Developing a Consistent Attitude

[ItalianSharp]

Nice topic.

I agree with everything that you guys have written above.

Something I would like to add that wasn't mentioned:

Trading is just like any other business and we are the entrepreneurs of that business. Hence, we must set realistic goals to keep the business going and growing consistently.

I believe setting goals is a crucial aspect of discipline.

If we set goals too high, we may never meet our expectations and we may take it as a failure, pushing ourselves over the limit and taking unnecessary risks.

If we set goals too low, we may not have the necessary drive to reach them because they are too easy, so we may end up feeling a bit unmotivated.

Setting realistic goals is crucial to maintain growth, discipline and emotional balance.

If you are a 1-contract YM daytrader, it would be unrealistic to set a $1K daily goal as well as it would be too little to set a $50 daily goal.

Finding the right balance can tremendously help us keep our head straight.