Staying on Track and Pushing for More...

[brownsfan019]

More good stuff guys.

Some ideas to think over. I may look at some sort of additional revenue source to go with the trading I am already doing. We discussed some ideas in this thread and maybe that's where I need to take this ideas.

Or I may set some goals as James suggested with certain things. That would give me a few things to reach for.

Here's a TOTALLY ABSURD long-term goal... become an owner in the Cleveland Browns. I know, totally crazy and would require vast sums of money. But... where there's a will, there's a way... You only live once, right?

[james_gsx]

That's a good goal, but it's not so smart to own a declining asset like that

[brownsfan019]

	Quote:	james_gsx
	That's a good goal, but it's not so smart to own a declining asset like that

[maildigger]

Why would you want to trade more products and generate more trades? If you're good in what you currently doing ... don't change. If you want more $, use more capital/size.

[walterw]

Certainly aiming high is a good way to go... not for everybody, it all starts in your mind... but embracing a high level project creates the motivational conditions to do that extra work, be it adding more volume to your regular trading, wich its not easy, or adding a new trading platform to your menu...

But I am convinced that if you are going to do it just for doing it, it doesnt happen, you need a good motivation... but it sure breaks the rutine, its exiting, thats my research experience on forex so far, I am very exited ¡¡ its taking me more long than planned but its going... cheers Walter.

[TacTrader]

Does it have to be trading? How 'bout real estate, backing a business of some sort, maybe heading up some philanthropic project to make your community better..these are all things that could fill your need for setting goals, and at the same time be something different from trading so as not to "burn" you out.

FWIW

Stephen

[BlowFish]

I have a soft spot for real estate. Guess now is not the best time to start scaling in! I really should be scaling out but London seems to be holding firmish. A subject for another thread.

If you are really confident that your intraday strategy is on track why not trade more contracts as your account size grows. Basically risking the same percentage? Exponential growth is fearsome. Simply averaging 2 ES points a day and risking 2% of a 10k account starts making millions in less than a year (from memory easy to crunch numbers in excel). Of course most people hit psychological walls as they trade more contracts on each trade. Still there's a challenge for you. I always used to have a longer term ambition to trade 100 cars (ES) without emotional overload. Of course have rules for taking chunks out so you can buy the Browns!

How about setting some capital aside for swinging some other instruments? Go on, I know you want to from your contribution to other threads

[Sledge]

BF-
Going tp probably resurect this thread- but hey, it is a good one for more people to chime in on. By now you probably have figured out what else to do in order to get your mojo flowing.

I think the goal is to be successful and accomplish the things you want to do. For example- my goals are:
1. Eliminate all college loan debts of my wife and myself (mine is now gone)
2. All cars paid for (my truck is now paid for)
3. Make my Mortgage-- a thing of the past.

You may already be there- if so, congrats- owning an NFL team is surely a larger goal than my own at this point in my trading career. After completing 1 through 3, I would like to pour money into the house and making it the way we dream of, saving for kids college education and having disposable income to not "worry." The freedom of no boss, no job- no quota, is an always prevalant mindset.

Other than that- I personally just want to live, want to escape the rat-race. But I'm a faily simple man- I drive a plain jane pick-up, live in a modest home, my tastes are more Timex than Rolex.

Maybe time is your answer: meaning, you trade enough to be satisfied one week or two weeks a month, the other time- you travel, play golf, scout NFL team members- whatever suits your fancy. Their is nothing in life more valuable than experiences of things you have lived, places you have visited, sights you have seen! With a nice balance of money and "living life" life itself can become very rewarding.

Remember: I have never seen a casket with a vault in it!
Sledge

[cowpip]

Alright Sledge... you did it - you resurrected this thing. And good for you. I hadn't noticed this thread until now.

Brownsfan, if making money trading is easy for you - and if you're bored, here's something that will consume your time until you die: Become a philanthropist.

Do some anonymous research and find a group that could really use some help in some way, then work your butt off and help them. The hardest thing in the world for regular Joe's and Jane's to accomplish (particularly non-profit organizations) is making money. If it comes easy for you, then find a good cause and exert some of your talents on their behalf. You could even do it anonymously if you're not interested in fame and status. You won't have to look hard to find a need for your talents.

[james_gsx]

Honestly, I think the time is right for you to put into a plan of action to run a hedge fund or CTA. Look at where you want to be in a few years, and make goals to get there. That should be your focus, and you will figure out how to get there.

Think big.