My 1 Year Old Seems Wild And Hard Time Focusing Trading Goals, Do You Have Them?

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Trading Goals, Do You Have Them?

Do you know what you really want to achieve in trading? Have you set some goals that you are working towards? Do you know why you want to achieve your goal? Do you know what you need to have a chance to achieve your goals? If you don’t have goals and plans on how to achieve what you want, you’re like a sailboat without a rudder in the ocean, just drifting in the direction the winds and currents take you. You have no control! Setting goals is an important step in achieving the things you want in life. You can certainly achieve things without setting goals and developing a plan, but by setting goals and a work plan, you become more focused and self-aware of the details to accelerate your progress.

Goals can be broken down into different categories such as personal health and fitness, spiritual, family and relationships, career, education, investments and financial to name a few. Within each category we decide to create goals, subcategories must be created. So a subcategory of financial goals would be trading goals. In general, everyone who decides to become a trader wants to make money. This is a statement to yourself, but not necessarily a goal, as I have never met anyone who decided to become a trader to lose money. So what are the goals and how do you create them in the right way to achieve them?

All desires in life come from dreams, desires and needs. Goals are born from these dreams, desires and needs. The process begins with creating a list of dreams without allowing the mind to set limits on those dreams. Don’t let your current situation or condition limit your thoughts about your dreams. Make your dream list as there are no obstacles. Once you have created a dream list, the next process is to go through your dream list and look at each item and see if it is a realistic dream, want or need in your current life circumstances. If a dream of mine was to live in a two million dollar oceanfront house off the coast of Florida and your current job makes $25,000.00 a year and you have very little savings, that dream would not be a realistic dream in your current living situation. .

Now, if you’re willing to make a drastic change to a profession that would result in higher earnings, or find a way to make your savings work better by becoming a skilled investor or trader, you’ll have a more realistic chance of achieving your dreams. and goals. The key is to make dreams and goals realistic and believable to you. Some of the goals you set are easy to achieve, while other more significant goals require you to challenge yourself and push yourself outside of your comfort zone.

So he decided to become a day trader to earn the extra cash he would need to buy his dream home. One of your goals right now is to own a home on the ocean. When you create goals, you should write them down on paper, or better yet, write them on your computer for easy updating. When formulating your goal, be as descriptive as possible. Don’t just say I want a house in Florida by the ocean. Be creative with your dreams and goals, let your imagination run wild. What style of home do you dream of? Ranch style or two story home? 4,000 square feet or 10,000 square feet? What are the colors? How many bedrooms and bathrooms does it have? Can you imagine the layout? Is there a pool in the backyard? If so, is it kidney shaped or rectangular? If so, write it down. The more details the better.

There will be times when you create a goal and you will find that you need to set another goal that will be necessary to achieve the larger goal you created. Think about setting goals, such as a recipe to make a fancy dish or bake a cake. If you leave something out of the recipe, you risk the result of the recipe.

If you plan to become a profitable day trader, what are the obstacles? What does it take to achieve your goal of becoming a day trader?

Some examples of obstacles are:

1. Have enough money to fund your trading account.

2. Proper education to become a profitable trader.

3. Does your spouse or partner support your idea of ​​becoming a day trader?

4. Does the time schedule of your current job or profession cause problems in working?

towards achieving the goal?

5. Is there a local or online support group?

6. Finding the right broker for my needs.

The above are just a few examples of the hurdles you have to jump to reach your goals as a day trader. You need to work on possible solutions to overcome potential obstacles. If one obstacle is finding more liquid cash to fund your trading account. You need to think carefully and think about ways to do this, perhaps you have an old coin collection or other collectables that you can sell to raise the necessary capital. If there’s a will, there’s a way!

Everyone has their own obstacles to deal with. Always make sure it’s money you can afford to lose and that it won’t change your current lifestyle.

Don’t set unrealistic deadlines for your goals and dreams. Some of your goals may be in progress without a deadline, and other simple type goals may have deadlines. Looking at the obstacles above, you can see that some of the above can be resolved within days or a week at most. Proper education can take months or more. Even with this, his goal would be to continuously improve as a trader in the coming years. The goal of having a home on the ocean can take a few years, which can be traced back to the goal of becoming a successful day trader.

By breaking down what it takes to become a successful day trader, you need to itemize your smaller goals. Creating daily tasks that help you achieve your goals is key. Create a daily plan of attack and daily work. Stay focused and look back each day to make sure you’ve made progress. Always set small goals that you can accomplish every day, which will give you energy and encouragement to reach the bigger goal. Some other key components you need to work on are the psychological components. If you need to improve your patience, create a goal with written detail to demonstrate great patience while trading. If you need to be more assertive, do the same exercise as with patience. The key is to be more aware of what you need to achieve your goal.

It’s not as simple as saying I want to be a successful trader. First, you find the recipe, gather all the ingredients, and put them together. The key to achieving your goals is to take the time and do whatever it takes to get there. Working on the small details every day, concentrating and putting the main focus on the daily task and daily progress.

A quick overview for setting goals

1. Make a dream list

2. Review the list and see if the dreams are realistic, practical, and believable.

3. Write a descriptive part of your dream into a positive statement, since it has already come true.

4. Make a list of all the obstacles you need to overcome to reach your goals.

5. Make a sub-list of achievable goals that can be achieved in one week.

6. Make a daily plan of attack and planned work.

7. Create a daily to-do list to work on every day.

8. Review each day, week, and month to see your progress.

9. Always set your goals higher when you reach the set goal.

10. Always have ongoing goals that never end.

11. If you get stuck, run into problems, or fall back, always find another angle to try.

12. Never give up! If there’s a will, there’s always a way

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