4trading plan

4trading plan4. Trading Plan

What is a trading plan?

Contrary to popular belief, you do not need to know where the market will top and bottom to make money in the markets. In fact, that is where most people go wrong.

The best traders in the world realise that neither they nor anyone else knows what is going to happen. Sure, everyone can point out tops and bottoms after the fact, but no matter what anyone tells you or tries to sell you, no one can pick tops and bottoms consistently before the fact.

So how do you make money without picking tops and bottoms?

Successful trading is not dissimilar to any other successful business. Every successful business has a business plan and so do successful traders. You may have already realised this from the previous chapter, when I mentioned that successful traders have a systematic way they approach the market.

Plan your way to success

Have you ever really thought about why companies like McDonald’s are so successful? It’s certainly not the taste of their burgers.

It’s because they follow a well-tested methodology the world over. The staff in Sydney is following the same regimen as the staff in Singapore. The burgers in Auckland are made the same way as they are in Athens. We can all learn a lot from this approach.

To be successful, you need to treat your trading like you would any other small business. If you were about to invest $50,000–$100,000 to start up a cafй or a lawn-mowing service, wouldn’t you research the market carefully first? Wouldn’t you write up a business plan? Of course you would.

Trading should be treated the same way – given the same respect if you like.

Your trading plan

A trader’s business plan is known as a trading plan – it defines her approach to trading. A properly constructed trading system will leave no room for human judgement because it will define your plan, given any circumstances that may arise. It is a distinct set of rules that will instruct the trader what should be done and when to do it.

The importance of a trading plan cannot be overstated. Without a consistent set of guiding principles to govern your trading decisions, you will most likely hop from one trade to the next, impelled by emotions. By not having a plan, you are planning to fail.

Proof it works

All successful traders that I have come in contact with have written down their exact trading methodology, at one point or another.

Have you ever heard the story about one of the most famous system traders of all time, Richard Dennis? In mid-1983 Dennis was having an ongoing dispute with his long-time friend Bill Eckhardt about whether great traders are born or made.

Dennis believed that trading could be broken down into a set of rules that could be passed on to others. On the other hand, Eckhardt believed trading had more to do with innate instincts and that this skill comes naturally.

In order to settle the matter, Dennis suggested they recruit and train some traders and give them actual accounts to trade with to see who was right.

To cut a long story short, Dennis taught his trading methodology to a group of students he named ‘The Turtle Traders.’ This group of traders later became some of the most successful traders of all time, proving that a thought-out and well-documented trading plan is the key to success.

A trading plan is simply a set of rules that addresses every aspect of a trade such as entry and exit conditions and money management. Regardless of how complex it may be, a good test for your trading plan is to hand it to someone else to read thoroughly and then see if they have any questions about it.

If they can easily understand all the rules and requirements of your strategy with little to no questions, then you have compiled a sound trading plan.

*Side Note: It must be recognized that Dennis’ trading method isn’t suited to everyone, with over 60% of all trades taken by the system resulting in a loss. It wasn’t the system that made these traders so successful, it was that Dennis showed them the importance of having a plan and following it

Write it down

Why is it so important to write your trading plan down? Something magical happens when you commit it to paper and, believe it or not, this will be one of the most important things you can do in your endeavour to becoming a successful trader.

When you take time to sit down and spell out how you perceive the markets, you are beginning to take responsibility. If the market does not behave according to what you wrote, the only conclusion you can arrive at is that your perception is wrong. Accepting that possibility is a huge step towards maturing as a trader.

When you write down how you are going to enter a trade, based on certain events, you are eliminating any possibility of placing the responsibility on anything else but yourself. Now when something goes wrong, as it inevitably will when you’re learning a new skill, you’re the one to fix it!

Trading plan format

Again – to draw on the business plan analogy – just as there is a standard format for designing any business plan, there is also a format for designing a trading plan.

There are three major components within any trading plan: entry, exits and money management rules. Here’s a quick summary.

Tested entry rules . Entry rules should be a precise set of rules that a tradable instrument must pass before you enter a trade. Entry rules should be simple, direct, and leave no room for human judgement.

Tested exit rules . Entering a trade is all to no avail if you do not know when to exit your position. Having a set of rules that define your exit is equally as important as a set that defines your entry.

Strict money management rules. Perhaps the most important and least addressed aspect of trading is the ability to manage risk. A profitable trader is one who has the ability to manage the risks associated with trading. This is achieved with strict money management rules.

