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What are your future financial goals?

  • #21
  • Edited 7:29am Jul 15, 2017 3:14am | Edited 7:29am
Quoting Artcool
My goal is to make $1000 per day before the end of the year. I know I WILL make it because I am a very smart guy and I got really good intuitions. My progresses have been amazing since last months and I am consistently profitable despite some drawdown periods. I worked hard on my biggest flaw, which is lack of discipline and it will be definitely memory in the very short future.
Be careful with your pride mate. Some people overestimate theirself with time...

My goal with the highest priority was to be financial independent after school. Fortunately i had this goal when i had still a couple school years right before me, so i had enough time to follow my dreams when they told me it wasn't possible. And everyone told me this.. just don't listen to anyone of them! I reached my goals more and more and now i see envy in peoples faces. I am very happy that i started very early (also to work on other businesses).

I remember three years ago i was on my aunts (no contact anymore) terrace in her Frankfurt companies penthouse and her "banker" husband tried to ruin my dreams with his ignorance and frustration. Keep your dreams safe guys. People try to talk out your dreams and put you down!

I reached financial independence before i finished school (i repeat the last school year after summer because i had never time to be there).
My luck was that my parents are able to be my capital investors (without interest rates).
I am already financial independet with my current increasing account but at the end of 2018 i will have extra 100.000,00 € in additonal deposits.
PER YEAR 120 % (upward) average return

By the way, i am 19 y/o = no rent, water-, electricity bills = more money to increase equity
  • #22
  • Jul 15, 2017 6:49am Jul 15, 2017 6:49am
Quoting HeyYou
{quote} yes ideally I split the investment in order to sustain 5 losses and the 1000% refers to the total investment amount. I was abit high yesterday that's why the "optimism" in my post... this forum just drives me nuts!
when you get many times 1000% all 2 month for all your captital, then even with only 1000 usd start capital you have after 1 year 1 billion, i think this would be near impossible to hold this wins, maybe by luck you get it 1 time, or by wrong calculation. or maybe because you started with extrem small value from beginning.
  • #23
  • Jul 15, 2017 6:51am Jul 15, 2017 6:51am
Quoting HeyYou
{quote} btw that's the IDEAL goal.. it could take up to 20 years but in the end I will not lose more than 5 attempts, that would mean I have no edge anymore and I'm not interested in gambling . as The_Fool says, risk management is a priority if you want to survive in any business.
if you plan your max risk and can accept it, then plan is fine.
  • #26
  • Edited 10:11am Jul 15, 2017 7:57am | Edited 10:11am
Quoting Artcool
{quote} What a moron... You are just a 19 year old spoiled kiddie who won a couple of trades by chance and you think you own the world...thanks to daddy ...and thanks to that book bought by mom(how to become financial independent in 5 steps...) Let me tell you something, kid. At your age, you should keep low profile because you know nothing, absolutely nothing. Your dad will not be always with you and life will hit you hard in one way or another. Believe me. It happens to anyone. If you fight and survive, then you can pretend have learnt something and you may know your true value with time. There is no shortcut. In the meantime, please bring your "extra 100.000,00 in additional deposits'' offered by daddy... We need more losers like you in the forex market...
Quoting FairTrader
{quote} LOL Well, not a very polite answer, but so true
No it just shows how immature you are. I will not enter this conversation its BS. You don't know who i am and how much experience i have. Maybe i am even much better then both of you, we don't know. Take a set back. My return average is calculcated based on 3 years.

Quoting Artcool
{quote}Your dad will not be always with you and life will hit you hard in one way or another. Believe me. It happens to anyone. If you fight and survive, then you can pretend have learnt something and you may know your true value with time.
... You are TOTALLY lost what a argument don't be jealous the 100k is deposit in trading ( i get investments ). I get investments because i can proof my skills. Everything is going pretty good. I fought harder than most of the people for this.

