January 8th 2020 | 3 minute read
In my last post about goals, I skipped the first part. Vision. First create a vision. What do you want in life? How do you see your business? The activity of trading is a business and should be treated as such. Acting as if you are operating a business will move you in the right direction. Next is set your goals. Then create a plan or strategy. Finally execute your plan. If you have never taken these steps you may be surprised at the positive outcome.
I have ran many races but never had a coach or really even read anything about racing. I have won some races in my age group. One year I wanted to run my fastest Bolder Boulder race. That was my vision. Goal: 42 minute 10k. Plan: Run each kilometer at a predefined pace. I then trained. My time ended up being 41:15. I admit, I was a little shocked. The power of the steps. Vision, goal, plan and execute.
Looking at my About page you will find my vision for Pro Elite Traders. That is: To help traders become profitable. The pain of starting out is daunting. I want accelerate the learning curve for people I help. I believe this can be done. At the same time, there is no replacement for experience. You can gain that experience with a coach and help minimize your draw down days.
I am sure my intelligent readers can do a search on the Internet for vision statements. I liked this one from Business News Daily. Read the "Examples of inspiring vision statements". A collection of companies vision statements.
Before you make a trade, envision a positive equity curve. Goal: Follow your rules. Plan: Know your entries and exits. Execution: Follow your plan.
Don't think about it, write your statement now. Great, that was your rough draft. Now think about your vision statement and finish the vision statement.
Trade well friends.