| Level | Definition | Observable Signals |
|---|---|---|
|
Beginner
|
Still learning what things are + basic actions. Cannot yet reason about tradeoffs.
Primary questions: “What is this?”, “Where do I click?”, “Walk me through this?”
|
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Intermediate
|
Understands core concepts and can execute with support, but lacks consistency, confidence, or synthesis.
Primary questions: “Is this correct?”, “Does this look right?”, “What should I focus on?”
|
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|
Advanced
|
Independently researches, executes, and adjusts strategies while reasoning about tradeoffs and outcomes.
Primary questions: “Why choose this over that?”, “Downside?”, “How does risk profile change?”
|
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|
Expert
|
Mastery + synthesis + independent judgment across multiple market conditions. Systems-level thinking.
Primary questions: “Is edge valid now?”, “Stress‑test assumption?”, “What breaks this?”
|
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