Prediction Wizard

Among predictionwizard users we have day-traders, swing traders and investors alike.

Some of them probably use  fully or semi automated systems to help them participating  in the marketplace.

For intuitive traders  the road to success  is usually longer than originally anticipated,  and  poses more challenges.

The only sure thing, that you will learn  by trading long enough and getting enough experience from the marketplace is that you will learn yourself more than  you would ever thought  of.

Less  traders get  to the highest mountains of the trading world. But for those smart and  mentally strong players  the market  is a blessing.

Where are You Today?

The following roadmap might help you to discover:

 38-STEPS TO BECOMING A  SUCCESSFUL TRADER 

1. We accumulate trading information - buying books, going to seminars and researching.

2. We begin to trade with our 'new' knowledge.

3. We consistently 'donate' and then realize we may need more knowledge or information.

4. We accumulate more information.

5. We switch the commodities we are currently following.

6. We go back into the market and trade with our 'updated' knowledge.

7. We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.

8. We start to listen to 'outside news' & other traders.

9. We go back into the market and continue to donate.

10. We switch commodities again.

11. We search for more trading information.

12. We go back into the market and continue to donate.

13. We get 'overconfident' & market humbles us.

14. We start to understand that trading success fully is going to take more time and more knowledge then we anticipated.

Many Traders Will Give up at this Point as they Realize Work is Involved.

 15. We get serious and start concentrating on learning a 'real' methodology.

 16. We trade our methodology with some success, but realize that something is missing.

 17. We begin to understand the need for having rules to apply our methodology.

 18 We take a sabbatical from trading to develop and research our trading rules.

 19. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute. We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.

20. We add, subtract and modify rules as we see a need to be more proficient with our rules.

21. We go back into the market and continue to donate. We go back into the market and continue to donate.

22. We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.

23. We continue to trade and become more proficient with our methodology and our rules.

24. As we trade we still have a tendency to violate our rules and our results are erratic.

25. We know we are close.

26. We go back and research our rules.

27. We build the confidence in our rules and go back into the market and trade.

28. Our trading results are getting better, but we are still hesitating in executing our rules.

29. We now see the importance of following our rules as we see the results of our trades when we don't follow them.

30. We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.

31. We continue to trade and the market teaches us more and more about ourselves.

32. We master our methodology and trading rules.

33. We begin to consistently make money. We begin to consistently make money.

34. We get a little overconfident and the market humbles us.

35. We continue to learn our lessons.

36. We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.

37. We are making more money then we ever dreamed to be possible.

38. We go on with our lives and accomplish many of the goals we had always dreamed of.

from -- http://www.commodities-futures.com/

As we mentioned, predictionwizard is  a great tool, and it is more  helpful for those, who already have  at least  some trading experience.

The above mentioned 38 steps  could be used to create  categories of traders.

One example is the following:

Category 1: The Newbie.

Traders, who are currently  somewhere in the Step 1 – Step 14  on the roadmap.

These players  are relatively newbies, and predictionwizard can help them to  lose less or to convert them from losers to small winners. But the greatest benefits of predictionwizard will come later, when the trader have a bit more experience.

Category 2: The Novice.

Traders, who are currently  somewhere in the Step 15  – Step 21  on the roadmap.

These players  already have a decent experience and  got through some  tough  periods in their career.

If they add predictionwizard to their  trading tools, they  will stop to be losers, but not necessarily consistent winners, as that requires  real dedication, long – term thinking and stable  and consistent self-control.

Category 3: The Good.

Traders, who are currently  somewhere in the Step 22 – Step 31  on the roadmap.

Those who belong to this category , are already  above average traders.

With the help of predictionwizard, they can  be real winners, but   as their market participation still not perfected,  occasionally they might still  get  surprise  lessons from the market.

Their results are fairly good, occasionally  have big profits   but still the consistency of their results could be improved on the long – term.

Category 4: The  Professional.

Traders, who are currently  somewhere in the Step 32 – Step 38  on the roadmap.

These traders are already in the top  ranks.

They learned their lessons, they perfected their strategies, they  are pretty much consistent and  trading is a real  joy for  them, and they are anxiously waiting for the market open to  prove their proficiency and reap  the benefits of their  hard work to get to this level. Though they  are pro traders, they remain humble enough to stay  on the top longer term, as they got enough lessons earlier in their career to control their emotions in all circumstances.

If they add predictionwizard to their trading tool they  can be hugely  and consistently profitable.