Select a number and become non-attached

...continued from yesterday...

This is further to my discussion of Hedge Fund Masters: How Top Hedge Fund Traders Set Goals, Overcome Barriers, and Achieve Peak Performance (Wiley Trading)

Throughout the book Ari returns again and again to his main point that a hedge fund manager must set as a goal the number of dollars he wants to make in a day, a week, a month, or a year.

Ari explains that the role of that money goal is to serve as a focal point for generating ideas as to what actions to take to achieve that money goal.

Ari also clarifies that after setting a money goal in terms of number of dollars profit in a specified period of time, a hedge fund manager then has to become non-attached to that dollar goal. Furthermore, a hedge fund manager should focus on performance of the actions relevant to attaining the money goal without regard for attaining or not attaining the goal.

...continued tomorrow...

Copyright 2007 Raymond T. Lee. All rights reserved.
Leisurely e-Mini Futures Trading
eMail me Comments