Jan 2 in General Discussion
Set Standards, Not Goals
It’s that time of the year again where everyone is setting their New Year’s resolutions. And honestly, for 99% of you reading this… It’s a waste of time. Most of you will never achieve the goals you set out. Not because you’re stupid or lazy. But you just don’t know the optimal way your brain prefers to achieve goals.
Set standards, not goals.
Everyone has goals... Everyone wants to be rich... Everyone wants to date the woman of their dreams... Everyone wants to be somebody... Yet, everyone around you is in a constant state of failure. Look around and ask yourself: How many people are truly reaching their goals? The answer is virtually none. And it's because of this precise reason: You won’t rise to the level of your ambitions, you will fall to the level of your standards. If you’re willing to settle for less, you will get less. You will fall as far as your standards let you - regardless of what your 'goals' are.
Make it unreasonable for you to fail.
It’s cool that you set goals. But you must also set standards to go along with your goals. It’s easy to say that you want to get in shape this year. But you won’t achieve that if you don’t exercise consistently or watch your diet. The framework I like to use when setting standards is to ask myself: “How can I make it unreasonable for me to fail?”
For getting into shape, this could look like:
- Going to the gym **at least** 3 times a week
- Diet consisting 90% of natural foods
- Walking at least 30 minutes a day
Wouldn’t you agree that it’d be unreasonable for you to be out of shape if you did that consistently? In the context of making money trading, it could look like:
- 1 paper trade + journalling that paper trade every day
- 15 minutes of backtesting per day
- 15 minutes of learning about trading per day
Long-term time horizons
Just setting standards obviously won’t get you to your end goal right away. But, it’ll ensure you stay on the right track. It’ll help you move closer to your goals every day. After you set your standards for whatever goal it is you want to achieve… You just gotta put your head down and do the work. However long it takes you achieve your goal… Wouldn’t you agree that as long as you put your head down and maintained your standards… It’d be unreasonable for you to not achieve your goal?
Exactly. So let’s get to work.
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Set Standards, Not Goals
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