Early in 2010, I discussed about my plan to [grow my trading accounts organically and eventually trade for a living] (i.e. live and breath in the market 24/7). Now that the first whole year of my long term plan has passed, I can update my visualization table as shown. 2010 was a good year. My starting capital for 2011 is 63% more than expected. This is mostly due to the \$13,000 prize money from winning six of nine Dukascopy automated trading contests. On the contrary to my fortuitous success, I revised some of my estimations noted in the table to be even more conservative. In particular, I reduced my annual deposit to reflect real bookkeeping data in 2010 and lowered my investment yield expectation based on my performance data throughout the past 10 years of my trading. To mitigate these reductions, I expect to continue depositing funds while I receive a salaried income rather than stop mid-way as originally proposed. The effect of inflation is deliberately ignored in this table because I'm discounting its effect in my investment yield estimate rather than adding more columns. It's all guess work for now anyway. Nineteen years is indeed a long time. It is a worst case scenario assuming that I will grow my accounts organically and not do anything else. I doubt I will need that much time as there are means other than trading a personal account to achieve trading for a living. I might discuss more about this later in the year once something materialize. My focus this year is to finish developing my proprietary Java trading platform with my partner and put it to good use in the forex market. Nineteen years or not, the fact that trading for a living is even possible for a self-taught amateur such as myself is testament to these incredible times that we're living in. I fully intend to enjoy every second of it.
[grow my trading accounts organically and eventually trade for a living]: http://www.quantisan.com/visualize-and-grow-rich/