Ahhhhhh, Goals. Gotta have 'em, gotta love 'em.

A most important step in goal setting is to write down on paper what you want to achieve. Your mind's "eye" will then see this goal and trigger your subconscious mind to work towards this goal 24 hours a day without you even realizing it.

Take your large, long range goals and break them down into a series of short range goals. Take baby steps, one day at a time. Don't bite off more than you can chew. I'm sure that everyone here is probably familiar with these goal setting concepts, as I've found that traders are an extraordinary bunch of people, already successful in some other endeavor.

So, what is our plan(goal) to make $100,000 in one year?

Assuming that we have some experience trading already and have achieved the first goal that Erich has set for us, which is to make $250 per week consistantly for three months, we'll move forward. My plan is as follows.

Become an expert in a small number of markets, learning all of the nuances of each. Become successful paper trading each one before committing real dollars. Have a trading plan written down and follow it strictly, you have to have your rules.

We'll start out trading one contract in four markets making an average of $250 per week in each one. Or an average of $1,000 per week overall. Of course, you win some, and you loose some.(we all know that!). We do this for 16 weeks, giving us $16,000.( 1 x 4 x $250 x 16 = $16,000)

The second phase is to now trade 2 contracts in each market, still shooting for $250 per week in each. Do this for another 16 weeks. Hopefully we'll bank $32,000. (2 x 4 x $250 x 16 = $32,000)

Phase three is now to trade 3 contracts per market(4) for 16 weeks, averaging our $250 profit per trade, giving us $48,000. (3 x 4 x $250 x 16 = $48,000).

We now should have reached $96,000 in 48 weeks, with a month to spare. This is close enough for me.

So, that's my plan. I'm going to try my hardest to implement it this coming year!

Great trades to everyone,

Dave