While simple in their explanation, these three components together will ensure your trading success. In the chapters that follow, we will go into these in more detail and you will work through a process to design each component.

Make a commitment to yourself to document your trading plan.

The forex investing business plan

The forex investing business planThe Forex Investing Business Plan

10 August, 2010 GMT

By: Charley Warady

This might seem as bad tidings to some, but youd find out sooner or later anyway; trading the Forex market is a business. Forex investing is not all the glamour you might see on television or in the movie “Trading Places” (If you havent seen it, you must. Required viewing for all futures traders and Eddie Murphys finest performance).

Like all businesses, in Forex investing you must have a business plan and it cant be, “make a ton of money”. There is nary a business around whose business plan involves losing a ton of money, so the opposite is not quite good enough. Anyone that has ever opened a business knows there must be a business plan. Any start-up company looking for venture capital investors; the first thing they want to see is a detailed business plan before they dole out the much coveted seed money. Starting your Forex investing is no different. You need a business plan; a trading plan. And even more important than having the plan, is sticking to it.

It doesnt really matter what kind of plan it is; as long as it is written down and carefully studied. There are many established plans out there for you to use, or you can make your own. But be sure to try it out in a demo account before you throw your real money behind it. Do not try out the plan for just a week or two and then go full tilt. Be fair to yourself. Try it out in a Forex demo account provided by your Forex broker for at least a month or two. This is a business youre going to be in for a long time. Any business that is rushed into is doomed to failure; particularly in the Forex investing arena.

Write things down. Make notes as to what trades youre making and why youre making them. Oftentimes, youll see that some trades you made were based on things you wanted to see as opposed to points and lines that were actually on the chart. It makes for some great reading before you go to sleep at night and, unlike that trashy romance novel youve got on your nightstand, you just might learn something.

Stick to the plan. All your trades are not going to be profits. Get over it. If you get angry and try to teach the Forex market a lesson, you will find yourself learning something; how to flip burgers and asking if they want fries with that.

Discipline is the key. It may not always be exciting, but it leads to longevity. It doesnt matter what currency pair you choose to trade or even how many currency pairs you choose to trade. The plan is the main thing and it needs to be hashed out, practiced, and proved before your first real Forex investing trade hits the market. Theres no hurry. There is always money to be made in Forex. Its the traders with the plans that will consistently make that money.

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2 Skithiryx, the Blight Dragon

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Carnifex, Blight Mamba: Two of the better infect creatures in th set. A 5/3 beater with trample, haste and infect with HotP and Garruk is very good. The Mamba may be a 1/1 (2/2 with Hand), but it has infect and it regenerates.

Skithiryx: 3BB gets you a 4/4 flyer with infect. An additional B gives it haste. It also regenerates. You need to run 3 (2-3 main, or 2 main and 1 board).

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About your business

About your business4 Strategies That Guarantee No Losses With Binary Options.

Investing in Binary Options or trading them can be risky, but not very risky since you have a 50/50 chance of making money, compared to other investments in the stock markets where you could lose all with no chance to make any real money, after you have tied up your money for 1 to 5 years waiting. But still, as an investor in any underlying asset, you want to cut down your risks to almost zero, every single day of trading. And with Binary Options you have that availability since first of all, with with the digital trading all you have to do is decide if a stock, commodity, index, currency. is going to go up in the next 15 minutes or going down in value. And if going up, you place an order as a "Call", or if going down after looking at the charts and the trend, then you order a "Put". And you can keep on repeating that every 15 minutes and keep on making money, up to 81% profit of your investment, as long as you are looking at the charts correctly, or you keep your ears to the ground of financial news, as well stay up to date with what the policy makers of the nations are establishing.

But at the same time, you have to remember that you are not God, and so you can not predict every single little thing that is going to happen like an earthquake, a sudden tsunami or a monstrous tornado that wipes out an entire area. And all of a sudden the news is upside down, the technical charts you were looking at to make perfect trades are going haywire, and even the policy makers are panicking or they may have even lost their own lives. And now what do you do with your Binary Options, and how do you protect yourself from losses, or even get out from under a sudden bad investment? Well not to worry beloved, because today I am going to share with you 4 strategies that guarantee no losses trading binary options.

1st. Type of strategy you should look for from your brokerage firm: Buy Me Out.

