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Goal Setting

Goals, do you have any? Can you spell them out? Do you review them every day?

Here's a very easy goal-setting method to follow. Do it, and you will see a huge improvement in your bottom line.

Write down the amount of money you are going to make trading next year. "I am making $___ by December 31, 20_." Present tense required, not future tense! Look at that amount every day and affix it on your wall and in your mind. Divide that amount by 52. How much money are you making on a weekly basis? How much on a daily basis? If you cannot decide a figure, set a goal for profits to be 50% greater profits than the previous year.

What? You didn't make any profits last year? Then set a goal equal to or double the amount you lost last year.

You didn't trade at all last year? Then set a goal for the amount of money you truly believe you can make this year.

Be serious about doing this, but have fun as well.

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Master Trader Joe Ross wants you to learn trading and he created products to do just that, teach you how to trade. Go to our website to find which ones best fit your trading style.



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Saturday, 22 June 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.