5 Stages of a Trader Nov 8, 2012 | 146 comments Everyone goes though these levels. Question what stage or level are you at? Be sure to leave a comment below. 131 Comments Jack on November 8, 2012 at 7:32 pm Sometimes 4. Sometimes five Reply Hubert Senters on November 8, 2012 at 9:23 pm Jack Great work. Keep it up. Hold those winners just a little bit longer. Hubert Reply Ron S on March 19, 2013 at 12:51 pm I am losing big money in the beginning of the week and digging out of a hole the rest of the week. Like the video on trading styles. I trade the Emini S&P and 30 yr bonds. Reply Hubert Senters on June 24, 2013 at 2:53 pm Ron Try using smaller size at the beginning of the week and increase size later that week. Hubert Reply Ethan on November 8, 2012 at 7:38 pm Stage 3! Reply gary on November 8, 2012 at 7:49 pm almost a 3 still add a little every couple months Reply Hubert Senters on November 8, 2012 at 9:18 pm Gary Feeding the beast, been there done that. Try this draw a line in the sand and take a stance. If you have a plan B plan A will always suffer. Hope it helps Hubert Reply Doug on November 8, 2012 at 8:40 pm stage4 Reply Hubert Senters on November 8, 2012 at 9:00 pm Doug Congrats Stick to it only one more to go. Hubert Reply Matjaz Sket on November 8, 2012 at 7:47 pm Dear Hubert, First of all, thank you for sharing your knowledge. It’s of a great help and it’s pleasure to listen to you. I’m between stage 2 and 3. Hope it helps. Regards, Matjaz Reply Hubert Senters on November 8, 2012 at 9:22 pm Matjaz No worries I love to help people. It feeds my soul. Thank you for your kind words. Pretty funny that people can actually like listen to a red neck from KY. Tips to go from 2-3 and on to 4. Make sure you have your trading set ups written down on paper. Review them each day before the open and after the close. It will reinforce what you know you should do. Hope it helps Hubert Reply JP on November 8, 2012 at 7:52 pm Between stage 3 and 4…close to 4. Reply Hubert Senters on November 8, 2012 at 9:17 pm JP It’s right there your so close you can taste it. Here is a tip to go from 3-4. Be super picky if the plays are not there take your ball home and play again another day. Hope it helps Hubert Reply JP on November 9, 2012 at 2:46 pm Thanks Hubert. Your encouragement makes me more confident. Reply Hubert Senters on November 9, 2012 at 8:53 pm JP Great most of this game is all about the head game. Hope it helps Hubert Reply Doug on November 8, 2012 at 7:58 pm Stage 3 Reply Hubert Senters on November 8, 2012 at 9:07 pm Doug Hang in there. Focus on the head game stuff more and you will get through the stages quicker and with less blood. Hubert Reply Kent Byers on November 8, 2012 at 8:02 pm I am at stage 4, with brief mental retracements to stage 3 when I get overly confident at Stage 4. Have gotten better, though, with your training to set stops, wait for set-ups and take the trade with more profitable trades than losers. Since being a member have recouped $50k in losses at beginning of year, which were my gains from last year, and recouped those loses and gone positive with greater confidence, fewer trades and smaller losses. THANK YOU Reply Hubert Senters on November 8, 2012 at 9:05 pm Kent Byers That is great to hear keep up the great work. Hubert PS: head up it gets easier Reply Hubert Senters on November 8, 2012 at 9:05 pm Kent Byers That is great to hear keep up the great work. Hubert PS: heads up it gets easier Reply John g on November 8, 2012 at 8:22 pm I’m mostly treading water these days. I win a little, lose a little, with lots of break even days. One day last week I put on 7 trades and evened out exactly to the dollar! I could not believe that. This is a frustrating stage to be in, but at least it does give me some confidence that my account will survive long enough to allow me to get to the next stage. Reply Hubert Senters on November 8, 2012 at 9:03 pm John g No doubt about it it is the hardest stage. It is a game of who can last the longest don’t let it break you. You can do it just out last the rest of them. Hubert Reply Bernie on November 8, 2012 at 8:39 pm at stage 4, looking to get to stage 5 Reply Hubert Senters on November 8, 2012 at 9:01 pm Bernie One of the things that helped me get from 4 to 5 was hold the winners longer. Hope it helps