Question

How is Commitment important?

Answer 1

First is having a goal. Goals provide us with a target and a direction. This helps us determine which information to pay attention to what to ignore. It also helps us determine which actions are needed to get us where we want to be. You’ll find that much of the stress and indecision in your life, as well as your trading, is due to the lack of a clear direction.

Second is motivation. Whatever goal we set must be exciting and believable to us. When we set a goal that is exciting to us and we believe that it’s attainable, we become extremely motivated to take action toward the desired result.

Third and perhaps most important is commitment. There will be many obstacles on the path to accomplishing a worthwhile goal. When those obstacles appear it’s really easy to lose the belief and thus the motivation to continue on the same path.

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