Not sure which sub-forum to put this in. Please move if appropriate.
I'm curious to know what people's trading objectives are in terms of lifestyle implications.
Not so much: my objective is to make 30% p.a.
But rather: my objective is to make 30% p.a. which will allow me to take an extra holiday a year or to work part time etc.
My major focus is freedom. I do want to accumulate wealth but it isn't my primary consideration. My trading objectives are based around freeing me up from employment, which would allow me to devote my time to other things that I would like to accomplish.
My trading strategies also incorporate the principle of spending a small amount of time each night 'tidying up' trades, so that I'm not stuck at the screen (I guess a semi-passive income).
- Cut back to 4 days a week at work (with the option to return to 5 at any time I like)
THEN cut back to 3 days a week (with the same option as above).
I'd like to achieve this in the shortish-medium term.
THEN when I am making a decent wage from trading, take a 6-12 month leave period (with the option to come back full time if I like) and then consider my options and see how my overall net worth is looking.
Luckily I have a job that may be able to facilitate this arrangement.
It is a very cautious approach with a strong safety net due to the volatility of trading.
THEN if all goes well spend my time pursuing other "ventures"/"opportunities"
How will I do this?
1) ASX momentum setup strategy
2) Sub 10c stock strategy
3) Some Index futures trading at night
4) Some medium term Index futures trading getting on a good trend and adding to it.
I've put a huge amount of work into my trading in the last 3 years and see this as an enormous possibility to work in the way that I desire.
What are others' objectives?