Thread: Your Goals
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Old 10-17-2007, 06:46 PM
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Interesting topic fellows. Everyone should set a goal. What a person's goal is as we see here varies widely. Johnny G your goal is perhaps the easiest as far as the total dollar amount.

Let's assume you trade 250 days out of the year. (52 weeks - a 2 week vacation) * 5 days a week = 250 days. Now let's assume a minimal $2k investment to start with and for the sake of argument you are capable of maintaining a 1/2 of 1 percent daily gain on your investments. Let's also say that you only invest 80% of the equity each day. Well in 8 1/2 years you would have 64 million dollars, just a tad more than you wanted. Keep in mind that you are compounding your equity each day, because your equity grows each day.

Alex, using the same scenario as above. In order to make your $9K you would need to raise your daily rate of return to about 7/10 of 1 percent.

Of course using Rob's daily return he would have $19k within a year.

Whatever yours or my goal maybe, as long as we keep them realistic yours and my equity will continue to grow.

BTW JohnnyG keeping with the same scenario I described for you, it would only take 5 years for that first million.

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