A little bit about goal setting ..

I think it is essential for every trader to set goals in life. I read recently the popular book "Think And Grow Rich" written by Napoleon Hill. Napoleon Hill was given the task to examine the most successful people, by that time the most wealthy man Andrew Carnegie. The reason Andrew gave Napoleon the task, was that he had one of the qualities that successful people have, "do more than people expect from you". That means that in every task, he works harder than he is paid for. The books title does not refer only to accumulate materialistic riches, but also how to get a life with love, friends, no fear of failure, living healthy and being confident.

The basic principles to success are:

1. Set one main goal in life
2. Set secondary goals that lead to the main goal
3. Program yourself into success mode

The principle is to program your subconscious mind in accepting yourself as a success. You have to dream every day about your main goal and imagine yourself as you are when you have obtained it. If you want to be a professional mutual fund manager, going every day to work in a suit driving a Mercedes, you have to imagine yourself every day as you would already live like that. Surround yourself with successful persons not with pessimists. And also create your own master mind group, with people that have similar goals and want to succeed. Share your knowledge with them and in exchange you will get knowledge from them.

One of my favorite motivational speakers: Brian Tracy