This article expands upon the concepts presented by Neal Weintraub in his interview with Alpesh B. Patel, in the new book The Mind of a Trader, from Pitman Publishing. The Importance of Goals Motivation and goals go hand in hand.
Motivation is the engine, and goals are the destination.
Motivation cannot exist without goals, and goals cannot exist without motivation. Each loses meaning without the other. Setting goals provides direction to the trader. With a series of goals traders have something on which to focus and direct their energies. We can see the trees despite the wood.