GOALS & GOAL CONCEPTS – FOR THE SUPER DAY TRADER.

Pt 1: - Why Do Super Trader’s Use Goals? - Top 10 Reasons. This; is the 1st part of my ‘3 part mini-series’ dealing with the subject of goals, goal concepts & the art of goal setting for the Super Day Trader. I like bullet point lists; they seem to be far superior for memory recall than huge paragraphs of text of ‘Shakespearian’ proportions. So…… Here’s Pt1. Enjoy.

Regards; Dow-Boy.

The Trader’s 10R Goal Cycle Original Goal: (Eventually) Released

Past Goal: To Reflect; Re-Evaluate; Re-Live

Present Goal: We Re-focus; Re-Frame; Re-Align

Future Goal: We Can Re-New; Re-Size; Re-Define

1. VISION: They say success is a 2 part process, with part 1 being, ‘You Must Know Exactly What You Want.’ Goals give you the trading vehicle to envision EXACTLY what you want! As the great Stephen Covey So eloquently puts it, one must; “Begin With The End In Mind.”

2. INTENTION: We live in reality, yet it is a

filtered ‘PERCIEVED REALITY.’ Goals for the Super Trader are used as a lens, shifting one’s ‘Frame Of Reference’ (His Thinking & Awareness) to envision new opportunities, guiding ones’ decisions within a structured ‘INTENTIONAL’ framework via conscious choice.

NOTE: The Important word, Choice. There is age old question “Are Traders Born Or Made?”

ANSWER: Neither! We are all products of choice!

3. DESIRE: Goals instigate a strategy to achieve a desired result. ‘Goals Come With Desire.’ With desire come goals. The Greater your ‘Goal’s Desire,’ the easier it will be to change your old conditioning. Alter your old conditioning & you change your old habits. CHANGE YOUR HABITS, CHANGE YOUR RESULTS! Desire is VERY Important.

4. PURPOSE: Goals give you a sense of purpose; thereby directing one’s attention to ‘grow one’s

awareness; conscious awareness. This relates among other things to the ‘Conscious Competence Learning Model.’

5. FOCUS: Goals are closely linked to ‘FOCUS.’ What is the most important part in a Super Trader’s

Structure, his structure of excellence? ‘THE PROCESS!’ Goals help you to direction your focus (WITH CLARITY) on BEING! Being What?

BEING THE PROCESS OF TRADING!

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GOALS & GOAL CONCEPTS – FOR THE SUPER DAY TRADER.

6. PERCEPTION: By merely having ‘Goals,’ you instigate a ‘Comparative’ mode, so you can easily evaluate & make rational ‘Value’ judgements regarding your ‘PROCESS & OUTCOME Goals.’ The principle of perception is based on differences. So, what do we need to be able to compare. Start with a goal! All Super Traders quantify & qualify their performance. So all Super Traders use goals! “What’s measured improves!” Peter Drucker.

7. FEEDBACK: Trading involves learning. Learning & improving partly involves repetition which needs considerable feedback. A ‘Super Trader’s Goal System’ always incorporates a ‘Feedback Loop.’

YOU NEED FEEDBACK IN ORDER TO IMPROVE; SO… YOU NEED GOALS!

8. ACCOUNTABILITY: Having goals & a goal process makes you purposeful, thoughtful rational & systematic. This transcends into the realm of ‘Personal Accountability’ having what is known as an ‘Internal Locus Of Control.’

9. HABITS FORMING: Goals are part of a ST’s consciously chosen system that helps ‘Reshape’ old negative self-limiting beliefs & habits that could be buried deep within his subconscious. Thus goals aid in the creation & formation of new habits.

QUESTION: What Are Habits?

ANSWER: WHEN THE BODY BECOMES THE MIND!

10. CHANGE: Goals help you change. It is said (via quantum law) that the environment is an extension of the mind. So importantly; if the World is shaped by our thoughts (potentiality), then ‘INTENTIONALLY’ shaping our destiny via goals & goal setting we will ultimately reshape our conditions & our environment, thus changing the events, circumstances & outcomes.

NEVER UNDERESTIMATE THE TRUE POWER OF GOALS MY FRIENDS! So, there you have 10 requisite reasons why ALL Super Traders use goals in their trading regime & why they are essential to a Super Trader’s success inside & outside the markets!

“I wish you well in your journey & in your trading.”

DowBoy b.1967 - Written 26th-March-2011 http://www.Daytradinglife.com

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