A Formula for Success!

At last! A definitive view for attaining success….

But, before you rush to the bookstore, know that Barabasi is speaking about external success.  He makes it clear that internal success is for the individual to assess. He chose external success because it’s measurable. For example, if we define ‘trading success’ as achieving a means of attaining ‘self-esteem’, we are using a definition that cannot be measured. On the other hand, defining ‘trading success’ as producing an ROI of 20% pa is measurable.

With that distinction in mind, Barabasi has made a significant breakthrough: performance is necessary for success, but alone is not sufficient.  What! Performance alone won’t bring me the success I want? We do the work but won’t get the promotion; we play hard but aren’t recognized.

We convince ourselves that talent combined with a strong work ethic is the key to getting ahead, but also realize that combination often fails to yield results.

The Formula provides five mathematical laws that will bring you external success. What’s important is his conclusions are based on objective studies.

So, how do we ensure the external accomplishment we seek will bring us internal success?

ACT has the answer, align your core values with your vision and goals. The first step then for trading success is to:

• Identify your core values
• Set goals aligned with them
• Create plans to attain – plans that include Barabasi’s five laws.

The post A Formula for Success! appeared first on Ray Barros’ Blog for Trading Success.