MeetPips.com

I have decided to strive towards growing my account balance by 6-10% monthly. right now i am doing fine with 10%. Here is how i planned it out. Lets say you have an account balance of 2,000. There are 12 months in a year. write it out:Starting Balance: 2,000 -multiply by .10 each month- January: 2,200 February: 2,420 March: 2,662 April: 2,928 May: 3,220 June: 3,542 July: 3,896 August: 4,285 September: 4,713 October: 5,184 November: 5,702 December: 6,272 so say January ends, you should have 2,420 or more in your account. and so on for the following months.NOTE: This might make you want to take trades that are not according to your strategy/rules, be careful.if your looking for a quick way of calculating straight to December. just multiply your starting balance by 3.12 and you should get a fairly accurate number. (Note i did not round in my example)2,000 x 3.12 = 6,240 I feel planning/goal setting is a very important aspect of trading, this way you know what you are striving for and where you are heading! Have a good one, Eli