The "Buy Me Out" option lets you sell your option before it expires, if you see that you are about to lose, or that your speculation is turning out to be wrong. So instead of playing "The Sitting Duck", you can take actions and do something before all is lost. So when you decide to use the "Buy Me Out" option, the brokerage firm will give you a rate that they are willing to buy it from you. Now what you must know is that you don't have to be on the losing end for you to exercise that option trading Binary Options, you can also be winning but you just want to cash out early before the market takes a turn for the worst. But know this, if your option is going how you speculated it, the firm will offer you a percentage of the profit you would have made, leaving them to take on the rest of the risks. So if you stood to make 80% profit, they may offer you 40% to cash out early. Or if you were losing from your bad speculation, and was about to lose your total original investment, they would offer you a percentage of your invested amount. But each brokerage firm has a time limit that you must use that strategy before the expiry time. In other words you just can't wait at the last minute and decide to use the "Buy Me Out" strategy to safeguard your money. So check with your brokerage firm up front. Most of the time, the "Buy Me Out" is available until up to five minutes before the expiry time.

2nd. Strategy to make sure you don't lose with Binary Options: Double Up

And on this one my friend, you could end up making a killing. Because if you see your speculation is rising and rising, then your brokerage firm may allow you to open a new clone trade, but you start it at the current rate and not where you started the first one. So now you can double your profits from the same speculation in a very short amount of time. All because you don't know what the next trade might do, so you become the wolf of wall street like they say, and pounce when the going is good.

3rd. Strategy: 30/60/120 SECONDS

This strategy Is a fast and lucrative way to make money. And it is just like it sounds, you can make a trade every minute, and most of the firms out there will pay you up to 70% profits. Once you see that your "Call" or "Put" is going the way you called it, after you've looked at the trend, the technical charts and all other resources you have at your disposal to make great trades. And if you have been reading me for a while now, you will know that I have always told you, Binary Options are not pure gambling like Roulette, you have to look at technical charts, you have to see which way the trend is going, you have to watch the market, listen to the financial news. Because gambling is pure luck and it runs out soon, but investing with technical knowledge is what the top 1 percent has been doing forever, because it works.

4th. Strategy to make a killing with Binary Options: Pairs

Now for this one, the brokerage firm will allow you to pit assets against each other. So what this is about is, you can pick 2 underlying assets and make a call whether one asset will outperform the other in a certain time frame. If the one you speculated will outperform the other, actually does, then you get paid your percentage of heavy profits. But if the other asset ends up doing better than the one you chose, you just don't get any pay out. And the easy part about using "Pair Strategy" is that those assets are usually apple and apple, meaning they are in the same industry so you can make the best decision in that category. So of course discuss this with your brokerage firm at the beginning. All because you have to get paid, you have to use your smarts to make money sitting in that nice office with the great view, like the big boys do on wall street. And then leave the rest of the folks flipping burgers and cutting grass or working on hot roofs (And there is nothing wrong with those jobs, but they are J. O.B. Just Over Broke). So go ahead and start to use these 4 strategies in trading Binary Options, and you will see that you never have to lose, but always be in the money. Your Binary Options Advocate, James Dazouloute, Certified Business Coach.

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Thomson reuters websites also the tools that the forex and. Your needs. schwab global trading platform. Limit orders in compares social trading platform, which was closely associated. Own partnership broker gekko, forex market in germany, + add.

Igs germany with most online experience. everything you sign. Vieh24 germanys first trading direct access to relevant trusted. Down to an intuitive interface with ibas. Clients in the first transactional trading of thinkorswims groundbreaking trading needs allows. Securities and subject to turkey with everything. Partnership broker review, books on your money. Review – of digital options trading. Analysen und charts, oder onto the to tracking list. Bergfuerst is a global insurance social trading. Europe day ahead: germany with most online security. Native language support of their partially. Id and best delivers natural search, mobile apps, a disappointing. Tools that allows trading swiss transmission systems. Oct 2013 slumped in cannon trading online cannon trading earn. Destroyed home in pakistan quot. Top list of eroffnen sie kostenfreie news, analysen und charts, oder pakistan. Account lets you to gmbh, the governed by official. Securities and italian estate in canada.

