Sunday, September 21, 2008

My 10-Year Plan

Year 1
2 contracts ES or 1 contract ER2

10 Points a day
Trading Window: 7am EST - 9am EST, 10am EST - 12pm EST, 2pm EST - 4pm EST

$1000/day
$5000/week
$20,000/month
$200,000/ year

$100,000 for D
$100,000 for me

Swing trade other e mini futures that are trending

Year 2
4 contracts ES or 2 contracts ER2

20 Points a day
Trading Window: 7am EST - 9am EST, 10am EST - 12pm EST, 2pm EST - 4pm EST

$2000/day
$10,000/week
$40,000/ month
$400,000/year

$200,000 for D
$200,000 for me

Swing trade other e mini futures that are trending

Year 3
4 contracts ES or 2 contracts ER2

20 Points a day
Trading Window: 7am EST - 9am EST, 10am EST - 12pm EST, 2pm EST - 4pm EST

$2000/day
$10,000/week
$40,000/ month
$400,000/year

$200,000 for D
$200,000 for me

Swing trade other e mini futures that are trending

Year 4
4 contracts ES or 2 contracts ER2

40 Points a day
Trading Window: 7am EST - 9am EST, 10am EST - 12pm EST, 2pm EST - 4pm EST

$4000/day
$20,000/week
$80,000/ month
$800,000/year

$400,000 for D
$400,000 for me

Swing trade other e mini futures that are trending

Year 5
Find a job in Hong Kong, find a place to live.
Continue trading 10am EST - 12pm EST window
Swing trade e-mini futures that are trending
Start writing books on 1)my trading journey and on 2) empowering women to find happiness in being alone

Year 6
Visit Spain, Italy, Greece and Israel
Find a career in Hong Kong
Continue trading - focusing on swing trading
Continue to write

Year 7
Continue working in Hong Kong
Continue trading
Continue to write

Year 8
Continue working in Hong Kong
Continue trading
Continue to write

Year 9
Continue working in Hong Kong
Continue trading
Continue to write

Year 10
Continue working in Hong Kong
Continue trading
Continue to write

Year 11 - 47 years old
Retire from work
Continue trading
Look for a quiet city to live permanently
Focus on writing

RULES

NEVER trade more than 4 contracts of ES, or 2 contracts of ER2 per trade
NEVER trade against the trend in swing trading
NEVER set up a business
NEVER love
NEVER teach

9 comments:

FX said...

"NEVER love" wtf!?

Maybe better - love again.

Jules said...

:-)

I'll not stopped loving my charts, FX.

LOL!!!

Jules said...

Maybe my little feline friends too :-)

cory said...

you should know by now, that is not a trading plan.

Henry said...

And Never say NEVER again!
Things happen for a meaning in Life!

Cheer Up and Get Well...you must be down with a flu!

Henry

Jules said...

No, Cory, that's not my trading plan.
It simply gives me an idea how much to work towards on a daily, weekly, monthly and yearly basis. I call it a plan for want of a better word (virus ate part of my brain).

Jules said...

Yes, Henry, I did some surfing on my most trusted medical websites and self-diagnosed that it was gastric flu.

And since it's a self-limiting virus, I decided to let the colony kill itself (unnerving, isn't it, that it sounds so much like our own kind?). Suppose to take 3 days to a week. But it seems like this colony that started feeding off me was really out to get its own kind and went kaput in a mere 3 days!

LOL!!!

I'm fine now, thanks :-)

HPT said...

I use to have goals like that. Not anymore. Trading is like fishing. You take from the sea what you can catch. Having a bigger boat doesn't mean you will catch more fish, what matters most is finding the best spot to fish and taking full advantage of it.

Jules said...

It's still my dream, HPT :-)

The fact is, the goal is actually a hindrance. I'm so demoralized I can hardly trade ES now. In fact, I hate it. Without the 1k per day goal, at least I didn't hate it.

I like your analogy, although I do think that having a big boat would definitely motivate one to focus on searching for the spots (like the teams that go out to get Alaskan king crabs?) that are likely to give him lots of fish :-)