Saturday, September 13, 2014

ENVISION SUCCESS !

This is perhaps one of the most important message if this section and an important message even in Larry Levins "Secrets of Emotion Free Trading", which has been a good reference for me.

Just as important as setting specific goals, you must visualize yourself successfully reaching those goals each and everyday. If you can’t see yourself in your mind’s eye as a success, there is no chance you will become successful. It just won’t happen!”

Not only must you have a goal and a plan to execute on the goals for trading, you need to think of your successful future and imagine how it is! Envision it.

See where you are today and the gap between the future and the present. 

Break that gap into achievable milestones, like that in a project plan, like building a house. You need land, you need money, you need an architect o design it for you, you need to have the resources and time to manage and monitor its progress.

The same things are required to fill the gap between your present and future envisioned successful environment.

Think of what people around you will say, about how you achieved those goals.

What are the difficulties that you had to surmount to overcome before you became successful?

What did they see you doing everyday?

What will be the process and approach that you will follow to in your trading style?

Are you going to trade on your own? or you will take the help of a mentor or you will subscribe to a successful traders services?

Give some of these points more than a passing thought and build your plan to get through the milestones that you have set for yourself.

For example, you may say to yourself, that you want to see Rs 2500 credited into your bank at the end of each week as a goal for the very short term and this is what you will do:

- I will paper trade my trading method for a week or a month and see whether it delivers Rs 2500 per week?

- Then I will do real trades for a week and evaluate the results.

- Did I achieve Rs 2500 at the end of the week? If not, why?

- Analyse, paper trade, real trades, evaluate...and repeat this cycle till your goals are met and then set a new goal with a whole  new thinking behind to to take the progress to the next level.


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