Hubert Reply Mike on November 8, 2012 at 8:47 pm Stage 1 especially this week Reply Hubert Senters on November 8, 2012 at 8:58 pm Mike How come so bad this week what you going through? Hubert Reply Tom on November 8, 2012 at 9:00 pm I think I’m around stage 3. Reply Hubert Senters on November 8, 2012 at 9:15 pm Tom Hardest stage to get past. The reason is because most people just give up. So do you best to stay Trading Mind Strong. Focus on small losses and sticking to your plan. Hubert Reply SK on November 8, 2012 at 9:01 pm Stage 3 or 4 – Stocks/Options Stage 2 – Futures (started recently) Reply Hubert Senters on November 8, 2012 at 9:13 pm SK On Futures try to stay away from the E-minis. it will slow down the losses and the burn rate. Try Ags,Gold or Bonds. Hope it helps Hubert Reply Patrick on November 8, 2012 at 9:15 pm Never made a real trade. Been researching and paper trading the last 3 months. I guess that makes me at stage .1 (zero seems hopeless) I want to hammer down my strategy and discipline before I trade real money Reply Hubert Senters on November 8, 2012 at 9:49 pm Patrick Take it nice a slow. Make a detail plan and do your best to stick to it. Start Small in a real account don’t spend to much time demo trading. As it’s mental masturbation nothing like trading real money even if it is small. good luck on your journey. Hubert Reply glen on November 8, 2012 at 9:18 pm Stage 5 BUT!!! “You should never stop tryin to learn more”. Reply Hubert Senters on November 8, 2012 at 9:46 pm Glen Congrats and welcome to the club. Yep committed to being a lifetime learner and always going to the next level. Hubert Reply Greg on November 8, 2012 at 9:32 pm Stage 3, I have gotten to the point where (nearly) every trade I make is profitable. How long that trade stays profitable is what I am trying to figure out now. I have accepted the fact that I need to take smaller profits and more of them but some times I just want more. One loss equals about 10 gains. Reply Hubert Senters on November 8, 2012 at 9:39 pm Greg What are you trading and How? We need to get you where the losses are small and 1 or 2 big wins wipe out the loses. Hubert Reply C. Michael Croston on November 8, 2012 at 9:36 pm Hi Hubert, Tough question. I’m like a plucked guitar string going back and forth. I’ve tasted 4 a couple of times, did everything (well maybe 87% of things) right. Exciting to maintain that control! I lack discipline though. I’ll do something off the wall and fall back to a 2. For me, it’s hard to wean myself away from an investor mentality into a trader mentality. Finding my “hook” and sticking to stops is good advice. I’m learning, thanks for teaching. ~ C Reply Hubert Senters on November 8, 2012 at 9:45 pm C. Michael Croston For the Mind stuff look into Some NLP. It’s a great way to fix the discipline issue. Remember that discipline is not a one time fix we all have to focus on it. I still get of course from time to time. Only difference now is I don’t stray to far off course. And when i do I get back on track quicker. Hope It helps Hubert PS: Thanks for your kind words Reply EB on June 24, 2013 at 12:05 am Hubert, can you recommend a NLP program or practitioner for traders? Stage 5…..when I stick with markets that like me. Reply Hubert Senters on June 24, 2013 at 1:39 pm Eric I don’t know any real good ones just for trader but the Tony Robbins Personal 2 would be a great place to start. Hope it helps Hubert Reply Isaac Benderly on November 8, 2012 at 9:53 pm Prior to 11/1/12 there were times that I was in stage1 and stage 2. Your course has been an eyeopener to me. Since Monday, I feel I am getting closer to stage 3 (once in a while I momentarily regress). Money spent on your course was well spent. I really enjoyed it and hope to participate in future webinars and courses. Reply Hubert Senters on November 8, 2012 at 9:55 pm Isaac Benderly Glad you are getting value from it. Thanks Hubert Reply C Webs on November 8, 2012 at 9:54 pm Between 3 & 4. Also, sometimes it’s hard to pull trigger. Reply Hubert Senters on November 8, 2012 at 10:00 pm C Webs Fear of pulling the trigger can be a pain in the Ass no doubt. Try this find a movie or a song that you love and makes you feel or have a strong emotion. Key to this is you must be real emotional for this to work. Now anchor you strong