In order to achieve my $100,000.00 goal for the end of next year I first need to calculate the minimum amount I need to put in the bank each month on average. For a ten month period I will need to bank $9000.00. For an eleven month period I will need to bank $8181.81, and for a twelve month period I will need to bank $7500.00. Add these amounts to the original ten grand I started with and I will have 100k by the end of next year.These amounts need to be my net profit after all losses, fees and commissions have been deducted. For myself this must include,
-brokerage fees
-data & charting costs
-THT subscription
-Hot Comm fees
-cell phone costs
I have a picture of a guy climbing a mountain that is on the wall above my desk. On the bottom it reads, "GOALS" First ask yourself, what you want; then you have to do it.
Brian B.