My plan for my financial future?
I just turned 20 years old and i’m broke. Well i have 400 in forex trading and 200 in poker and 300 in the bank. I will be making 6000 a year while at school next year. My plan is to start a stock market trading/short term investing account Swing trading to be exact. I will add 500 a month and aim to return 5% a month which in the past 5 years managing a virtual account has proven to be a good realistic target Ofcourse some months may be better and some worse, but what i learned from a few blowups in forex was that risk management and cutting your loses should be the main goal in trading. Find a trend and sticking with it when its going your way is easy… its the emotional rollercoster of being wrong thinking your right that will blowup an account faster that sept 11. Anyway thats my plan for the next 2 years i should make a total of 12K just working and im shooting for 20K total in 2 years total time from now. Then the following 3 years im aiming for 100K. Then the next five years to make my first million. Then by the time im 35 i want to have around 7-10 million. I know this is a big plan but im super confident in myself and my trading. Its what i love and if i fail at this then theres no point in living anymore for the past 6 years this is what i felt deep down inside to be inspiring and for me.