feeling to a move or action like a snap of your finger or a clap of you hands. If done right it a huge help. Also next time ask you self what who a pro trader do here. Hope it helps Hubert Reply Hubert Senters on November 8, 2012 at 10:05 pm C Webs Fix the fear thing with an anchor. Fear of pulling the trigger can be a pain in the Ass no doubt. Try this find a movie or a song that you love and makes you feel or have a strong emotion. Key to this is you must be real emotional for this to work. Now anchor you strong feeling to a move or action like a snap of your finger or a clap of you hands. If done right it a huge help. Also next time ask you self what who a pro trader do here. Hope it helps Hubert Reply Julius on November 8, 2012 at 10:00 pm Stage 1 and 4. So I guess that puts me in stage one since I’ve lost more than I’ve made. I’ll make decent money and then do something stupid (not take the stop out) and blow myself up. My analysis is great. Making and following a plan I could use some help with. Actually, if I new how to make a decent plan, I don’t believe I’d have a tough time following it – I just need help formulating one (no set strategy yet). Reply Hubert Senters on November 8, 2012 at 10:03 pm Julius Two ways to fix this. One Hire someone to do the trade you tell them to take. You do the research and find the trade they execute them. Two just spend a few day and write a a plan the simpler the better. Don’t trade till the plan is in place. Hope it helps Hubert Reply Bo on November 8, 2012 at 10:07 pm I am in around stage 3. Overtime I learned what NOT to trade. However what stops me is that I still hesitates when real opportunities come. Thanks for the video! Reply Hubert Senters on November 8, 2012 at 10:10 pm Bo Good old fear. Best advise I can give you is that trading is very counter intuitive. You have to be real comfortable being uncomfortable. The best trade I do are the one I hate taking that scare me to death. Hope it helps Hubert Reply Josh on November 8, 2012 at 10:19 pm Hi Hubert, At this for about 3 years. About to complete a year (in hindsight) of stage 4 now, which not so coincidentally began with a New Years resolution to keep a spreadsheet with every trade detailed 🙂 I pretty much managed to skip stage 1 as I was lucky enough to find a website early on that preached risk management above everything. But I made up for it with extra time in stage 2 🙂 Stage 3 was the most frustrating though – oddly, more frustrating than stage 2! I’m excited about the transition to stage 5, but I don’t want to push it. I find myself questioning how long I should stay at stage 4 to fully trust my edge. And how I should plan that transition. -Josh Reply Hubert Senters on November 8, 2012 at 11:29 pm Josh Sound like you have had a nice journey. things that helped me was socking away enough cash so that I could really focus on the craft of trading. It will all come with time don’t force it. Enjoy the process. Hubert Reply cb on November 8, 2012 at 10:20 pm Hubert stage 2 in options, close to 3. Stage 1 in futures. Need a plan Reply Hubert Senters on November 8, 2012 at 11:27 pm CB What Futures are you trading? Hubert Reply mark on November 8, 2012 at 10:25 pm stage 3,over think the trade, need to follow my instintcs Reply Hubert Senters on November 8, 2012 at 11:26 pm Mark You can do it focus on the process and pull the trigger. Kill that inner squirrel brain. Hubert Reply Mike Daye on November 8, 2012 at 10:26 pm I’m between 2-3. I would like to make a transition to trade full time. Reply Hubert Senters on November 8, 2012 at 11:25 pm Mike Daye Here is sample plan have 3-6 months of expenses put back. That way you don’t have to worry so much about just making money to live on. Hope it helps Hubert Reply Nigel on November 8, 2012 at 10:40 pm Stage 2. It is a much better place than stage 1. I have had short forays into Stage 3. Thanks for the all the information you give away so readily – it really helps. It is good to know that it is really possible to make it. Reply Hubert Senters on November 8, 2012 at 11:24 pm Nigel True so true each stage is better than the last one. thanks for the feed back. Hubert Reply Ryan on November 8, 2012 at 10:56 pm I am almost in stage 3. I have figured out how to win some, then loss a little so I am trending water right