Phase three typically occurs after three to five years; most traders quit early, making survivors likely profitable.

That being said, I think realistically by the time you're at phase three, you're three to five years into this game. Part of it is you've developed this skill, right? Over this time, part of it as well is a lot of people have given up. You've heard that rule. 90% of traders lose 90% of their money in the first 90 days. If you've survived three to five years in this game, you're putting in the work, I think you're going to be in phase three. You're going to be profitable and it will happen faster than you think. I know three to five years sounds like a long time, but you're trying to learn a skill that can last you a lifetime. You've got to be willing to put in the work and the time. So what are the takeaways for this episode? Well, takeaway number one is there's these three phases.