I never buy at the bottom and I always sell too soon. -Baron Rothchild
I am well aware that many, including myself, have been a little confused and daunted by the markets action of late. During these times we need to avoid the big pipe dream, the pure hope, the thinking we have to make money today. Many if not all of you have a plan, a goal in mind on where you wish your trading to take you. Be careful how you define your goal. Perhaps your goal is to make $100,000 per year in the markets and that's wonderful, however if you break it down into to finite a goal you will defeat yourself. Breaking down the $100,000 into roughly 250 trading days per year equals $400 per day or $2,000 per week or approximately $8,333 per month. Sounds great and easy, doesn't it? However, there is a flaw in this thinking?