now. Reply Hubert Senters on November 8, 2012 at 11:22 pm Ryan Stage three is all about the test of your will. Hang in there. Hubert Reply John W. on November 8, 2012 at 11:13 pm Stage 4 with lapses to stage 3. Start to make money then have a few losses and have trouble starting to pull the trigger on trades. Reply Hubert Senters on November 8, 2012 at 11:21 pm John W. Great job try this to fix it. Cut your size in half and double the size of your stops. Let me know if it helps Hubert Reply david young on November 8, 2012 at 11:30 pm 5/1/5/2/5/3/5 boom/bust/boom/bust/boom/bust/BOOM Reply Hubert Senters on November 9, 2012 at 8:52 am david young Great way to describe the cycle of life of a trader. I think it does a great job of describing the emotional stress also. Hubert Reply Buster on November 8, 2012 at 11:27 pm between 2 and three Reply Hubert Senters on November 9, 2012 at 8:49 am Buster You can do it dig in. Hubert Reply wai on November 8, 2012 at 11:34 pm stage 2 -3 Reply Hubert Senters on November 9, 2012 at 8:54 am wai Beats the heck out of stage 1 right? Hubert Reply Nicolas on November 9, 2012 at 12:28 am My whole life i am in stuck in stage 3. I always at some stage lose my profits, but somehowe i also always make up for my losses. I think the problem is, that i try to skip stage 4, and want to go directly from stage 3 to 5. So the last few days i sort of decided to go for small profits for a while, and see how that works. Reply Hubert Senters on November 9, 2012 at 8:59 am Nicolas You are dead on with your diagnoses. Most people mess up trying to go to fast through 4-5. Simmer in stage 4 so that you can get use to the profits. Hubert Reply Herman on November 9, 2012 at 12:30 am Stage 3, I’ll get a couple of good winners and then lose it all because I have a hard time selling a loser. Been really enjoying your videos and updates. Reply Hubert Senters on November 9, 2012 at 9:01 am Herman Are you using Hard stops or are you moving your Stops? Thanks for you kinds words. Hubert Reply kemal on November 9, 2012 at 12:44 am ok im in stage 2-3, but mostly 2 for 2 years of active trading. Is this long? First I started with $6600 traded TF mini and in one day I lost $1000, than did not trade for whole year almost on real acc. When I returned this spring I had $5333 and started to trade ES and YM. Now im down on $4700. I make few good trades and mess it all up in one bad day. Am I undercapitalized ATM? And should I try to trade something else? Reply Rick Friesen on November 9, 2012 at 12:56 am Hey, thanks for your videos! I love everything you put out! I am between 3 and 4… Although I sometimes go through all the stages again as I learn a new skill set. (I first learned options strategies that were 100% non-directional, now I am much much better at being able to trade directionaly.) I am still learning some how to use platforms (TOS) and TA tools (fibs etc) even better. I feel like I have a plan now. It is empowering! Reply Hubert Senters on November 9, 2012 at 9:12 am Rick Friesen Glad you are getting value from the trading videos. Great job on getting passes 1 and 2. I know how you feel. The only way I can learn a new skill is to break it down into simple parts. Hubert PS: Yes having a plan is very powerful. Reply Ryan N. on November 9, 2012 at 1:58 am 4 working on 5 and feeling like I’m on the verge of that breakthru. Reply Hubert Senters on November 9, 2012 at 9:16 am Ryan N. Nice! Think of 4-5 like training for a marathon. Body and mind has to get use to the distance before you get comfortable with it. Hope it helps Hubert Reply Ethan on November 9, 2012 at 3:07 am Hubert, I am at stage 3. Trading currency futures, mainly the EURO and GBP. Reply gogsy on November 9, 2012 at 4:03 am Well Hubert – I would say Stage 3-4 It has been a long road – wondered about knocking on the head! I still hope to make it my vocation …………… Reply Hubert Senters on November 9, 2012 at 9:20 am Gogsy Good news is I have never meet any overnight successes. So you are in good company. 