The Goal Guide For Beginner Traders

When you start out in the world of trading, we’re all taught the key principles you must abide by.

The one key principle that keeps on cropping up, and always will for that matter, is the importance of setting goals. Without goals, it’s very difficult to put together any sort of trading strategy.

At the same time, it’s also very difficult to put together these goals in the first place. While it would be far too specific to drill down into specific goals for your own strategy, today’s guide is instead going to look at some of the key rules to keep in mind as you put together your goals.

It’s All About The Process

Sure you have entered this business to make money, but that doesn’t mean your goals have to align with your final profits.

Like it or not, these are metrics that are truly out of your control. You can do the perfect trade, but still lose money. This might happen through a market unexpectedly crashing, or a company revealing that their accounts are actually completely misleading (it has happened, as we all know).

It means that in terms of goal setting, you need to turn to processes. It has become so easy to obtain a demo account of popular trading software that there’s no excuse for not developing processes. Perhaps frustratingly, this can mean that results aren’t instant, but if you can base your goals around them you are at least confident that you are following a strategy and aren’t just hopping around between approaches (which commonly happens).

Simplicity Will Always be a Winner

As we all know, trading is anything but simple. It’s an utterly complex beast but when it comes to goal setting, you need to keep things as simple as can be.

For some of you, this might mean focusing on just one type of market. For example, if stocks are your thing, stick with them. Or, if you’re more of a currency type of person, it goes without saying that FOREX is your answer.

The point we’re trying to make is that you shouldn’t try and mix things up and come up with complicated formulas. Keep your goals simple, and everything will be much easier to manage.

Don’t Base Your Goals Around Your Number of Trades

This final point might be the most difficult for some of you to pull off. After all, you are entering the trading game to make money, when you’re not trading you might not be doing that.

However, there will be times where it’s best to hold tight, and not trade. If one of your goals is to make ‘x’ trades per day, this naturally isn’t going to happen.

A goal is meant to discipline you. Sure, you might not be making money, but in precarious times you also won’t be losing any.

*** SPECIAL ALERT — July 25, 2020 — TWO of this Year’s Motley Fool Stock Picks Have Already Tripled and Two have Doubled! ****

We have been tracking ALL of the Motley Fool stock picks since January 2016. That’s 4+ years, 54 months and 108 stock picks. As of Friday, July 24th 2 of their 12 2020 stocks picks have already tripled (TSLA, SHOP). In addition, 4 of their 2019, 8 of their 2018, 7 of their 2016 and 10 of their 2016 picks have also doubled. Best of all, over these 54 months, the average stock pick is up 111%. That beats the SP500 by an average of 87%. And that’s even accounting for all of this COVID mess that has wreaked havoc on some stocks but presented opportunity for other stocks. THAT is how the Fool does so well!

  • Shopify (SHOP) – April 2, 2020 pick and it is already up 163%
  • Zoom Video (ZM) – March 19, 2020 pick and it is already up 107%
  • DexCom (DXCM) picked Feb 20, 2020 right before the market crashed and it is still up 26%
  • Tesla (TSLA) picked January 2, 2020 before the crash and it is up 123% compared to the SP500 -7% so it is ahead of the market by 130%
  • HubSpot (HUBS) picked December 5, 2019 and it is up 46%
  • Netflix (NFLX) picked November 21, 2019 and it is up 42%
  • Trade Desk (TTD) picked November 11, 2019 and up 111%
  • Zoom Video originally picked Oct 3 and it is up 234%
  • SolarEdge (SEDG) picked September 19, 2019 and it is up 44%

Now, no one can guarantee that their next picks will be as strong, but our 4.5 years of experience has been super-profitable. They also claim that since inception, their average pick is up 424% and now we believe them. You sure don’t want to risk missing out. Many analysts are saying that we have passed the bottom of this COVID crisis and stocks will recover quickly. So make sure you have the best stocks in your portfolio.

Normally the Fool service is priced at $199 per year but they are currently offering it for just $99/year if you click this link

CLICK HERE to get The Motley Fool’s Stock Picks for just $99 per Year! 



Robinhood was the first brokerage site to NOT charge commissions when they opened in 2013. They just past 10,000,000 accounts and to celebrate they are offering up to $1,000 in free stock when you open a new account.

Here’s the details: You must click on a special promo link to open your new Robinhood account. Then when you fund your account with at least $10, you will receive one stock valued between $5 and $500. Then, you will get a link to share with your friends. Every time one of your friends opens an account, you will receive another free stock valued between $5 and $500. Click here to learn more about this Special Robinhood offer.

Claim your free stock NOW

(before it’s too late)

Leave a Reply

Your email address will not be published. Required fields are marked *