Dollar profit goals as a starting point

...continued from yesterday...This continues the discussion about Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance (Wiley Trading)

Another salient characteristic of the hedge fund managers used as examples in the book is that they all set goals in terms of number of dollars profit they want to make in a day, or a week, or a month or a year. From that starting point, they work out subgoals about what they have to do on a shorter term basis so that they can attain that goal.

...continued tomorrow...

Copyright 2007 Raymond T. Lee. All rights reserved.
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