Trading Goals

When we start a project, we should have clear goals of what we want to achieve after 3 months, 6 months, 1 year and 3 years. 

This can be helpful, especially when we are in the midst of implementing our plans and things are not going well or when we are feeling down.

Here, we seek to crystalize your financial goals.

Kindly take a clean sheet of paper and answer the following questionairre.

A sample answer is provided for reference.

You may want to click here for Questionaire - My Goals 

Questionaire - My Goals:

1. What is your purpose of trading options?

2. How much money do you plan to make (in dollars)?

3. How long will you take to achieve your goal (in years)?

4. So if I understand you correctly, you like to make ____ million dollars in ____  years, is that correct?

5. Do you think it is achievable?

6. Do you know of anyone who has done that?

7. What is your starting capital?

8. So if I understand you correctly, starting with $__________ seed capital, you like to make ______ million dollars in ___ years or less, is that correct?

Sample Reference:

1. What is your purpose of trading options?
My purpose of trading options is to make money.

2. How much money do you plan to make (in dollars)?
I plan to make one million dollars trading options.

3. How long will you take to achieve your goal (in years)?
I give myself 3 years or less.

4. So if I understand you correctly, you like to make one million dollars in 3 years or less, is that correct?
Yes, I like to make one million dollars in 3 years or less trading options.

5. Do you think it is achievable?
Yes.
 
6. Do you know of anyone who has done that?
Yes I do.

7. What is your starting capital?
I plan to invest $10,000 in my options trading practice.

8. So if I understand you correctly, starting with $10,000 seed capital, you like to make one million dollars in 3 years or less, is that correct?
Yes, that is correct. I plan to invest $10,000 in my options trading practice. With this $10,000, I hope to make one million dollars in 3 years or less trading options.

Finished? Excellent! We are going to look into Return on Investment  (ROI) next ...

Next: Return on Investment (ROI) ...