Goal Setting Reference Materials

There’s plenty of literature about goal setting. My two favorites are:

1. Alan Lakein, How To Get Control of Your Time and Your Life (book).

2. Anthony Robbins, Time of Your Life (audio-visual program).

You can get these at a lot of places on the Internet, such as eBay.com or Amazon.com. Check to see if you can borrow them from your local public library.

Here are two products about goal setting specifically for traders.

1. Ari Kiev. Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance (book).

2. Van K. Tharp, Psychology of Trading (audio program) available at http://www.iitm.com/products/psychology_of_trading_cd_series.htm

By the way, Van K. Tharp's product features me in the first chapter but I have no financial interest in the product.

What’s common among literature on goal setting is the need to get into the proper mood when you begin to set goals. The mood that works best for me is one of confidence and optimism. One way of doing that is to ask yourself this question: “What would you want to do, be, and have if you absolutely knew you can do, be and have whatever you choose?”

Another approach is the one suggested by Alan Larkein, namely, ask yourself: "what would you want to do, be and have if you absolutely knew you were going to die in 12 months from now?" I use this question to narrow down the gigantic list generated using the question in the previous paragraph.

So ask yourself those two question and take a few days to compile a wish list. Santa Claus is coming soon so you need to have your list ready!

Continued tomorrow ...

Copyright 2006 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
eMail me Comments