GOALS & GOAL CONCEPTS FOR THE SUPER DAY TRADER.

Pt 1: - Why Do Super Traders 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 Heres Pt1. Enjoy.
Regards; Dow-Boy.

The Traders 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 ones 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 Goals 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 ones attention to grow ones
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 Traders
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!
Whats measured improves! Peter Drucker.


7. FEEDBACK: Trading involves learning. Learning & improving partly involves repetition which
needs considerable feedback. A Super Traders 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 STs 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 Traders 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
Copyright - DayTradingLife.com 2011 - All Rights Reserved.
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