The first step, no shortcuts, learn to lose money first

Many would be mrket wizards set out with too high expectations. They want to become the wizard overnight They want success NOW, want to make a great living trading. The reality is that trading is a multi-step process and success comes from painstaking hard work through all the steps. In reverse the steps are:

Making a great living
Making a good living
Making a living
Making a profit
Breaking even
Make smaller losses
Make losses (tuition money)
Making big loses (possibly wiping out whole accounts)
Testing the trading plan
Creating the trading plan
Knowing oneself