I had a couple of losers last night. I will post them later.

I would also like to mention I had some interesting emails on my post concerning my Business Plan and compound interest.
I'd like to repeat my 2yr plan which takes priority of becoming a competent and successful trader with making money a secondary effect. Some people misunderstood the 3yr Business Plan and it's relationship to my 2yr short term goals. The short term goals are centered around being a successful and competent trader. The Business Plan merely dictates and helps me measure and gauge my profit along with how i must adjust my leverage at a rational rate so that I can feel comfortable trading several hundred 100mini lots and not be inappropriately leveraged or emotionally attached. The 3yr plan i posted was merely an example, but the core of it was small gains averaged out like 15pips a day is a good measurement of success, thus reducing many pitfalls such as over trading or entering at the wrong times.


2yr short term goals
1. To trade for a living
2. To be able to have a number of systems that can trade any market whether trending or ranging. Scalp, Spot, Swing, Position. knowledge of all and used appropriately accoring to the conditions.
3. To be able to identify, transition and employ what type of trading system is necessary with in a few minutes of studying a chart. Along with the money management necessary.
4. To understand the fundamentals that cause coorelation and those which move the markets while being able to capitalize on them.

Another version of the 3yr Business Plan showing variations in % risked and amount used for income. I have more in my accounts, but this helps illustrate compound interest and scalability.

starting balance 5k
1st yr - 3% max risk - $212000 acct - 0 income
2nd yr - 2% max risk - $2.16m acct - $265k income
3rd yr - .5% max risk - $5.3m acct - $273

Again this is merely an illustration of compound interest I use it to help me stay on track.