The most crucial process goals for traders are as follows:—#AnirudhSethi

  1. Managing risk – Setting objectives regarding trade sizing and minimizing drawdowns;
  2. Generating ideas – Establishing a process for generating strong trading ideas and turning them into plans;
  3. Executing trades – Ensuring successful implementation of trade plans for maximum reward and minimum risk;
  4. Position management – Overseeing positions once entered, including hedging and adjusting trade size;
  5. Portfolio diversification – Achieving a well-diversified portfolio of trades and effectively allocating capital;
  6. Self-management – Maintaining a positive mindset for optimal decision-making;
  7. Personal goals – Focusing on outcomes outside of trading that can impact performance, such as physical wellness, relationships, and spirituality.
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