It’s 42 degrees celcius here right now, and while we’re waiting for a cool change to hit I’ve just cracked open a cold beer, ahhh! Apologies to those currently at work! 🙂
Today I want to share with you a technique that I’ve used for many years, which is really easy to implement but can provide incredibly powerful results over time.
This particular approach has helped me to build a software business, with customer installations in hundreds of stores across Australia.
I’ve also used this technique to build my very first trading strategy, and then to expand to a diversified portfolio of strategies across markets, timeframes and styles.
This technique has also enabled me to learn how to code, take a number of courses in different fields and I even used it to launch the BST podcast and trading courses on Better Trader Academy.
And most of this was done while holding down a full-time corporate job and raising a young family.
I don’t say this to brag, but I know alot of other traders are in similar situations too, with full-time jobs, study, family, kids and other commitments, and I think this technique is really the key to accomplishing alot over time, so I’d like to share it with you now.
It’s a very simple 4-step process, but don’t let the simplicity fool you, it can be very powerful.
It works like this:
- Choose a particular task or project you’d like to focus on,
- Determine a fixed amount of time each day you can commit to the project, say 30 minutes (or longer or shorter depending on your schedule but be realistic),
- Pick a time of day you’ll do it (for example 6am or 9:30pm), and then…
- Get it done!
Do it EVERY day.
No matter how busy you are, you ALWAYS spend that allotted time every day to this specific task until its done.
And public holidays.
The only exception is maybe Christmas and birthdays but you need to be dedicated and consistent.
Sounds simple right?
It can be a little tricky to get started, because life has a tendency to throw up challenges to test us out, but once you’re in the routine and it’s become a habit you’ll be amazed at how much you can actually get done with a short daily commitment.
In fact, you probably won’t even notice your progress for a while, but then one day it’ll hit you how far you’ve progressed, and it probably won’t even feel like it was hard work to get there.
Even if it’s just 15-20 minutes per day, before long you’ve put 100+ hours into the project, which isn’t too shabby at all.
The key is consistency, so pick a time and get it done.
PS. Students of the 14 day breakout challenge are seeing the benefits of this technique too, and they’re learning how to start creating profitable breakout strategies in under 2 weeks – without spending more than 35 minutes a day.
Short daily commitments bring big results – it’s achievable if you know how.
19 January 2018