100% of the people that quit don’t make it. Hubert Reply Mete Topcuoglu on November 9, 2012 at 4:25 am After being in stage 3 for quite some time, I have moved into stage 4 after completing the Small Lot Course. Reply Hubert Senters on November 9, 2012 at 9:26 am Mete Topcuoglu Great job keep on keeping on. Hubert Reply johan on November 9, 2012 at 4:34 am Hi Hubert, Thanks for all the nice advice, I would say I’m mostly a 3, but working on it by redoing and finetuning my trading plan. Johan Reply Kevin M on November 9, 2012 at 6:30 am I am between 3 and 4 I add to my account weekly and keep my trades about 1% for day trades to 2% risk for my swing trades. Reply Kevin M on November 9, 2012 at 6:31 am O ya trading Forex. Looking to get into futures/stocks Reply Hubert Senters on November 9, 2012 at 9:28 am Kevin M Nice risk management. Slow and steady wins the race. There are Bold traders and there are old traders. But there are no Old Bold Traders. Hubert Reply Greg R. on November 9, 2012 at 6:54 am Over a period of about fifteen years I went from stage 1 to stage 5 and then back to 1. I reached stage 5 during the dot com bubble and made a ton of money very easily but apparently that was luck. I spent the next four years going from stage 5-4-3-2-1 and then went totally broke. I was mentally crushed to smithereens. My lifelong dream of trading for a living was gone forever. I still don’t trade today but still follow Hubert and John. In hindsight, I never had a trading plan and if you don’t have a trading plan you cannot use discipline which is what makes you stick to that plan. Reply Hubert Senters on November 9, 2012 at 9:38 am Greg R. I feel your pain lots of people went though the same thing you did. I remember getting a call for a guy that started with $20 Million and only had $600,000 left. He want help and wanted to know what to do. My advise to him was stop while you still have some left. I have way more horror stories than I do success stories. Most people just don’t talk about the massive losses. Or the destroyed hopes and dreams. Good news is a good plan can help fix most of it. Hubert Reply roy on November 9, 2012 at 6:57 am Level 4.5 Reply Hubert Senters on November 9, 2012 at 9:47 am Roy Great Job Welcome to the Club. Hubert Reply Steve on November 9, 2012 at 7:17 am Hi Hubert, I would say I’m in the latter stages of stage 3 and knocking on the door of stage 4. Although I’ve started to make a little money in the market, I think it might be quite some time before I can say I’m in positive territory, as with most people I encountered some heavy losses early on and have paid some quite substantial education fees. It’s taken me 2 years to get to this stage. I’m sure that I’m not that far away from the ‘aha’ moment. Looking forward to moving deep into stage 4 and knocking on the door of stage 5. Thanks for all your tips, tricks, and knowledge. It does help. Reply Joan on November 9, 2012 at 8:10 am Stage 3, Hubert. Been here for a year. My early mentors didn’t use stops and losses were substantial. Fear of repeating those losses (even with stops) keep me from pulling the trigger even though I have good instincts. Can’t wait to move to stage 4! Thanks for your help. Reply Hubert Senters on November 9, 2012 at 9:51 am Joan Sorry to hear that. Oh well you will be stronger for it. It can help to trade smaller to make the fear smaller. Hubert Reply Tim Williams on November 9, 2012 at 8:14 am Hi Herbert, I would say i’m at stage 3 right now. I’m more confident now that i will get higher because i’ve stopped listening to people that obviously don’t trade and take notice of experienced traders like yourself and john carter from trade the markets who do know how to make money from the markets. I have just completed the small lots course with TTM which i can recommend to anybody, a real education in how to trade the right way. So now that i’ve unsubscribed all the junk that comes into my inbox, and concentrate on great traders like yourself and john who educate newbie traders like me the correct way stage 4 seems within my grasp. Thanks for your no nonsense approach to the markets. Tim United Kingdom Reply Hubert Senters on November 9, 2012 at 9:54 am Tim Glad you got a lot of value out of the class. Yeah some times it’s hard to find good people to hang out with. Most of my growth happens when I get around great people. Thanks Hubert Reply Sam Thompson on November 9, 2012 at 8:33 am THREE…. Here’s what my account has done this year…. 