Day Trader - Career Development Guideline

Day Trader - Career Development:

Let’s begin by removing some of the common confusion about the subject.

Career is not just about a job (executive) we show up for where we do something (work - recurrently make and fulfill commitments), and receive compensation (money, stock, benefits) – these are connected, yet distinct.

You can develop a career identity (beyond one’s title, position, or job description) as a day trader. Any career is about who others say you are in your conversations and actions together. Career is not a conversation about me (what I do); it’s a conversation about we (who we are and what we can do for each other).

So, careers are developed interacting with others – in your helping them, and they helping you, take care of important concerns, solving problems and dealing with breakdowns.

Career development is all about offering something of value for others to take care of themselves in some important area of their lives where you can offer help (like in the day trader consultant (coach) /client relationship for learning to win).

So what do we need to be concerned about in developing a successful day trader career?
I offer the following guideline to assist in developing any career (especially in developing your career with me as a winning day trader).

Career Development - Guideline

1. Research – objective assessments of your:
· Career possibilities – your abilities to help yourself and others,
· Performance - your perspective & levels of competence,
· Opportunities for producing value – products, services, day trading,
· Breakdowns - performance breakdowns (examples: * below).

2. Decision / Commitment – you declare your career identity,

3. Capacity – what you need to effectively act and (for day traders) to win:
· Resources – capital ($80,000 to $100,000 for: learning losses, computer, software, consulting, coaching, and other day trader services,
· Energy – mental, emotional, and intuitive energy,
· Consulting – winning perspective, planning, and tactics,
· Coaching – build competence and winning levels of performance.

4. Esteem – what you & others say about your skills & performance,

5. Competence – both relating with & in producing value for you and others,

6. Results (feedback) – consulting and coaching support,

7. Identity - earning the trust & respect for producing value,

8. Balance - maintain consistency and viability other areas of areas of your life,

9. Management – maintain competence, enhance performance,

10. Innovation (ideas) - improve performance results.

Breadowns - potential performance breakdowns:

1. Money – lacking risk capital (adequate funds - preven distractions),

2. Amateur (dilettante) status – trading alone, unfocused,

3. Complacence – expecting others to make you successful: Investing/day trading books, courses, and workshops, Web site services – “picks of the day”, The news services – CNBC, Investors Business Daily.

4. Blindness (innocence) – blind to the career vs. job distinctions,

5. Living a Fantasy – acts successful, yet not,

6. Relying on Talent or Luck – not building competence,

7. Age – believing you are too old to learn,

8. Emotional imbalance – not well (temporary or permanent),

9. Incompetence – relating and day trading - a loser:
· Not really interested in the concerns of others,
· Deenergizing conversations with yourself and others,
· Distrustful and/or uncooperative with others,
· Destructive actions that result.

10. Arrogance – you act like you have all the answers:
· Ego - convinced of your importance, being right,
· A Me vs. We - preoccupation with self,
· Not open - not willing to learn, or develop a career.

Comments, questions, recommendations:
Wealth@DayTradersWin.com

More information:
http://www.daytraderscoach.com/