Around this time last year my new years trading resolutions were a lot different then they are now. Last year I was in a bad place mentally and at the point where I really had to re-construct myself in order to get focused and keep with this career. My goals were a lot more specific and dealt with following my trading plan, and handling my money management better. Honestly it's a big relief that I didn't have to go through that same life or death (figuratively speaking of course) scenario and could make a goal of something that I actually wanted to do instead of something I had to go.  As you know I'm a firm believer in "Kaizen" philosophy of continuous improvement so this year I wanted to improve my knowledge of the fundamental side of trading.  Don't get me wrong, I will still trade using strictly technical analysis, but I would like to know more about economics and how everything works so I can have a greater respect for the market I guess, but also involve myself in some deeper conversations with my peers.  When I tell people that I'm a trader in the financial markets (and I proudly say that instead of backing away from that title like last year) the first thing they usually ask is a fundamental type of question like "so what do you think about the European Union?" And I usually answer "well I know it's bad". lol Seriously though, I usually explain to them that I strictly follow the charts and could care less about the news that comes out. Needless to say getting into a conversation on technical analysis with people that know are unfamiliar usually ends pretty quick. So I would like to have something better to talk about.  Mainly I would just like to know because I feel like I should be knowledgeable in the field that i do my work in whether it's specific to my techniques or not, but I would be lying if I told you the social involvement factor, especially with my peers in the field wasn't a factor. 

 I would love for anybody else to share there New Years Trading resolutions as well. Maybe you can spark an idea for a fellow trader.

P.S. Starting next Monday I will be working with Triple Threat Trading & T2 University running a live trading room. There will be a free 2 week trial so please check it out. https://t2trading.tv/ratio
Darren
1/5/2012

Hi Akil,
Great to read your New Years resolution. Here's mine.
First part was to finish my Business/Trade Plan which is done. Next is to make sure I finish my full time job early enough in the day to ensure I follow this plan.
This will then enable me to have more time with my family, which is the Number 1 goal of my resolution.

All the best for the New Year

Reply
Akil
1/5/2012

Sounds like some good goals to me. I especially agree with the family first part. When I first started trading I swear I was in front of my computer 24/7 and I felt like I was neglecting the people that mean the most to me in my life,

Reply
PL
1/9/2012

Good to see your resolutions. Mine are about consistency not only in trading but also in all the aspects of my life. For the trading part, I do not fix myself a specific target of income I would like to have at the end of the year. The most important is that I'll be able to make X money every week of month on a consistant basis.

Reply
Akil
1/10/2012

Consistency is key as far as the type of trades you take, how you measure your targets and stops and pretty much everything. Great goals. My advice would be to make sure you don't start chasing trades if you get to the end of the month or week and you didn't reach your monetary goal yet.

Reply
PL
1/10/2012

thanks for the advice. Of course chasing trades or anything else is always bad for anyone. It's better to let things come to us




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