35k to 25k back to 35 k and now at 33.5 Reply Hubert Senters on November 9, 2012 at 8:44 am Sam Thompson Hang in there 3 is the hardest stage. But once you make it to stage 4 it gets easier. Hubert Reply William Hickey on November 9, 2012 at 8:39 am I am in stage 3 area. Took your gold class and loved it but find bonds and gold difficult to trade. They run and reverse a lot just like minis to me. What I really like is your trade 4 contract , buy 2 at small gain, 1 at slightly larger gain and 1 as a runner. Just trying to decide how to implement that with a 15000 account . Reply Hubert Senters on November 9, 2012 at 9:59 am William Hickey Gold and Bonds trend way better then the E-minis. They might not fit you personal style. Are you a Trend Trader or Counter Trend Trader? Reply Jim O'D on November 9, 2012 at 8:57 am Between a 3 and a 4 Reply Hubert Senters on November 9, 2012 at 10:05 am Jim O’D Hold on tight it’s about to get a lot better. Hubert Reply cindy talylor on November 9, 2012 at 9:25 am Between 3 and 4. I trade stocks vs. futures. I trade reversals. Having trouble getting to 4 cause I always leave money on the table to the up side. And I am consistantly ONE day early. Been hanging in there for since 2004. Reply Hubert Senters on November 9, 2012 at 10:10 am Cindy Talylor Since you are a Counter Trend Trader. Find Stocks that trade in channels. Will make fades more predictable. Being early is part of you style you will get better with it over time. Hubert Reply Dennis on November 9, 2012 at 9:31 am Short term day trading 2-3, Long term positions 5 Reply Hubert Senters on November 9, 2012 at 10:08 am Dennis Stage 5 congratulation. Day Trading = Cash Flow Swing Trading = Wealth Generation Hubert Reply Patrick on November 9, 2012 at 10:13 am Stage 3/4 with a stage 1 thrown in once in a while to cause doubt. With more experience comes confidence in pulling the trigger (though sometimes probably shouldn’t). Now looking for the *right* market to stick with. Reply Hubert Senters on November 9, 2012 at 11:45 am Patrick Once you find a good market to fix your style. AHHH It’s like the pressure just melts away. Hubert Reply carl on November 9, 2012 at 10:21 am Stage 4 working on stage 5 Reply Hubert Senters on November 9, 2012 at 11:45 am Carl Congrats and Welcome to the Club. Hubert Reply Chris on November 9, 2012 at 11:21 am I’m stuck in stage 3. I’m trying to paper trade my way to perfection because stage 1 and stage 2 kicked my butt. Now I’m more afraid of losing money than I am excited about making money and that keeps me from doing real trades. Basically I have failure to execute. Is there a pill for that? I’m in watching and learning mode. Which isn’t very profitable. I’ve almost given up multiple times this year. Reply Hubert Senters on November 9, 2012 at 11:51 am Chris First never ever ever give up. 100% of the people that give up don’t make it. It always a good idea to take breaks from time to time. I would suggest you put on some very small trades with real money as Demo trading is almost worthless. Here is why it’s fake it’s not real you have no real skin in the game. Real Money will be totally different. Perfection is the enemy of Progress. “Have no fear of perfection – you’ll never reach it.” ― Salvador Dalí Hubert Reply Chris on November 9, 2012 at 1:46 pm Appreciate the encouragement. I’ll gear up and jump in. Love your setups and appreciate your time. Reply Hubert Senters on November 9, 2012 at 8:55 pm Chris Keep me posted. Hubert Reply Ralph C on November 11, 2012 at 2:36 pm I am between 3 & 4 Reply Hubert Senters on November 11, 2012 at 2:53 pm Ralph C You are almost most there keep at it. Hubert Reply Glynn Wright on November 11, 2012 at 3:30 pm Hubert, I certainly lost a lot of money buying and holding, but I’m not sure if there is a comfort level with that. I need a zero level. Don’t have massive amounts to lose again either so I’m not sure exactly where I fit in with a trading strategy. I would like to swing trade but I need guidance with that. Had a mentor way back when(8yrs ago) but haven’t heard from him. Teaching program I bought was a mentor for life. Guess he died. The Teach Me to Trade school program was mired in a civil suit a while back too. I’m a what you call a “newbie” I guess when it comes to trading futures. BTW I did have a program that came with it that was called TradeSeeker, very much like what you described that you had designed for