Time is Money: Discipline and Accountability

One problem new traders frequently face is the issue of time. With other responsibilities and obligations scrambling for their place in the schedule, traders often feel overwhelmed at the thought of devoting time to a new venture. But never fear!

We at the Apiary Fund are here to debunk two myths—First, that you don’t have enough time, and second, that trading requires too much time. As far as a lack of time goes, we’re all given the same 24 hours per day.

How those 24 hours are spent is up to you! Any opportunity to improve your lifestyle will require some time and effort, so here’s a question to ask yourself: Are you willing to put in that time? Are you wasting your time, or investing your time wisely?

Don’t get us wrong—we would never say that a person should spend every waking moment at work. After all, all work and no play makes Jack a dull boy!

Besides, a lack of time usually isn’t the real problem.

It is, however, indicative of the problem: a lack of focus and discipline. But this is nothing new to us at the Apiary Fund! Whether it’s risk management or time management, we stress discipline in trading! Many of our traders are part of the Trading Partners program, in which an experienced trader and a not-so-experienced trader work together. This program is very successful due to the fact that discipline and accountability often walk hand in hand. Improvement drastically increases when you set and report goals with another person! Further in this vein, the Apiary Fund is currently designing a new Trading Groups program to promote discipline, mutual support, and accountability.

This concept is by no means new. In fact, you probably already know about it! Most of us have trouble setting aside time for regular exercise, but when you commit to go to the gym with a friend, or a group of friends, you’re much more likely to go! At the Apiary Fund we believe that if you make your trading not only a commitment to yourself, but also to others, you’re that much more likely to succeed! If you’d like to learn more about the Apiary Fund’s Trading Partners program, feel free to give us a call at 1-801-701-1650 or email us.

About Tom

Tom Lund is the Content Manager at Apiary Fund where he began his career in 2012. He creates and edits the educational material that Apiary Fund uses to train new foreign exchange traders. Lund researches and writes the investing news and tips for the Apiary Fund blog and website. He graduated from Brigham Young University-Idaho with a bachelor’s degree in English.

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One Response to Time is Money: Discipline and Accountability

  1. Daniel April 4, 2013 at 8:17 pm #

    This is but another awesome piece from all of us here @ apiary fund…..ENJOY!