Sunday, November 10, 2013

Forex Plan

Goal: To make $40-60K by April 2014

Strategy: Every week I will look for trades to invest in and scale my trades to get the maximum leverage.I will trade approximately $15 per pip with the goal of 50 pips per week, per trade. With a maximum of 5 trades at one time. Which will net approximately $60K in 5 months or $120K per year.

Tactic:

  • I will trade the daily chart and look for TWP setups.
  • I will check contrarian indicator ssi on daily fx for confirmation
  • I will also trade price action and look for trend and reversal set ups. 
  • I will always trade with the trend.
  • I will always use a stop loss.
  • I will use my money management plan to not over extend myself. 
  • I will use a combination of TWP newsletters, LTT recommendations, and Daily FX for suggestions. 
  • I will use a trade checklist to ensure optimal entry and exit. 
  • I will log every trade in my trade journal and review my wins and losses to improve my skill to a mastery level. 
Process: 
  • Every Sunday and Monday I will gather suggestions and research potential trades.
  • I will make my trades when it meets all my criteria.
  • I will log my trades as they are made. 
  • I will review my wins and losses every week on Sunday and write down my lessons in my trade journal. 

Friday, November 8, 2013

Goal Triangle

There is 3 Levels to Success:
  1. Knowledge
  2. Experience
  3. Mastery
       Pyramid
  • Goals
  • Strategies and Tactics
  • Habits
  • Beliefs
  • The Big Why


Love, Support, Guide my Boys.

I want my kids to always feel loved. I want them to understand and know I will always be there for them and support them in all stages in their life. I want to create the type of family where they don't want to leave home, but when they do, they always love to come back.

Treat my wife with Loving Kindness

I want to treat my wife with a deep loving kindness. I want to be a good listener, and be there for her emotionally.I want her to be able to look back at our life together and still feel in love with me. 

Forex Trader

I want personal and financial freedom. I want to support my family doing something I love. I want the freedom to travel, explore, create and learn. I want to give my family everything they could ever want. I want to pay for my kids college, let my wife stay home and take care of the kids.

190LBS at 10% Body Fat

I want to be in the best shape of my life. I want to feel all the benefits of endorphins from working out. I would look incredible and my confidence would be out of the world. I would look great naked and be sexy for my wife. I would be proud of my accomplishments. Look better, feel better, be better.

My Vision

When I picture the life of my dreams I see me working for myself and making a great living. I would be an investor and making things happen. I would also be teaching or doing some type of coaching. I would also be doing some creative work like speaking or writing. I would have a nice home in a quiet neighborhood. I would love my work, but I would also work hard, taking time off for vacations and family.