I don't need my Mum or Dad for my finances at all! I have my own income stream. But i have a Dad and Mum that likes to support his son That's why i said capital investor (without interest rates), it's good, better be happy for me.

I learned everything by myself. Nobody in my private surroundings have to do with trading. I payed over the years for a lot of learning material by myself. I didn't took the advice of anyone... You are such a trash talker! I am young and successful. I smell too much envy but it kinda feels good


You are acting so embarrassing.
  • #27
  • Edited 11:17am Jul 15, 2017 8:06am | Edited 11:17am
Quoting Artcool
{quote} What a moron... You are just a 19 year old spoiled kiddie who won a couple of trades by chance and you think you own the world...thanks to daddy ...and thanks to that book bought by mom(how to become financial independent in 5 steps...) Let me tell you something, kid. At your age, you should keep low profile because you know nothing, absolutely nothing. Your dad will not be always with you and life will hit you hard in one way or another. Believe me. It happens to anyone. If you fight and survive, then you can pretend have learnt something and you may know your true value with time. There is no shortcut. In the meantime, please bring your "extra 100.000,00 in additional deposits'' offered by daddy... We need more losers like you in the forex market...
Quoting FairTrader
{quote} LOL Well, not a very polite answer, but so true
Especially you don't know ANYTHING what i have went through.. i can only laugh about this behaviour. You judge knowledge by age it's dumb. You don't like to see advices from younger people? Just because you didn't do sh.. in my age. I make money.

You should read my post again. Seriously you are acting embarrassing. Both of you.

Shame on you for this disrespect...
  • #28
  • Jul 15, 2017 8:17am Jul 15, 2017 8:17am
Quoting M.Goldstein
{quote} Glad to hear that mate Maybe you can be more specific about your average monthly / yearly return and equity? To understand how extensive your goal is.
Sorry I'm so late to this answer, but basically I trade a $5,000 account USD. So that would be my equity. I am going to give you the math without compounding, because I'm being lazy right now, but basically 308% per month, 4,000%/year. Again, this is just straight APR, not APY. Basically I am assuming that I withdraw my profits and do not grow my account a dime in my example. Otherwise, if you were to compound the percentage it would be much higher. I know that may sound ludicrous to most people, but hear me out. I do think that's attainable in the forex market. Maybe not every market, but in high leverage markets you can build a lot of wealth quickly because of the high leverage. You have to think ROE (return on equity) not ROA (return on assets). With 50 to 2000, or 3000x buying power, you can hold a ton of positions at once and with a profitable strategy, that means you will multiply your wealth exponentially faster, even if you are only risking a small amount on each individual trade. Now your drawdown risk is higher, because you could also lose more than one position at a time, but nobody said it was going to be easy
  • #29
  • Edited 2:38pm Jul 15, 2017 8:27am | Edited 2:38pm
Quoting dukas_trader
{quote} when you get many times 1000% all 2 month for all your captital, then even with only 1000 usd start capital you have after 1 year 1 billion, i think this would be near impossible to hold this wins, maybe by luck you get it 1 time, or by wrong calculation. or maybe because you started with extrem small value from beginning.

lol no I'm not delusional, I plan to withdraw profits each time I reach 1000%, ideally it will happen within two months... of course it can be 3 or 4, I have a job so I don't really care how long it will take... the important for me is that I enjoy what I do. I don't see anything wrong with being lucky, but I don't rely just on luck as I implement a statistical edge in my strategy. this is my style, it works for me since I don't deal with big losing streaks and boredom etc. etc.
  • #30
  • Jul 15, 2017 8:34am Jul 15, 2017 8:34am
Quoting HeyYou
{quote} I don't deal with big losing streaks and boredom etc. etc.
Good for you. That's why I stopped trading lower time frames. It's the best thing I have ever done and turned my results around for the better. It stopped me from being able to boredom trade and revenge trade which immediately affected my results for the better. My win percentage went up and my drawdowns went down. Everyone has a different style, but I'll leave the M5 and M1 charts to the scalpers. It was disaster for me.
  • #32
  • Edited 10:12am Jul 15, 2017 8:42am | Edited 10:12am
Quoting FairTrader
{quote} Grow up! Dont be a braggart. Be humble.
Are you serious right now? Don't you have any thing else to do? I did not braggart.
Whats wrong with you? Leave this thread seriously and grow up finally! Actually it's too late for you already.

