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What are your goals in trading?
Started:October 11th, 2016 (05:08 PM) by Pariah Carey Views / Replies:1,241 / 35
Last Reply:December 3rd, 2016 (10:53 PM) Attachments:1

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What are your goals in trading?

Old October 17th, 2016, 08:23 PM   #11 (permalink)
Market Wizard
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Good post.

Let me offer a counterpoint on the subject of happiness.

I proactively pursue happiness as part of my daily practice. Happiness or contentedness.

Trading is becoming part of that, as I get better at it.

Here are some of the things I do daily that impact happiness:
-- get enough sleep
-- make the bed right away (a common characteristic of all happy people)
-- walk a lot
-- exercise
-- socialize with people on my A-list and family
-- learn something
-- write something

Great post by Scott Adams on the subject of engineering happiness:

Happiness Engineering | Scott Adams' Blog

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Old October 18th, 2016, 07:04 AM   #12 (permalink)
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-- socialize with people on my A-list and family

Mind defining A-list?

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Old October 18th, 2016, 09:20 AM   #13 (permalink)
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My first serious goal developed around 2013. To develop human immortality, for philosophical and spiritual reasons. In early 2015, my secondary goal developed. To become one of the best traders in the world so I could independently fund my vision without investors.

As for current trading goals, I aim to make a minimum of 750% per month until it becomes impractical or unnecessary to do so.

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Old October 18th, 2016, 10:07 AM   #14 (permalink)
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Mind defining A-list?

The few guys I could call to bail me out of jail.

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Old October 18th, 2016, 11:39 PM   #15 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
I should asterisk that by saying, "socialize with A-list and promising A-list recruits," as I do have a goal of trying to cultivate one new person for my A-list each year. That means cutting the oxygen off entirely to the D-list, and cutting the amount of time given to, or demoting people on the B-list.

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Old October 23rd, 2016, 12:08 AM   #16 (permalink)
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If the System is the Goal, then perhaps the goal should be to continually improve your systems, refine your processes.

To have the best systems possible and use them effectively.

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Old October 23rd, 2016, 12:32 AM   #17 (permalink)
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As a new trader I have many goals, but my main goal is to focus on long-term growth and not short term profits

Yesterday's excellence is today's standard and tomorrow's mediocrity
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Old October 23rd, 2016, 01:04 AM   #18 (permalink)
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Monetary: A million dollars.
Then I would take a much needed break, enjoy life a little, learn other stuff on the side besides trading.

Then after the break, I would fully optimize my trading plan again and get back to doing what I love=trading.
Continue to learn and adapt to the ever changing market, keep evolving, keep learning, keep pushing.

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Old October 23rd, 2016, 02:00 AM   #19 (permalink)
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suko View Post
If the System is the Goal, then perhaps the goal should be to continually improve your systems, refine your processes.

To have the best systems possible and use them effectively.

I think your goals should be definable and be measurable.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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Old October 23rd, 2016, 02:03 AM   #20 (permalink)
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As a new trader I have many goals, but my main goal is to focus on long-term growth and not short term profits

How are you planning to accomplish this goal?

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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