3 levels as a Trader...Where am I ?

I've copy a small part of Alexander Elder's book (Come into my trading room) where he categorise a trader development stage.

1. BEGINNER
The minimal acceptable performance level for a beginner is a loss of 10% of trading capital in a year.
Many lose 10% in a month if not in a week.  If you can survive for a year, learn about trading, and lose less than 10%, your education is cheap and you are way ahead of the crowd.
The goal of a beginner is to cover trading expenses and generate annual return on his account equal to one and a half times a comparable riskless instrument (example Fixed Deposit or Sukuk). You have to charge the cost of software, data, classes, and trading/analyst books against your trading account. Beginners often throw money at gurus who promise the keys to the kingdom.
If you can cover them and then beat the FD, you’ re no longer a beginner!

2. INTERMEDIATE (SERIOUS AMATEUR OR SEMIPROFESSIONAL)
The minimum acceptable performance level for a serious amateur is return on equity twice the current rate on Fixed Deposit (I replace T Bills to FD as in Malaysia, I think it would be more realistic to make a reference to the most riskless saving instrument). Your improvement is evolutionary, not revolutionary. Cut some of your losses a little faster, grab some of your profits a little sooner, learn a few more tricks of the trade. Once you’re covering your trading expenses and making double what you could get from riskless paper, you’re miles ahead of the efficient market theorists.
The goal of a serious amateur or a semiprofessional is to generate a 20% annual return on equity. At this stage, the size of your trading capital becomes an important factor. If you are trading a million dollars, you may be able to start living off your profits. But what if you trade a relatively small account, say $50,000? You know you can trade, but 20% of $50,000 is not enough for a living. Most undercapitalized traders destroy themselves by overtrading, trying to squeeze unrealistic returns  from their tiny accounts. Take crazy risks, and you’ll have crazy results—both on the way up and on the way down. Better stick
to your trading system and leverage your skills by trading other people’s money .

3. EXPERT
The minimal performance targets are more flexible for experts. Their returns are steadier, but not necessarily higher than those of serious amateurs. You have to continue outperforming Fix Deposit —to fall behind them would be ridiculous. An expert may grab a 100% return in a good year, but trading a serious amount of money year after year, just staying north of 20% is a very good performance. Certified geniuses such as George Soros maintain a lifetime average of nearly 30% per year.
The goal of an expert trader is to put enough money into riskless investments to be able to maintain his current standard of living forever, even if he stops trading. Trading at this stage becomes a
game that you continue to play for your own enjoyment. Curiously enough, when you no longer have to stretch for the money, it starts flowing in faster than ever.

Rei : I'm judging my myself as able to graduate from the beginner stage and into the earlier stage of SemiPro. I need to consistently generate 20% annual return of my portfolio (say 5~7 years) then I'm considered myself graduating in the SEMI PRO stage. Well, being in the EXPERT stage is where what we call financial freedom or Abundance, see the above blue highlight ? " ...able to maintain his current standard of living forever even if he stops trading...........that is the final objective (ideal or achievable  ???) though not many really success till this stage. I believe even many Trading course Gurus are either in the beginning or middle of this Semi Pro stage.

So, one must be persistent, patience and having Great passion if one is to embark his journey into developing oneself to become a EXPERT TRADER !!!!