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GOAL: TO GAIN THE ABILITY TO READ THE MARKET ACCURATELY AND KNOW THE RESPONSES THAT WILL MAXIMIZE RETURN ON INVESTMENT. THIS REQUIRES LEARNING TO USE PROFITUNITY PLANNED TRADING™ AND PREPARING TO USE PROFITUNITY TRADING PARTNER
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We are now entering the third level in our journey to Level Five. A pianist at this level is able to play a written piece of music perfectly. This requires reading and recognizing the instructions given on the sheet music and translating them by touching the right keys at the correct speeds and timing and with the instructed amount of force. This level is accomplished because the pianist has put in the time needed for research, study, and practice, practice, practice.

However, a competent pianist will never be asked to play in Carnegie Hall. The Holiday Inn, maybe, but not Carnegie Hall. At this level, one can make a living playing the piano but is not yet world class. The difference between Level Three and Level Four is that at Level Four one not only reads the music but adds or contributes something from within. A pianist at the competent level is actually a human "player piano/' and "player pianos" don't collect money for tickets. Most of the pieces programmed into mechanical player pianos are fast, ragtime, or march music—each selection has a definite beat. Compositions by Brahms, Beethoven, Debussy, or Pachabel are rarely rolled through player pianos because the instrument cannot convey the music's inner "feeling."

The same analogy holds true for trading. At Level Two, the trader is making money consistently on a one-contract basis. At Level Three, trading multiple contracts, the trader should be able to double the percentage return on investment (ROI) made at Level Two by varying the volume of the trades. Level Three permits the trader to be maximally invested where there is the least risk and minimally invested where there is the greatest risk. Level Three traders are competent but do not yet know how to put themselves into the market. They understand the "underlying and usually unseen structure of the market" but may not yet see the relationship between that structure and the underlying and usually unseen structure of their own personality. We'll get deeply into that area in Level Four. For now, let's work at achieving competency.

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