yourself only. It was a well designed software that you could put in many parameters to find trades, like the gap trades. Reply Hubert Senters on November 12, 2012 at 3:55 am Glynn Wright Sounds Like you have had a hard time. Sorry To hear that. Here is what I would do find some one that you know like and trust. Then check them out on the CFTC site to make sure they dont have any bad stuff out there. Then contact them and see if they have a formal or informal training program. The best money I have ever spent was sitting next to other pro trading picking the minds. Ever time I did it I increase my results. Hope it helps Hubert Reply Glynn Wright on November 12, 2012 at 8:21 am So Hubert, I’m hearing you say that you are not that person who I have already spent money with on the Bluecollar trader, to help me learn because I don’t know enough yet? Reply Hubert Senters on November 12, 2012 at 12:55 pm Glynn Wright Thank you for investing in Blue Collar Trader. It will help you get from the beginning stage and up and running faster. It was designed for people that are just getting started out. It a great course its just not an advanced course that you will need once you get more experience under your belt. But don’t worry I will be releasing more advance course in the future to help you. Hope it helps Hubert PS: I will help you as much as I can Reply Glynn Wright on November 12, 2012 at 5:48 pm THanks Hubert, I know you will do all you can. I’ve been listening to your free videos for about 7 or8 years now and I know that you are a down to earth guy who is giving back. I will not let you down on studying and learning. I do have a friend that I’ve kind of lost contact with who is a commodity trader and is very good at it. He offered on time to teach me how, but at the time I had a full time job and could not sit every day with him. I’m going to try to reconnect with him. Reply Hubert Senters on November 12, 2012 at 7:13 pm Glynn Wright That a great idea you will learn a lot more sitting next to trader. Hubert Reply vr on November 15, 2012 at 1:30 pm I am at stage 4. I keep trying to hold those ‘winners’ longer, but never hold till target. How did you learn Hubert to ‘hold’ the winners longer? tx. Reply Hubert Senters on November 15, 2012 at 5:18 pm vr The Guy that taught me to trade caught me jumping out early one day. He said if I ever see you do that again I will not teaching anymore. Best way to do it it just get up a leave and don’t look at it. Hope It helps Hubert Reply Glynn Wright on November 15, 2012 at 6:34 pm opps, I double booked myself Hubert. I had promised my wife I would take her to the movies tonight, so looks like I’ll miss the webinar. Reply Hubert Senters on November 15, 2012 at 8:07 pm Glynn Wright Wise decision family is the most important thing in the world. the is a great rule to live by: Happy Wife happy Life. Hubert Reply mike loesch on December 2, 2012 at 5:37 pm I am in stage 3, have tasted stage 4 and i am ready to jump into stage 4 with both feet! Reply Hubert Senters on December 2, 2012 at 11:20 pm Mike Loesch Keep at it you can make it. Hubert Reply Preston Bealle on February 20, 2015 at 1:16 pm Key for me was learning to love small, repeated hits, sometimes as little as $100, but shooting for several trades a week that would make $100-2,000 each. Now at the 90% win level, over and over, not wanting to ramp it up much. When you take on that mentality and don’t get greedy, you can earn a nice 6-figure income clicking your mouse. For me, it’s selling naked puts and calls with a 7-day expiration. Keep it short and small, and win. Reply Trent Thomas on May 13, 2015 at 2:11 am Just signed up today and read all the questions and answers. Thank you everyone for asking and Hurbert for your advice to each persons stage. I gained new perspective help me get consistently to 4-5. Reply Gene on May 14, 2015 at 10:50 pm A few months ago, I would have said stage 4. Now, I feel like I’m at stage 2. Great video. I love the idea of riding down the road with you talking trading. Would enjoy more of these. Beats looking at charts for a few minutes for a psychology lesson. BTW, you passed by a place that looked like a castle?! Reply Submit a Comment Cancel replyYour email address will not be published. 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