Setting realistic goals is essential for progress from "summary" of Mastering Trading Psychology by Mike Baehr,Andrew Aziz
To make progress in trading, it is crucial to set goals that are both achievable and realistic. Setting unrealistic goals can lead to frustration and demotivation, which can ultimately hinder your progress in the long run. By setting realistic goals, you are giving yourself a clear target to work towards, which can help you stay focused and motivated. When setting goals, it is important to be specific and measurable. Vague goals such as "I want to make a lot of money" do not provide a clear direction for your trading efforts. Instead, set specific goals such as "I want to make a 10% return on my investment in the next month." This way, you can track your progress and make adjustment...
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