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Why Setting Trading Goals is So Important

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dailytradertalk.com

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team@dailytradertalk.com

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Wed, Jul 27, 2022 07:22 PM

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Having the right goals in mind is a fundamental part of becoming a successful trader. Having the rig

Having the right goals in mind is a fundamental part of becoming a successful trader. [image]( Having the right goals in mind is a fundamental part of becoming a successful trader. Financial goals help you develop a strategy that works best for your trading style. Without these goals, you're essentially navigating the market without a road map. And that’s not a smart approach when it comes to trading. But by being organized and intentional in your strategy, you can increase our chances of making winning trades. But how do you go about setting trading goals? What should they look like? [Here's how I establish my trading goals to increase my chances of making profitable trades!](=) [image]() THE NEWS DESK [In a Market Like This, Knowing What to Look For is Key]( The S&P experienced a decent bounce of 2.6% last week. And since the recent bottom on June 17, the index has rallied as much as 10.3%. [Where is Crude Oil Headed This Week?](=) After hitting resistance at the top of its hourly down channel, the market had a bearish reaction and started moving lower again. [Why the Next Big Breakout in Crude May Already Be In the Works](=) The last time the WTI crude oil market was thrown into a whirlwind consolidation range was on the way out of its pandemic bottom. “I made $4200 and no losers!” Thanks Josh! I wanted to share some heart-warming stories from my students that have been able to succeed with the War Room program. Take Rick, who said “I made $4200.00 and no losers!!! Thanks Josh & Richard!!!” Or Brad who is “constantly over $1000 a day based on your teaching.” Or even some of my newer students like Erin who said she “made just over $5k last week.” All of these students have something in common. They took a chance on me, and joined my War Room. As a result, they were able to succeed in making more money than they ever expected. [Click here to see how it works and get started today!]() WORDS TO TRADE BY "I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying." - Jeff Bezos Regrets have a way of holding us back. They keep our eyes focused behind us rather than allowing us to look ahead to the future. But one of the worst regrets is failing to try when you had every opportunity to put in the effort. Yes, failing hurts. But at least you can say you tried. If you sat on the sidelines, you'll never know what could have been. It's like that with trading as well. If you see an opportunity that aligns with your trading plan, don't pass it up! Leverage your risk management, and give it a shot. You might be pleasantly surprised. And if it doesn't go your way, get your mess together, and look for the next opportunity. [image] Josh Martinez P.S. [Click here to see how my War Room strategy works and why I like to call it “The World’s Most Profitable Side Job”!]( [Facebook]( [YouTube]( [Instagram]( Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is a very high degree of risk involved in trading. For our full disclaimer, visit: [Unsubscribe]( Traders Agency 20 North Orange Avenue Unit 1100 Orlando, Florida 32801 United States (888) 483-5161

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