Setting Trading Goals

Posted on Wednesday, June 1, 2022 at 7:30 PM

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Dan Passarelli, CEO - Market Taker Mentoring

Hey, Dan Passarelli here.

Well, John and Kathleen and myself, we're all on our way out to Sonoma to the MTM Options Trader options training retreat. That is this weekend. Thursday, Friday and Saturday.

We're super excited because we're going to be talking about some great stuff. And just to set the stage, for those of you who might be going or those of you who might have had to have missed it this year, we are going to be talking about taking your trading to the next level. And I want to share with everyone what my thoughts are and how to do that.

The first thing is to set some goals right? And they don't have to be… in fact, they really shouldn't be: financial goals. Not: I want to make 40% this year or 50% or $10,000 or whatever.

They should be more deep rooted:
• I want to be able to trade with less stress.
• I want to be able to feel more confident in my trading.
• I want to be able to have the confidence in my trading so that I can help put my grandkids through College...

Something simple like that, to give you sort of a longer term and deeper vision of what you really want. And then the next part of that is a plan on how to get there.

Now, this plan, sometimes it's hard to put the plan together in exact pieces. Sometimes you kind of have to build the plane while you're flying it, but you have to visualize somewhat of a path, just sitting there and doing nothing and hoping that you get to that next level. It's not going to work, right? Because the final step is taking action and actually putting that vision into place and making sure that you're following the steps you're taking, the learnings that you've taken and putting those new tools to use.

And that, my friends, is how you get to the next level.

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