Do not make a fool of yourself, feel free to PM me coward you just feel big because you have a higher rank in a forum but it will not help you in any way.

I will not post any specific details anymore. I learned from brainless people like this fool right here. I am humble believe me.
I am down to earth. Even much more than you are. You think so much about yourself. And not even in this Forum it helps you.

You are ridiculous...!
  • #34
  • Edited 9:24am Jul 15, 2017 8:50am | Edited 9:24am
Quoting FairTrader
Hidden
You will never get it. I feel sorry for you. Also reported some posts. I will not go down to your level.
Bye.


What a lost soul...
Happy that you spammed my thread now?
  • #35
  • Jul 15, 2017 9:10am Jul 15, 2017 9:10am
My goal is to quit my job. So, my financial goals are to save every $ for my Account and to make 10-50% p.a. for the rest of my life.
  • #36
  • Jul 15, 2017 9:13am Jul 15, 2017 9:13am
Quoting Wachturm
My goal is to quit my job. So, my financial goals are to save every $ for my Account and to make 10-50% p.a. for the rest of my life.
I wish you success!

Auch mal ein Deutscher hier sehr gut
(German)
  • #37
  • Jul 15, 2017 9:19am Jul 15, 2017 9:19am
For me the first goal is to pay back the cost of learning to myself. When I started out I found a strategy in which I saw potential to have an edge. I have savings from earlier ventures, so I decided I'll concentrate solely on trading. This was easier at first, because at the beginning I was still living at home while I was studying at university, but when I finished I moved out, and that started to drain my savings slowly.

I wasn't really ever losing in trading, in the first 1,5 years I was a breakeven trader, but the cost of living put some drawdown into my savings after I moved out. The strategy I learnt needs a lot of experience, because it is very subjective, but around this spring I slowly started to come out positive. At this point I'm paying back myself the drawdown.

Simultaneously I made a plan about the way I'll increase the lotsize, this plan has 8 steps at the moment, but I might extend it later. After I pay back myself and my savings are all green, I'll start rotating back everything into trading, and compound it like crazy. I'm renting this room now until August 2018 and living with two other guys, but I like it here, so I'll put my ego on the side, and keep living this moderate lifestlye I have.

In the meantime later I also plan to apply at Topsteptrader for the 150,000$ funding. After these it is not clear how I want to proceed, but definitely want to keep moving up and build a considerable wealth.
Price and volume reveals everything. The market moves on supply and demand.
  • #38
  • Jul 15, 2017 9:31am Jul 15, 2017 9:31am
Quoting M.Goldstein
{quote} I wish you success! Auch mal ein Deutscher hier sehr gut (German)
Thanks man. Same to you.

The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it. -Michelangelo
  • #39
  • Jul 15, 2017 9:45am Jul 15, 2017 9:45am
Quoting Darastonius
compound it like crazy.

hahahaha I love it, it sounds soooo good


lets make it our mantra

"compound it like crazy."
"compound it like crazy."
"compound it like crazy."
"compound it like crazy."
"compound it like crazy."
  • #40
  • Jul 15, 2017 11:26am Jul 15, 2017 11:26am
Quoting Wachturm
My goal is to quit my job. So, my financial goals are to save every $ for my Account and to make 10-50% p.a. for the rest of my life.
That's a great goal. That was mine and I did it a couple months ago. It's really scary for most people to leave that safety net, but for me it's knowing that my back is against the wall that brings out the best in me. A safety makes me too comfortable and I don't work as hard as I should.
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