Goal setting 2017 Make it Your Best Ever Year

goal setting 2017

I hope you all had a great Christmas… and here’s wishing you all a great 2017.

2016 proved to be a year of learning for me. Although I’m always trying to learn something new, I concentrated on self improvement a lot this year.

I enjoyed this studying immensely.

The main reason that I was able to do this, was because my daughter started to do more and also longer days at pre-school nursery.

Not that I read books all day if she was at nursery, but I could juggle my time far more efficiently and have larger chunks of the evenings for me and my things.

The Trading Year

There was a lot going on this year with Brexit and the US elections.

Even though these events held some regular trading opportunities in gridlock, prices still moved up and down on all manor of things. In fact, there were quite a few quick trades that lasted only a few months this year.

I didn’t bet or trade on either of the above events. If I had I’d have lost them both.

Day Trading System

As you know, a lot of time this year has been spent researching day trading strategies. This has been one huge effort. But over the last few weeks I have been getting the first draft ready of my new system down… It should be finished by the last week of January.

Goals 2017

What’s my System Like

Well, I’m not only going to be offering you some system rules and pages of filler. I have been writing the guide from my own personal angle and perspective.

I’ve tried to address the reasons why you won’t make money day trading or any sort of trading…

This has nothing to do with the system… as that is cast iron.

It has everything to do with YOU though.

From not following rules, setting targets, setting trading times, starting banks, taking losses, over trading and even not trading enough. I’ve considered every thought thoroughly that entered my mind.

There is not one system that will suit all… although I feel by addressing the problems traders have emotionally when it comes to making trading pay, that I have come close.

You will be able to trade using my system at times throughout the day and evening that suits your current situation.

You could trade all day if you wished… But as always remember the golden rule! The money’s in the waiting. And that goes for day trading too.

Goal Setting 2017 Planning Your Year Ahead

If you haven’t read it yet read “The One Thing” set your goals around achieving that one thing and don’t stop until it’s done.

Use goal setting in 2017 to keep you focused. Plan a list of sub goals [no more than 5] that will get you to your main goal, [your one thing].

Each time you reach a sub goal, reward yourself.

I learnt this technique from the book 59 seconds. It complements The One Thing superbly.

Meditation

I have mentioned this in a few posts over the year… If you have never tried meditation before, you must at least have a go… I really can’t endorse it enough.

Meditation has been a big part of my daily life over this last year. I truly feel better for doing it. In fact, I look forward to it so much now, I miss it if I don’t meditate at least once a day.

It’s like your own brain enhancement system that is made just for you.  Awesome.

Make 2017 your best year yet

Wherever you are in your life at the moment, I wish you all the best for the coming year. Concentrate on the one major thing that will make your life better… and keep going until it’s done.

Believe in yourself… you’re stronger than you think and smarter than you can imagine.

A Product Review That Says it All

product review

More often than not when I’m shopping online, I’ll read product reviews before I purchase.

It makes little difference to the cost of them item either. If I’m considering buying a kindle book to a new monitor for my pc I’ll read the reviews if available.

Why do I do this? Well like millions of others, I’m basing my final buying decision on what other people have found out about the product before.

This feature of online shopping has changed the way that people shop and buy.

If you were in a High Street store, and were about to buy a new microwave oven, you’d read the features, look at the price and maybe listen to a store assistant that had some knowledge of the product.

You’d then purchase or not, based on your assumptions and impulses.

Product Review

Having the option to read other customers product reviews online is like being able to try before you buy.

You can get a real feel for the item you are interested in buying, just from reading the product reviews.

This is because many are incredibly detailed. Some shoppers will leave reviews that will include, size, speed, fit, colour tones, electric consumption, weight, sounds, vibration, ease of use, longevity, results, overall service and a host of other important details that you can consider.

Many of these opinions are simply not going to be available to you in store.

It is only shopping online that offers you so much time saving and effort in buying the right product that suits your own criterion.

product reviews

The reason I mention this is because it is Christmas and online shopping is at its peak once again… but also because of a review I read the other day about Vince Stanzione’s trading system.

If ever I could detail to you the ins and outs of Vince’s system, how to use it and how you can make money from this style of trading, then this review says it all.

You can have a read here.

It’s not long winded of full of waffle. It’s just a pleasant review of how it all works.

If you have been thinking about buy Vince’s system then this product review may help you make a decision either way.

Well worth a quick gander.

Disciplined Trader – That Thing Winning Traders Do

 

Disciplined trader

Self discipline is probably the greatest attribute a winning trader can possess.

I could offer you one trading rule/system and prove over time that it gives you consistent positive results.

One the other side of this, I could offer you a trading system with 6 or more rules and indicators that can still offer long term results.

The key difference in these systems is not necessarily the rules… it is how the trader manages the rules.

Is day trading 1 trade a day or multiple trades a day?

It is both of course. The point is how do you wish to operate within a trading day?

Do you want to be busy? Or find the right trade, take it on and then walk away for the day?

Should you use funds that you can safely afford to lose? Or do you trade with funds that you have an emotional attachment too?

Essential Pre-Trading Testing 

The only true way that you will find this answer out is by trading with real funds.

And there is yet another caveat to this.

You see, many people selling systems say that you should only start trading with money that you can afford to lose.

While I can see the logic behind this mentality, I fail to see how this equates to someone that can afford to lose £100,000.

How does a multimillionaire start to trade, what size bank? With £2000 or 2 million?

Reality Trading

Essentially, it seems that the less money you have to start trading the greater the probability you you have of making a better ROI.

Again, this view will be up for debate… but I can assure you that any trader that is trading with millions of $£€ has built up to that level from way smaller amounts.

Vince didn’t start out as a millionaire trader… he became one.

Risk money trading

Disciplined Trader

Any money that you trade with has to be respected and relevant.

If blowing £100 it nothing to you, then how about £500?

The fact is that… finding a level of loss that hurts you financially but you wont cost you your house if it all goes belly up.

If you are not emotionally attached to your trading bank in the sense that you care about what happens to it [your bank] then it’s likely you’re not going to be able to start a profitable trading career.

This is the first key to winning at trading. It is the first time you will be asked to be a disciplined trader… from then on you will be asked consistently.

The Disciplined Trader

It is the disciplined trader that will make money from the financial markets.

The ability to start trading with the correct sized bank, that is relevant to your current circumstances, takes honesty and discipline.

From then on in, it is time that will work its magic for you.

Therefore, you once again have to be disciplined.

You will either need to be disciplined enough to let your profits run, cut your losses or wait for the right opportunity to trade.

Winning traders are disciplined in all 3 of the above scenarios on any given trade.

 

Can You be Disciplined

If I told you that on average, you could make 6 points profit from every breakout on one minute candles; but pointed out it is better to set a points target of 6 points a day and then leave it and take the rest of the day off, could you do it?

Could you leave all those other potential 6 point trades on the table for the rest of the day?

If you are trading just one trade a day, could you just leave it there?

If I told you to back every one-minute candle within a certain criterion until you have made 2 points profit for the day… could you be disciplined enough to walk away after?

Discipline day trading

Day Trading

I’m talking the shorter term trading here as you can see. The reason for this is because I have talked about discipline with longer term trading many times before.

And since my trading system will be to accommodate day traders, I thought it an idea to point out some considerations before you even think about investing in financial trading.

In Conclusion

Any fool can start trading, but is the disciplined trader that will go on to reap the rewards and profits that trading can offer.

Discipline should be your greatest focus when it comes to trading. Become disciplined and most else will fall into place.

 

With self-discipline most anything is possible – Theodore Roosevelt