8 Minute Read

2015 GOOOOAAAALLL SETTING TIME!

January 2, 2015

By | 5 Comments

Our newsletter about goal setting. This is a Rookie and Pro level newsletter, but I have to make sure everyone has a chance to see it again.  Action without a goal is provides no gain.  Here is a good list for beginners

1. Place your first virtual trade if you haven’t yet
2. Place your first live trade as soon as you feel ready
3. Set a goal to build an maintain a watchlist
4. Identify one simple strategy that you understand best and focus on that strategy for mastery
5. Set a goal to manage your positions and portfolio every day
6. Set a goal to start and maintain a trading journal
7. Set a goal to keep it simple, for example in your journal keep track of the numbers, (income vs expenses) keep track and categorize your trades by strategy and keep track of your though processes and mindset with simple notes about your thoughts and feelings about the trades.
8. Set a goal to do something every day to move one step closer to your goals.
9. Set a goal to read one book about trading per quarter.
10. Set a goal to log in to Tackle Trading every day.
11. Set a goal to watch a video or two on Tackle Trading or Read an article or two and consume and digest all of the information one small bite at a time.
12. Set a goal to participate in the Club House
13. Set a goal to try and answer the questions you have through your own research
14. Set a goal to ask for help when you need it and make sure to take advantage of the resources available to you here at Tackle Trading
15. Set a goal to plan your trades before you place them
16. Set a goal to place your trades according to the plan
17. Set a goal to reduce your expense trades by 1% or 2% this month
18. Set a goal to improve your income trades by 2% or 3% this month
19. Set aside time each week/month to pause and review
20. Track your performance and measure yourself against your own personal performance with a simple benchmark of being profitable at the end of each month.

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis.  This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise.  Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products.  By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials.  In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

 

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

5 Replies to “2015 GOOOOAAAALLL SETTING TIME!”

  1. Terence Wagler says:

    What books on trading would be recommended reading material?

  2. Francisco Sanchez says:

    Nice list there are somethings I don’t do, but I will start doing it from now on.

  3. For books there are so many,,,we are going to put some out, till then check out Bible of option strategies buy Guy Cohen –
    link
    http://books.google.com/books/about/The_Bible_of_Options_Strategies.html?id=S1gXAgAAQBAJ

    and William O’Neill How to make money in Stocks
    link
    http://www.amazon.com/How-Make-Money-Stocks-Winning/dp/0071614133/ref=sr_1_1/184-1510072-9957911?s=books&ie=UTF8&qid=1420464134&sr=1-1
    And for psychology
    Mark Edwards – Trading in the Zone

  4. Marius Posogan says:

    Hello Coach G,

    I was looking up for the recommended books above. Isn’t “Trading in the Zone” by Mark Douglas?

    About the trading journal: could anyone share a template, or a screenshot, of an old entry in the trading journal as an example on how an options trader’s journal should look like?

    Thank you!

  5. Trading in the Zone is a trading psychology book that test your thinking in the beginning and then again at the end.
    it doesn’t really have a daily journal. We will attach a journal son in one of our post.

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