The alarm clock didn’t go off. The internet isn’t working. The milk spoiled.
And yet, there are always opportunities that come with them…
You awake to the feeling of sunshine streaming through a window. You read a newspaper instead of scanning news online. You drink your coffee black.
Each day brings new challenges and opportunities. But what if you could turn those challenges into opportunities for greater productivity?
It’s possible, because I do it every day.
Here’s the secret: Focus attention on the tasks that will lead to success.
Before you make your coffee… Before you butter your toast… Before you drop the kids off at school or complete any part of your morning ritual, ask yourself this question about your trading day:
What am I trying to accomplish today?
It’s a short question, but it packs a big punch.
Many of my coaching clients, and fellow traders, are blinded by the prospect of making lots of money without spending much upfront.
The potential of having a successful trading business is enormously attractive. Not only does it sound cool to say “trader,” but it’s even better when you can define the term by saying “look at me.”
Yet, the same low-cost barriers to entry can bring a low probability of profit if you can’t address the question: What am I really trying to accomplish?
You need to spend some quality time figuring out what your objective is and how you need to focus your attention to accomplish and exceed that objective.
– Do you want to become the best trader on the planet?
– Are you hoping to replace your job in the next 12 months?
– Do you want to feed the masses and end world hunger?
Whatever your goals, whatever your talents, you have to give this your full attention. Anything less will lead you in the wrong direction – closer to frustration and further from your goals.
So, ask yourself again: What am I trying to accomplish today? And continue to ask this question every day, several times a day, to maintain your focus on achievement.
I know from asking several of my coaching clients that many people struggle with this question.
It’s not because they lack confidence. It’s not because they are trying to be evasive. It’s simply because – no matter how long they have been thinking about trading – they just haven’t given the question sufficient, serious thought.
What are you trying to accomplish with your trading today?
Without a well-researched trading process and well-executed plan, you stand little chance of succeeding against a world of competitors as a trader.
Yes, I said an entire world of traders.
Remember, the Internet is not located on a street corner; it’s located on the World Wide Web. Your competitors may be found anywhere on the globe. Are you ready to compete with them and win?
So, ask yourself again: What are you trying to accomplish today?
How will your focused attention translate into higher profits from your trading?
If you’re struggling for an answer, it’s time to maximize your attention on the subject. Here are some tips:
– Prioritize. Gain the ability to organize your tasks in a way that aligns with your goals.
– Determine really clear short-term goals. Long-term goals are great, but the short-term goals provide a “scorecard” to make sure you are completing the most important things that will keep you moving forward.
– Upgrade your ability to deal with information. Take a speed reading course. Discover new methods of research and study. Become informationally efficient.
And let me hear from you.
What are you trying to accomplish today?