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Hirschhorn: Achieving Greatness

Everyone can achieve inner greatness. The key is to set goals. And while that may seem obvious, there are very few people out there who understand how to do this properly. For that reason, I've created a five-step process called C.H.A.M.P.

Video: Market coach Doug Hirschhorn, PhD, discusses what it takes for traders and any other professional to achieve greatness.

C is Controllable. No one can control everything that happens to them, but you can set goals that are entirely within your control. That said, money goals are not what I'm talking about here.

H is Hard. Goals should not be easy. Rather, they should challenge and push you to the next level.

A is Accountable. You either have to answer to yourself or allow someone else to hold you accountable.

M is Measurable. Make sure you're able to quantify your progress along the way. It's the best way to keep your eye on where you're going.

P is Positive. Your approach should be positive. Think about what to do and avoid telling yourself what not to do.

By following this simple, five-step process, you can find your internal level of greatness in whatever you do.

Think better, invest smarter.

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Doug Hirschhorn is the chief executive officer of Edge Consulting, a firm specializing in “Peak Performance Coaching.” He holds a Ph.D. in Psychology with a specialization in sport psychology, and has offices in New York and South Florida. His client list includes elite athletes as well as many of the largest banks, hedge funds and financial institutions in the world. Doug is presently at work on his new book, 8 Ways to Great (Putnam, 2010).

Have a question for Doug? You can reach him through his Web site, DrDoug.com

Disclaimer: Doug Hirschhorn's expertise is in the psychology of achieving peak performance. He is not a financial advisor and does not make trading or investment recommendations or provide trading or investment advice. He is an expert on the mental game. Although Doug Hirschhorn has a Ph.D. in Psychology with a specialization in sport psychology, he is not a licensed psychologist and does not provide therapeutic, clinical or counseling services.