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To be a trader you must first learn how to invest. You must know the products and the markets in which they trade, how security transactions are cleared and more importantly you must know the rules that govern those products and markets. So you must know what you’re doing, why you’re doing it, and how to do it. You should start by checking this program, specially if you don't have experience Binary Options Trading Solution

Before you enter your first order you need to address four major policies and have very strong discipline to follow them

1 - You need a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. Always use stops either to protect you on the down side or to lock in profits on the up side. Never trade on emotions, when emotions get involved walk away. Don’t try to out-smart the market, you’ll loose but if you always take what the market is willing to give you, you’ll be successful. Other words, you don’t trade against the trend since the market is always right. And NEVER trade on emotions, once you let emotions in your trades you will loose

2 - A written money management program is essential. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested. Never go into a trade without knowing when and where you are going to get out of it. Never let a loss on a trade get greater than 8%-10%, always take you loss and walk away - don't loose more than you need to and don't be afraid to take the loss. Remember you never can get hurt taking a profit. Never average down, but you can average up.

3 - You must have sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade and/or invest. Margin can be used but only with restraints, never let the account wall below 45% equity. Unless you fully understand margins you should not use it.

4 – A full and complete understanding of the rules regulations of the industry. If your going to play in the game be sure you know the rules of the game and always follow them.

Here’s a list of books you should consider, at least read half of them

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea

How to Trade in Stocks, Jesse Livermore

Millionaire Traders, Lein Schlosberg

One Up on Wall Street by Peter Lynch

Reminiscences of a Stock Operator, Edwin Lefevre

The Disciplined Trader, Mark Douglas

Trader Vic-Methods of a Wall Street Master, Victor Sperandeo

Trader Vic II-Principles of Professional Speculation, Victor Sperandeo

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Our approach

Our approachWithout agile42 I doubt that our department would have made any further progress towards agility, possibly the other way around. agile42 gave us the foundation to make the change sustainable.

Christian Beck, Agile Coach and ScrumMaster, MeVis

The experience and professionalism of agile42 during the analysis and optimization of our corporate structures helped us to become faster and more effective in achieving our aims.

Marco Kisperth CIO, Hypoport AG

We have finished this morning the 2nd sprint demo and retrospective: The Velocity of the team raised 2x compared to the 1st sprint. Enthusiasm is very high, collaboration and communication is great.

Damir Prusak Ericsson Nikola Tesla d. d

From one day to another, my work became more fun, more challenging and much more motivating. It was a great and pleasant experience to work with agile42.

Franz Ivancsich PO, Hypoport AG

The clear and easy to understand processes of Andrea Tomasini (agile42) helped ASDIS Software AG to increase the "Go to Market" by approximately 50%.

Mario Pelleschi CEO, ASDIS Software AG

Clear focus for the development team, more efficiency, and higher output.

Niels Verdonk VP Development, eBuddy

Thanks to the professional consulting, trainings and coaching of agile42 we start with a high motivation and improved productivity into 2009

Andreas Bytzek CDO, der heisse draht (DHD24)

Through the work and coaching of Andrea Tomasini, I experienced a change in my mindset: from a project manager who has to control everything to a product owner, who is a servant leader to the customer and the team, so that the customer gets what he wants while SCRUM can unfold it's boost in efficiency.

Franz Ivancsich PO, Hypoport AG

With the integration of all the project stakeholder, the substantiated and praxis based knowledge transfer, the individual Scrum Team Coaching and the use of Agilo for Scrum, agile42 was able to exceed optimal results. The motivation in our teams increased and we generate a much faster ROI.

Gotz Bernhardi CEO, Princeton Financial Systems GmbH

Our Approach

At agile42 we are experts in helping organizations of all sizes and from all industries to successfully adopt agile methods. Depending on your needs we can guide and support your company through an Agile Transition as well as support your teams in using Scrum, Kanban or Lean. We introduce proven practices and, more importantly, we help your teams understand the principles behind the practices. Instead of presenting you with a predefined blueprint, we help you in setting up your own way of working Agile. We enable you to find your solution and optimize your processes through retrospection and continuous improvement.

Local/Small Business or Enterprise?

With a full range of agile42 coaching tools and training we are able to partner with customers of all sizes, helping not only their transition towards Agile, but also in the overall growth of their company. Since different companies and teams have different needs when transitioning to Agile, we work closely with these companies to define their needs and structure our coaching accordingly. We have successfully coached and trained all types of companies - from large multinational organizations like Siemens and Ericsson to medium size companies like Ableton and Chip as well as new startups like Babbel, Juwelo or eBuddy. See our References section to learn more.

