Monkey=Dead "Balls on" accurate.
That is step one.
When do I go to step two?
When you feel you can approach anyone (male OR female) off the street without you doing any of the following then you can move to step two.
Things NOT to do (Caused by AA and other things, IMHO)
Talking exceptionally fast
Looking at the ground or not being ABLE to hold eye contact
Fidgeting
Putting your hands in your pocket (to not fidget OR any other reason)
And most important... When you approach your target within 3 seconds. And in this stage your target can be either a man or a woman. Doesn't matter. Your not in this stage to get laid or get a number. You are in this stage to throw off that AA-monkey on your back (Sorry Monkey

)
IMHO that is when you are ready for step two.