Every year at New Year we hear of people making resolutions of all varieties. Have you ever noticed that these resolutions are usually made without any serious thought or planning involved? This is the difference between a resolution and setting goals.
Goal setting is:
A focused plan based on proven methods to achieve desired results
A predetermined set of rules and regulations
We often hear about having a trading and or business plan to succeed in trading. Then comes the education needed to be successful. Before long we are at the screens trading for a living. Day in and day out we follow all our rules and can actually see our account size growing. We are enjoying our trading career for all that it has to offer. Then, one day you ask yourself, "Where is this taking me and how long should I expect it to take?"
The trading career is one of the most unstructured endeavors we can partake in. This is why we need rules and plans to allow for the needed structure to survive...