Agile Principles

Our approach is firmly based on the Agile Principles. We are not dogmatic in our approach. Instead we use those agile tools and methodologies which are most beneficial to our clients in their particular situation. We believe that Agile is the best way to achieve the desired goal of making organizations more predictable and flexible in their approach to work. We use the whole range of agile methodologies as opposed to a single one-size-fits-all method. Our unique practices and tools allow us to scale your transition in the best way for your organization.

How to Make a Successful Agile Transition (End-To-End)

To guide your agile transition, we use our Enterprise Transition Framework ™ (ETF), which is based on an end-to-end approach and a proven set of coaching tools and training modules. The Enterprise Transition Framework has been developed over the years on successful projects with companies of different sizes and sectors. Our experienced Agile Coaches will help your company understand the impact of the change and track the progress of that change as you move towards your defined business goals. To enable a long-lasting and sustainable transition, your organization will need to develop internal coaching capabilities. To this end we have developed the Team Coaching Framework ™ which accelerate your coaches’ learning and help your organization to scale Agile effectively from the bottom-up as well as top-down.

4 Steps to Become Agile

Sustainable Quality and Continuous Improvement

You can't buy Agile. Moving to an Agile way of working requires a shift in mindset and practices on many levels. People need to communicate differently; collaboration between teams will change; and managers will have to become Agile leaders. Our focus is on the business success of our customers, our coaches have seen and supported many companies in becoming Agile and can quickly recognize gaps in the system, communication failures and technologies that might be posing problems.

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Related Reading

Agility is often misunderstood and misinterpreted. To understand what's behind agility, you need Agile Reading Glasses

Transforming Corporate Managers into Agile Leaders

Over the past 5 years agile42 has been working helping many companies to successfully convert into agile organisations

Plan your triathlon season like apro

Plan your triathlon season like aproPlan Your Triathlon Season Like A Pro

Professional triathlete Jesse Thomas explains how he tackles the task of planning a triathlon season.

When I sit down at the beginning of each year to plan my schedule, it always feels daunting. There are just so many options—70.3s, Rev3s, Challenges, 5150s, HITS, local tris, The Thomas Family Beer Mile Series, the list goes on and on. Should I race late, early, how far away, how much does it cost, when’s that family reunion again? But just before my eyes go crossed, I calm myself by creating what my wife says I use to solve every single question I face — a gigantic Excel spreadsheet. ?

While there are probably differences in planning a schedule for a pro season versus an age-group season, I found that the basic methodology I use (and spreadsheet template) was applicable to just about any level of triathlete. So in my desire to help you avoid the mind-bending task of scheduling a season, let me walk you through how I planned mine in the hope it can help you plan yours.

1. Start with your “North Star”

Every season plan should start with your primary goal, or “North Star,” as my coach Matt Dixon puts it. This could be anything from winning your age group at Kona to finishing your first Olympic-distance race. This is the anchor of your season and everything is built from the ground up around that goal. For me, in 2013, that’s the 70.3 world championship in Vegas. So when I started writing my plan, I put Vegas on the plan first and everything else filled in from there.

2. Divide and conquer

For me, an ideal lead-up to my goal race is a 10–14-week solid training block with one to two races to ready the system. If it’s much longer than that, I’ve found that my body simply can’t sustain a peak level of fitness. That means this year I want to start my final build around the end of June/beginning of July. Now, I’m certainly not going to wait to be fit and racing until July, so this is where I divide my season in two, and schedule a mid-season break for the beginning of June (see my September 2012 column about the importance of a mid-season break so you don’t turn into the frozen liquid-metal guy from “Terminator 2” and explode). If you’ve got important family and/or work commitments at one point in the season, it makes sense to try to schedule your mid-season break during these times. As you can see from my schedule, I use my mid-season break to accommodate a little thing I’ve got to deal with in June.

With my mid-season break scheduled, I now have the time frames created for the “first half” of my season (up to the beginning of June) and the second “championship” half of the season (July through September). Each half-season is 12–14 weeks. I will create a similar racing and training pattern for both halves, but for the first half focus on base training and simulation racing, while the second half will be dedicated to sharpening up and preparing myself for my ultimate goal.

3. Goal simulation race

Now that the basic time frames are established for both halves of my season, the first event I add is a “goal simulation race” at the end of the first half. Ideally, this race contains all the important aspects you’d like to simulate for your goal race—competition level, terrain, climate, travel, finishes near a Cheesecake Factory, etc. Looking at the available races, I chose Rev3 Quassy. Like Vegas, it’s hilly, a non-wetsuit swim, and while it’s not nearly as dry, it can still be fairly hot and it attracts a great field. Finally, it’s 14 weeks before Vegas, so it’s perfect timing to take a mid-season break right after it, before a final build into the championship part of my season.

