Here’s a shocking truth: Over 90% of crypto traders quit in their first year!
Why’s that?
One of the main reasons is that they pursue the wrong goals.
Usually, people start trading because they want to make money. And there’s nothing wrong with that.
Logically, they set goals like “I want to make 10k in 3 months” or “I want to achieve 100k gains in one year.”
Uncontrollable goals lead to uncontrollable actions!
The problem is that these are goals no one can control (even the world’s best trader couldn’t). You can prepare, you can put in the work, and try your best.
However, you cannot control the market, world economy, or the geo-political situation.
Moreover, since the goal is uncontrollable, the actions become uncontrollable too. Traders try to react to the overall situation and adjust their approach to reach their goal.
The result is that traders make wrong decisions, lose money, and ultimately stop trading.
Focusing on Tasks Instead Of Goals — A Game-Changer For Your Crypto Trading Goals
The core problem is trading-related. It’s a common problem when setting goals. But here’s the good news: There’s a straightforward way to handle it.
First, you need a change in perspective! Here’s what this means:
Successful people (not only in trading) usually focus on tasks, not goals.
Don’t get this wrong. Of course, they have goals.
But here’s the trick: They break down the goals into required tasks and focus on their execution.
It’s a small yet essential perspective change.
Let’s make this tangible.
Instead of focusing on making 100k, you break down this goal into required actions:
For example:
- Educate about trading: 1 hour daily
- Build trading strategies: 2 hours daily
- Backtesting: 3 times/week
- Document and automate processes: 2h/week
- Journal your trades daily
- Analyze your trades once a week
- Etc
As a next step, you keep focusing on executing these actions.
You track, monitor, and improve them.
This might sound boring, but it is precisely what you must do.
The Boring Things Will Help To Achieve Your Crypto Trading Goals!
Alex Hormozi once said: Extraordinary accomplishments come from doing ordinary things for extraordinary periods of time.
This is exactly what will happen if you consistently execute the defined tasks. Inevitably, you will reach the overall goal.
Summarized, here’s what you need to do to reach your trading goal:
- Set a goal
- Break it down into actionable tasks
- Execute the tasks consistently
- Celebrate your success!
If you want to be one of the crypto traders who don’t quit, you can check out Crypto OS. It’s the platform I developed based on all the mistakes I made. It contains data-driven trade signals, backtest data, AI forecast, trading bots, and so much. Try it for free!
