Friday, November 14, 2008

Getting Ready

"Money never starts an idea. It's always the idea that starts the money" Owen Laughlin

After months of preparation, we should be trading by 1st December with an initial capital of S$450,000/-. With a goal of achieving a 1% monthly return, our target will be S$4,500/- or a daily target of S$205/- base on 22 trading days in a month. That's Chicken Feat!

Am I setting a target that is too low? How can I give more than is expected of me?

Our objective is capital preservation and not taking unnecessary risk. The plan is to lay the foundation and build up foreign capital before we proceed to more aggressive trading.

1 comment:

emacro said...

It's 'chicken feed' not 'feet'