Expert Trading Secret – Create Clear Goals

There are many advantages to becoming a trader with a killer trading secret. No more difficult bosses or annoying co workers, no more tedious 9 to 5 routines and no more tiresome commutes to the office. However, don’t be misled. Trading is no holiday. You need to commit to some very hard work and to a solid trading plan. Let me assure you that your hard work will pay off in the long run.

You must have a strong motivation to succeed when you embark on a life of trading. There will be difficult times to go through when none of your trades seem to be working out. At times like these, you need to be able to draw strength from the strong commitment you have made to see this thing through.

Want to learn the real trading secret to keep your motivation high? It’s all about coming up with goals that are specific and solid. That means not settling for general statements like wanting to trade to achieve financial independence. This is just a big and murky goal. You can narrow down your goals such as wanting to be able to support your family or saving up for a big purchase. Whatever these goals are that you eventually come up with, they need to be so strong and personal that they’ll push you during the hard climb up. You only really have your goals to keep you breathing. Hence, get these goals written on paper so you never forget them.

You may know of the Petronas Towers in Malaysia. Until recently they were the tallest towers in the world. What you may not know is that the foundations for these towers go down to a depth of 800 feet into the ground. My point in mentioning this astonishing fact is that you will need strong foundations to support the work you do in trading. In my opinion, there is no such thing as overnight success. Overnight success only comes about after many years of solid preparation.

A great big part of foundation building is the task of generating your specific goals and committing them to paper. This is effectively what you’d call goal quantification. On top of your personal goal statements, you have to indicate too such details as when and how much. An example would be saving up enough money to be able to buy a yacht or a seven bedroom house or paying for your kids’ full tuition fees.

Be aware that this isn’t something that will come to you after attending some finance seminars or reading trading strategies. There’s a lot more involved here.

You need to be absolutely ready to move and just do. Take note though that this can mean initial losses even if you have the best stock broker in town. The truth is that 80% of investors lose cash at first. Don’t be discouraged though. This is a necessary phase for you to go through, an initiation of sorts if you must. All you really need to do to survive this stage is to keep motivated and to keep your goals in mind. This will help you learn from your losses and help you grow into a better trader through time.

So before you embark on your stock trading, you must promise to implement your top trading secret. Write down your goals and do some background reading. You will then be ready to begin the task of undertaking some serious trading.

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