I discovered Getting Things Done a few months ago and like many people have implemented a unique blend of its recommendations into my life. Although the philosophy does help you literally get things done, the most valuable benefit from using the system in my mind is stress removal. The stress that I was able to rid myself of was not “jump off a bridge” stress, but the stress of remembering what tasks I had to do – stress I didn’t even realize I had.
There are few activities that require more concentration, hard work, and discipline than that of stock trading. The market is a beast that can reward as well as crush you. Many traders quickly turn into obsessive tape watchers with real time stock quotes streaming from pre-market to market close. The stress that comes from this type of obsession can range from roller coaster emotions of normal price fluctuations all the way to psychological addiction.
It doesn’t have to be this way. I’ve developed a trading style by pulling from various sources: the Investor’s Business Daily, the GTD philosophy, and tons and tons of books on the market. Here are some guidelines that I’ve come up with to apply GTD techniques to trading the market. I’m in no way suggesting you should necessarily do the same – I’m just pointing out what has worked for me.