I was in a hiatus for 1 week. That is because I participated in a martial arts, full contact, knockdown karate competition. And I was injured. It took me a week to fully recover and so I am back. You may watch the video below to what kind of karate I practice. I don’t have the video of my matches but you can imagine me the one being knocked out. ;P
During those times, I kept on back testing my strategy. Day in, day out and I will backtest my strategy later tonight before I go to sleep. Everyday. I want to make sure that I will follow my plan. To make it second nature.
The reason being is I want to solidify my plan. I want to have a fixed, concrete goal. If I say, I want to be a millionaire by the year 2015, I should have at least a plan to achieve it and a confirmation that it can happen, that its possible. And its definitely possible.
The goal I have to reach $25,000 per month in forex only boils down to an ultimate goal – To earn a $1,000,000 in forex. With back testing, the shortest time I can reach this is 3 – 5 years. If and only if I follow my plan. Every broken plan will only delay me further.
Another goal of mine is to have all the time in the world. Forex is my ultimate vehicle to obtain ultimate freedom. I see myself doing 1 – 3 trades per month but the profit are enough for me to last a year. This is possible with the strategy I am back testing. I just hope that the market does not change enough to make it invalid.
Crazy as it may sound. The only missing piece to all this plan and trading is patience. A lot of it. All things come to he who waits. I just have to keep the idea in my head, that I will be a millionaire in 3 – 5 years time, the only payment for that is discipline and patience. Not a bad trade off in my opinion.