A Day Trader’s Goals – 10 Good Reasons

Day-Trader-Goals-The-10Rs

GOALS & GOAL CONCEPTS
FOR THE SUPER DAY TRADER.

Day Trading Goals -10 Good Reasons. PDF Version Downloadable FREE PDF Version.


 Pt 1: – Why Do Super Trader’s Use Goals? – Top 10 Reasons.

Day-Trader-Goals-The-10Rs
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 as to why a goal approach & integrated methodology is so important within the realm of Day Trading.

Enjoy.

Best Regards;
Trader; Dow-Boy.


Trader’s 10R Goal Cycle

Original Goal: (Eventually), We Can Release it.
Past Goal: Is To Reflect; Re-Evaluate; Re-Live It.
Present Goal: We Re-focus; Re-Frame; Re-Align It.
Future Goal: We Will Re-New; Re-Size; Re-Define It.


  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 ‘PERCEIVED 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!


  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 ST’s 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?

    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!


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

DowBoy b.1967 – 31st-March-2011
Follow Me On TwitterMy Day Trading YouTube Channelhttp://www.Daytradinglife.com

Copyright ©DayTradingLife.com – 2016 – All Rights Reserved.

4 thoughts on “A Day Trader’s Goals – 10 Good Reasons”

Leave a Reply

Your email address will not be published. Required fields are marked *

21 ÷ = 3