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December 04, 2024

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Hello, my friends!

As the year comes to a close, it’s time to redefine how you approach goal-setting.

Forget the traditional “start-to-finish” grind - let’s level up with reverse planning, a strategy embraced by visionaries like Elon Musk.

With calculated risks and a clear vision, Elon Musk has become one of the greatest entrepreneurs of all time, amassing over $300 billion through ventures that seemed impossible - until he mapped out every step backward from success.

Fun facts:

  • He Owns James Bond’s Submarine Car

  • He Worked 100-Hour Weeks

  • He’s Building a Brain-Computer Interface

  • Founded OpenAI

Start by imagining your ideal future. What does success look like for you by this time next year? You’re no longer reacting to life - you’re engineering your own success.

Let’s dive in!

Year-End Lesson💡

As the year winds down, it’s time to jump into traditional goal-setting. Instead of starting with where you are, let’s plan like a visionary by working backward from your ultimate journey.

1️⃣ Visualize your Ideal Future

Picture December 31 next year.

  • What does success feel like?

  • Be specific: Is it hitting revenue targets, growing your team, launching a new project, or personal milestones?

2️⃣ Map Your Way Backward

Start from that future vision and reverse-engineer your steps.

  • Ask yourself: What needed to happen in Q4, Q3, Q2, and Q1 to get there?

  • Break it down into clear, actionable steps.

3️⃣ Spot the Roadblocks

Every great plan faces challenges - plan for them!

  • What obstacles might slow you down?

  • Strategize solutions now to stay ahead of the game.

4️⃣ Set Milestones That Motivate

Break your plan into quarterly and monthly targets.

  • Acknowledge achievements, no matter how small - they’re the building blocks of greatness.

  • Inspire your team: Plan events or moments of appreciation to boost morale and supercharge performance.

The real question is, why will this be effective for business owners?

  • Goal-Oriented: Maintains a clear vision of your objectives, undistracted by daily distractions.

  • Practical Precision: Breaks down ambitious goals into manageable, actionable steps.

  • Adaptive Strategies: Prepares for obstacles with the flexibility to adjust and achieve success..

Using back casting, a strategic approach, ambitious goals are linked to actionable steps. For instance, Elon’s vision of colonizing Mars is connected to practical achievements like launching reusable rockets. Each milestone is a deliberate move towards realizing the larger vision.

Savvy Investors Know Where to Get Their News—Do You?

Here’s the truth: there is no magic formula when it comes to building wealth.

Much of the mainstream financial media is designed to drive traffic, not good decision-making. Whether it’s disingenuous headlines or relentless scare tactics used to generate clicks, modern business news was not built to serve individual investors.

Luckily, we have The Daily Upside. Created by Wall Street insiders and bankers, this fresh, insightful newsletter delivers valuable insights that go beyond the headlines.

And the best part? It’s completely free. Join 1M+ readers and subscribe today.

Impulse of the Day: Tesla (+2.63%)🗽

  • Tesla’s Market Cap Hits $1.1 Trillion
    A mega-cap leader in EVs and energy storage, Tesla dominates with innovation and scale.

  • Robotaxi Standardization Could Propel Tesla’s AI Advantage
    Regulatory moves may accelerate Tesla’s first-mover edge in autonomous vehicles.

  • Stock Momentum Outpaces Sector
    Tesla gained 66.9% in three months, crushing XLY’s 21.4% rise in the same period.

  • Long-Term Performance Shines
    Tesla shares climbed 41.4% YTD and 47.1% over 52 weeks, outpacing sector returns.

  • Musk’s Influence Drives Optimism
    Elon Musk’s leadership and alignment with U.S. policies boost Tesla’s growth outlook.

  • Q3 Results: Revenue Grows, EPS Climbs
    Tesla posted $25.2B in revenue (+7.8% YoY) and $0.72 EPS (+9.1% YoY).

  • Challenges for Rivals
    NIO Inc. struggles with a 48.8% YTD drop, underscoring Tesla’s competitive edge.

  • 347.5 (0DTE Highest Level of Put Gamma)

  • 360 (0DTE Highest Level of Call Gamma)

  • 347.5 (0DTE Positive/Negative Shift)

0DTE Levels are key zones of significant options volume that can drive increased volatility as expiration nears, recalculated daily based on gamma expiration, trading volume, and market volatility.

Interested in learning how I manage key levels in the market? Join the community!

We have exclusive monthly and yearly offers. Every plan is at your own pace.

Until next time,
Steve B
Founder, The Daily Impulse

Important Disclaimer:

This newsletter is for educational purposes only and does not offer financial or investment advice. It should not be taken as a recommendation to trade assets or make any financial decisions. Please be cautious and ensure you conduct thorough research or consult with a financial professional before making any investment choices.

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