Page 73 - ART® Study Manual html5 - flash

® “Home-Study Course” Study Manual Page 73

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category requires work on trading skills, market
knowledge, emotional exploration and trading
practice.

It is important to “Paper-Trade” until you are
consistently profitable. You need LIVE experience
during a variety of market conditions to
experience “Draw-Down” and how it affects your
trading psychology.

When “Paper-Trading” is consistently profitable,
then and only then trade with real-money.
“Novice Traders” will remain stuck at this level if
they take the “easy” route of rushing into the
markets with real-money when not ready.

Diminishing the importance of “Paper-Trading”
indicates impatience, compulsive behavior,
gambling personality, a “Get Rich Quick”
mentality and lack of discipline. All of which will
keep you stuck at the “Novice Level”. Your
trading will be unprofitable on a consistent basis
until you either acknowledge it is time to change or
you give up and say that trading is not for you.

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