I believe there are different stages in a traders development and career. There is the stage of the newbie where you know nothing, the next stage is the new trader where you know something but make nothing, the good trader stage where you make some money, then the rich trader stage where you no longer trade just for money because you have plenty. How do traders know if they are stuck in the new trader stage? It is dangerous for a new trader to think they are farther along than they are, they could be risking too much capital per trade, and trading too big which could effect their emotional stability in their trading. ... (full story)