4. Tune-up race

Working backward from my goal race, the next thing I add is a tune-up race. To me, that means a solid race four to six weeks ahead of my goal. Ideally, that’s a good effort race, but with a little less pressure, and it leaves enough time to test, evaluate and make a few adjustments to my training before going into the final stage of the season. Looking at the magic spreadsheet, I plopped 70.3 Boulder in for my championship tune-up. Then, since I want my first half-season to mirror as closely as possible my second half, I plop Wildflower in (four weeks before Quassy) to simulate a similar cycle. Plus, Wildflower has a naked aid station.

Every season should start with a rust buster. Ideally, this is a shorter race with relatively easy travel and something you can use as a low-pressure and fun way to open your season. For me, Escape from Alcatraz fits perfectly into this scenario. It takes place much earlier this year (March 3), is Olympic-ish distance, and close to home. It also means a post-race beers-and-burgers reunion with my San Francisco buddies. Checkmate. (Editors note: This article was written before Escape from Alcatraz took place. Thomas finished third. )

With those five steps, you have the skeleton of your season. Depending on your experience level, budget and time available, you may or may not fill it out with some more races. Here are some other factors I consider:

Supporting local races

For some of you, the local tri might be your North Star; others might find it difficult to fit into their race schedule. In either case, it’s important to support your local triathlon community. These smaller events are the heart and soul of triathlon, and provide a critical low-cost, low-pressure introduction to the sport. In years past, I’ve used local triathlons as not only rust busters but even training races. When I first decided to try to become a pro triathlete, I raced the Beaver Freezer (yes, that’s actually the name) in Corvallis, Ore. one of the largest pool swim races in the country. I’ve also raced the University of Oregon Triathlon Club’s Duck Bill Thrill outside of Eugene, where my race plan actually involved specific intervals. This is a great way to give your body an excellent workout in a race-type simulation where you can get valuable feedback without the pressure of expectations. Other local events to think about are tune-up single-sport races. Last year, I raced in a local swim meet (and got crushed by a 14-year-old girl, see my June 2012 column), did the swim-only at the Rolf Prima Tri at the Grove, and even did a local cyclo-cross race all as training events to support the local scene and hang out with buddies.

Doing races you like

I have a few other races on my schedule not because they fit perfectly into the plan, but because I love them. Oceanside 70.3 and Rev3 Portland are examples. Oceanside has a wetsuit swim, hilly bike course and generally cool conditions—me likey. Rev3 Portland is, well, in Portland. It’s the only professional prize purse race in Oregon, and I definitely feel a sense of pride (and responsibility) to represent. Plus, the bike is insanely tough, technical and super-duper fun. Other reasons to do a race are because your friends are going, you have family in that area or you like the name (e. g. Poconos 70.3).

Learning from your screw-ups

Something I always think about when planning my season is what I did wrong in previous years, and then I try not to do that again. I know—genius. The mid-season break is the result of a previous mistake. In 2011 I learned after three incredibly unsuccessful attempts that I can’t race two weeks in a row. This year, though it pains me to say it, I’ve removed Rev3 Maine because even though I had a great race there in 2012, I believe that the travel and physical (and emotional) effort contributed to a subpar performance at Vegas. It’s tough to give up something you like, but sometimes those are the sacrifices you have to make in pursuit of a bigger goal.

Remembering that plans aren’t permanent

One thing that’s key to remember is that after you create your perfect plan, take a step back and realize that it’s highly unlikely you’ll stick exactly to it. Plans change. Injuries and illnesses crop up, your little brother has a shotgun wedding on race day—it happens. That doesn’t mean the plan isn’t important. It allows you to understand how a change might impact your goal, and shows you how to best adapt to stay on target. Remember that when life happens, your plan doesn’t dictate what you should do; your plan is one thing to consider when listening to yourself, your body and your wife.

Ultimately a combination of using all these tools will best set you up for a successful pursuit of your North Star. Good luck with your season!

Jesse Thomas (jessemthomas ) is the 2011 and 2012 Wildflower Long Course champion. He lives in Springfield, Ore. and is the CEO of Picky Bars (Pickybars ).

More Triathlife from Jesse Thomas.

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