A Trader Journal

Change yourself, change your trading.

Keep your goals secret?

Common advice is to share your goals with others so that it increases your accountability and commitment. Looks like recent research suggests that sharing your goals might have precisely the opposite effect. Instead of increasing the commitment, sharing appears to reduce it. Part of the reason seems to be publicly committing creates similar effect to fantasizing about reaching those goals and the illusion of progress when there was no progress.

More details: ”Why you should keep your goals secret“. 

Goals are dreams with deadlines.

2 comments:

implied volatility said...

Another thing is that others may not be so encouraging. At least, that's how I discovered the benefit of keeping my goals secret.

ATrader said...

Very good point. I also can relate to that.

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