Topics

In order of importance:

Mental Edge: you can move on if...

1. you don't need to trade or invest to survive
2. you expect to wait for a good trade/investment
3. you love to take small losses (fear)
4. you can wait for the market to tell you when to take profit (fear)
5. you can take a profit when the market tells you (greed)
6. you can do all of the above on every trade/investment

Position Size/Money Management: you can move on if...

1. you have surplus capital (accounting for drawdown) to trade your intended market
   
2. you understand the power of compounding
3. you understand the value of risk versus reward
4. you know your emotional limits with regards to loss
   

Mass Psychology: you can move on if...

1. you recognize when other market participants are excessively scared or complacent
2. you can act independently (not necessarily contrary) of your friends, family and the talking heads of syndicated television
   

Market Factors: you can move on if...

1. you understand news that has effected or can effect your chosen market(s)
2. you understand the price-volume-time relationship (auction market theory)
3. you understand market participant impact over multiple time frames

Time Frame/Market Selection: you can move on if...

1. you know how much time you have to look for setups and manage your trades
2. you know how long you feel comfortable leaving your money at risk in the market
3. you understand the personality of each market you intend to trade
   

Finally Trade Setups: you can move on if...

1. you confidently understand the mechanics and psychology of at least 1 trade setup
2. you have profitably demo traded for a number of consecutive trades
   
3. you have profitably traded with a small portion of your trading capital for a number of consecutive trades (repeat, slowly adjusting position size)