Trading, like many other endeavors, is about growth. Trading is about continual adaptation and your ability to grow with the market. You’re never done becoming a trader because the objective is to be consistent and consistency only comes from a breadth of ability to trade many markets and conditions. What good is it that you can make 10k in a strong bull market when the market goes through a correction.
When it comes to growth and goals, we like to set very specific weekly goals that grow upon themselves. For example, we may say we want to spend the next week working into our trade in the zone set. The week after, we will add to this, a new goal of holding the neutral zone after taking the trade. The week after, we would add to this by partialling out once the neutral zone has been broken instead of exiting the entire position. So that’s 3 weeks of very obtainable, specific performance goals and then we take a week of “rest”. We use what we have built and start to make it part of our technique. After week four, we start a new 3-week cycle of adding in growth goals.
Just remember to keep the goals specific and obtainable. Also, make your goals cycle-related so you can see the compound effect. As traders, we often don’t reward ourselves for meeting goals. Use the compound effect to measure an improvement in yourself and maybe on week four give yourself a little something you have been wanting. We hope this helps and sparks ideas for the community.