Page 14 - Module 2_The_Human_Element

Module 2 -Lesson 2 – five steps in goalsetting

There is, however, very little general understanding about how
this should be done. The most effective way of establishing
objectives is known as goal-setting.

In Figure 3 - Correlation these results are represented by a
closer correlation between the circles representing
‘expectations’ and ‘achievements’ and by an increase in size of
the circle representing ‘achievements’.

First, it significantly reduces the likely gap between what is
expected and what occurs, and therefore contains stress to
Figure 3 – Correlation manageable proportions. Second, the technique increases an
individual’s capabilities to a meaningful extent by focusing
energy on achievable results.

3. Goals for the trader

Because of the intensely personal nature of goal-setting, it is not appropriate here to analyse in detail
the range of potential objectives relating to personal needs, family needs and career needs.

The important starting point is to find out what it is that motivates you as an individual. Towards
what do your desires point? Quite simply, if you follow your deepest desires (when properly
elucidated), you will harness the most powerful energy available to you.

The second step is to place these desires into a philosophical framework to ensure that there is no
incompatibility between your needs and those of the community in which you live and work.

The third step is to plan of action, along the lines of the goal-setting procedures which will be outlined
shortly.

If we can assume that the
social context is, indeed,
amendable to a trading
career, then the relevant
goals narrow down to
deciding whether your
trading income is adequate
and whether you are
emotionally satisfied by the
processes of trading.

In fact, the question of the
adequacy of your income can
be further sub-divided into
Figure 5 – balance
whether you are financially
secure and whether your trading methods are profitable. See Figure 5 – Balance.

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