindset that aligns with your current knowledge and aspirations. Each level represents a stage of growth, a phase of development, and a platform for transformation. Whether you’re a novice taking your first steps or an expert fine-tuning your strategies, recognizing where you stand is crucial for progress.
This guide is not just about defining these levels; it’s about understanding why they matter. It’s about realizing that every level is a stepping stone, every phase a chapter in your trading story.
What Is Your Current Level As A Trader?
Use these guidelines to determine your current level of trading expertise…
Totally New to Trading:
If you are just beginning your trading journey and have no experience in the stock market, you fall under this level. Probably, you do not even have a DEMAT account. You have no idea what stock market is, how it functions or what trading is. It is nothing to be ashamed of, as every expert was once a nobody in their field.
At this level, you are just starting and need to focus on understanding the basics of the stock market, such as how it works, common terminologies used, and trading concepts.
Novice Trader:
You have taken the first steps in learning about trading but may still feel uncertain about many aspects of the market. You have a theoretical understanding of trading concepts such as market orders, limit orders, and basic technical analysis tools. However, you may not have a strategy to enter and exit trades. You may have not applied your theoretical knowledge in real trading situations leading to little to no practical experience.
At this stage, it’s crucial to focus on learning various trading concepts, risk management techniques, and market analysis. This foundational knowledge will help you develop a trading strategy that suits your style and goals. Once you’ve crafted your own trading strategy, you’ll have transitioned to the beginner level. Novice level is more about theoretical learning than practical applications.
Beginner Trader:
Beginner traders are traders who have progressed from the novice stage and have a good grasp of trading fundamentals. At this stage, you have some practical experience and are looking to refine your skills. You have tried out different strategies and have a vague idea of what works well for your personality and what doesn’t.
You aren’t making consistent money yet. You haven’t mastered your emotions yet. But, you have partly understood what trading is and what your role as a trader is. You are learning about risk management and emotional discipline in the practical arena.
You should concentrate on crafting a personalized trading plan and sticking to it. This stage is characterized by practical application, where you start implementing your strategies in real trading scenarios. By consistently applying your trading plan and learning from your experiences, you pave the way for mastery in trading.
Intermediate Trader:
At the intermediate level, you’ve likely developed a solid understanding of trading principles and have a trading strategy that shows promise. While you may be making some profits, they may not be consistent or substantial yet.
You are able to analyze more complex market data, manage risk effectively, and adapt to changing market conditions. However, your primary challenges might be related to emotions or consistency rather than a lack of understanding or knowledge.
As an intermediate trader, you should focus on improving your trading performance. You should master your emotions to achieve consistent and profitable results. This stage is about honing your skills and mindset to become an expert trader.
Expert Trader:
Expert traders have years of experience in the market and have mastered the art of trading. They have a deep understanding of market dynamics, are able to consistently make profitable trades. You will know it once you reach there!!!
Okay, now that you have found your level of trading, what’s next?
Once you’ve identified your current level of trading expertise, the next step is to tailor your learning and trading approach accordingly.
E-Books
All three of my e-books are tailored to suit novices, beginners, and intermediate traders alike. Whether you’re just starting out or looking to enhance your existing knowledge, you’ll find practical tips and strategies that can help you navigate the market with confidence.
E-Courses
If you are a beginner or intermediate trader, consider checking out my ‘Day Trading Simplified’ e-course. This course covers everything you need to know to succeed in trading ( with the main focus on day trading). After completing this course, the only thing standing between you and expert-level trading will be gaining practical experience using the concepts you’ve learned.
For novice or beginner traders, my ‘Supertrend Simplified‘ e-course is a suitable choice. This course teaches you strategies based on the supertrend indicator and how to trade them in the market. Even intermediate traders can benefit from this course by using the knowledge to supplement their existing strategies or simplify their approaches.
For Those Of You Who Are Totally New To Trading : Stay tuned for resources designed just for you, the new traders. I’m working hard to create materials that will help you get started on your trading journey with confidence. Check back soon for updates!
Need further assistance in determining your trading level or progressing to the next stage? I’m here to help!
You can reach me at divyanarayanan@thestrategictraders.com, use the convenient contact form on my website, or engage with me directly via live chat.