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Better System Trader

If you’re looking for inspiration, motivation and practical advice on improving your trading results, Better System Trader delivers every week. Each episode brings you an expert trader who shares their own story, along with the steps, both good and bad, that they’ve taken on their path to success. With a focus on actionable insights, the tips and tricks used by the experts contain loads of value, providing you with insanely practical tips and tools you can start using TODAY. Improve your trading with Better System Trader.
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Jan 1, 2016

Happy New Year!

The start of a new year is typically the time when people review their accomplishments and progress for the past year, and make fresh plans for the year to come.

I thought it might be good to do a quick bonus episode with someone who knows all about setting goals and achieving them. That person is World Cup trading champion Kevin Davey, who was a guest of the show on Episode 5.

Now this is a bonus episode so it’s a really short one but it’s full of great information, including the importance of goals in trading, common mistakes traders make when setting goals and the process to creating good goals.

Whether you're an accomplished goal setter or just starting out I think you'll find value in what Kevin has to share with us today so I hope you enjoy this short chat on goals in trading.

In this episode we discuss

  • Why it’s important to have goals in trading
  • The impacts of not having goals can have on trading success
  • The types of goals appropriate to traders
  • Common mistakes traders make when setting goals
  • An easy way to create good goals
  • How to determine if your performance goals are attainable
  • Why some traders get hung up on goals that aren't relevant
  • Why you need a time limit on your goals
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