Setting Your Trade Goals
- Keep your goals reasonable. We all know you can’t make a $1,000 every day on a $2,000 account.
- Make sure you have a trading plan that will help you reach your goal.
- Track your progress. Journals are a must.
- Account for mistakes and bad days. Not every trader will have a good day, every day.
- Make adjustments to your plan, not your goals. Goals are carved in stone and plans are written in sand.
- Have daily, weekly, monthly, quarterly and yearly goals.
- Steadily increase your goals every year.
- Have accuracy goals, trading goals, profit goals, and make sure to reward yourself every time you acheive a goal.
