Two Percent Club Goals

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Steveo
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Two Percent Club Goals

Postby Steveo » Sun Apr 19, 2009 5:14 am

Not sure if anyone every posted setting goals using Drain The Bank in the 2 Percent Club.

I included a zip file (Excel and Word doc) here if anyone is interested. I'm not the greatest with Math or Excel so give me a break.
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TheRumpledOne
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Postby TheRumpledOne » Mon Aug 08, 2011 1:55 pm

People have been asking if the TWO PERCENT CLUB is still open.

YES!!

1) Run PalTalk
2) click on ALL ROOMS
3) click on BUSINESS & FINANCE
4) click on Day Traders
5) click on TWO PERCENT CLUB


If you have trouble finding it, just pm me, therumpledone, from PalTalk and I will invite you in.


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Postby PebbleTrader » Sat Aug 13, 2011 6:35 pm

A goal is not always meant to be reached.

Often it serves only as something to aim at.

:D
Life is just a journey

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Postby TheRumpledOne » Sat Aug 13, 2011 11:43 pm

"A goal is not always meant to be reached. "

Can you provide an example or 2?
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Postby PebbleTrader » Sun Aug 14, 2011 12:55 am

The second part should have been more of the emphasis:
"Often it serves only as something to aim at."

Goals aren't as important as we think.

Not having a goal doesn't mean you stop achieving things.

It means you stop letting yourself be LIMITED by goals.

There's no limit, because you are free.

There is no 2% per day limit.

You don't know what will happen. Think of the limitless possibilities of that simple statement.

Goals as a system are set up for failure.

Some goal systems are more flexible, but nothing is as FLEXIBLE as having no goals.

You want to be open to whatever is unfolding at the moment and the possibilities you could never have planned for.

Take each day as it comes, and be open to whatever transpires.

It means planning the outcome as little as possible.

When you make plans, you think you are setting things in stone, but it's always more fluid. You just fool yourself into thinking it is solid. When you acknowledge it is fluid, you learn to use the fluidity to your advantage. You FLOW.

Do not try to make the world fit to your own plans/goals.

Do not forget the "illusion of control".

:)
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Postby TheRumpledOne » Sun Aug 14, 2011 2:47 pm

Not having a goal means you may wind up someplace you don't want to be!!

There are things you can control. The trick is to discover what they are and act accordingly.
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Postby PebbleTrader » Sun Aug 14, 2011 5:30 pm

I do use goals.

Here is how I determine when to use or not use goals:

It depends on the degree of control over the outcome I have.

An example of high degree of control of the outcome would be if I was on a basketball court. My goal would be to hit 8 out of the 10 shots I take. The 2 shots I might miss would be highly correlated to something I did wrong. In other words, it was not related to some external factor outside of my control (most of the time). In such a situation I would use goals and deliberate practice.

When it comes to trading we need to determine how much of the outcome is directly related to ourselves. Then determine if goals are appropriate or not.

Just remember a goal is a limitation in disguise and a limited mind can not freely think.

There is nothing wrong with ending up some place you did not intend.
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Postby TheRumpledOne » Mon Aug 15, 2011 9:32 pm

"Give me a stock clerk with a goal & I?ll give you a man who will make history. Give me a man with no goals and I?ll give you a stock clerk."

- J. C. (James Cash) Penney (1875-1971, American retailer, philanthropist, founder JC Penny?s
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Postby PebbleTrader » Mon Aug 15, 2011 9:54 pm

The ONLY daily trading goals I have are related to negative % equity change.

:D

I do NOT use goals for positive % equity change. But, it's not like I'm not aiming for "something" :D
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