2015 Outlook

2015 is going to be a great year for the USD. With the European debt crisis, the drop in oil prices, and the great non-farm data we have been getting, I see 2015 being the year of the USD. If the EU doesn't get their shit together soon, we may see the USD become more valuable than the euro by the end of 2015 (that is a very bullish statement).

What are your thoughts on the USD? I have been sticking to my system. Goal by the end of the month is $132.25. I am at $122.17 right now. So I am right on track.

#YoungBuffett Out.

Holidays

As many of you followers already know, I have been on a trading break due to the holidays. I want to wish you all a belated Happy Hannukah and a belated Merry Christmas. This week is the New Year! I am very excited for 2015. In order for me to stick to the 7 year plan, by 12.31.2015 my account will need to be at $615.28, which is very doable. Remember... the plan is $100 to $100M in 7 years. This means 15% a month. Compounding interest is an amazing thing. So, for the week of 12.28.2014, I will ONLY be placing my 2 days trades on Sunday and not placing my intraweek trades. I have already hit the goal for December 2014, so there is no need to not take my vacation. So for this half-week lineup check out the video below.

As I stated in the video, this will be the last time I simply record my orders being placed. I will be creating some educational videos for my Youtube channel and also creating some videos of my active day trading with the micro-strategy. What this means is in the weeks to come, I will be placing all of my orders, the why's and the thoughts behind each one on the blog again. Let me know which is better for you, which you like better... video or blog.

As I also stated in the video, please leave a comment, let me know if you have educational questions, do you understand Bollinger Bands, Pivot Points, etc.? Do you have questions about my system, orders, account balance, etc.? Let me know. If you don't want to leave a comment, please feel free to use the contact me form on the right hand margin.

Happy trading and HAPPY NEW YEAR!

#YoungBuffett out!

On track

$100 to $100M in 7 years. Do you think I am crazy? That means I need to average 3.555% a week or roughly .5% a day (5 days a week). For the month of December, I already hit and exceeded this goal. I am currently up 20.68% this month. If you have been following this blog, you know that I will take 50% of anything over my goal and transfer it to a safety account within Oanda... a sub-account. This sub-account will be there as a safety in case I have a month that does not meet the goal. However, I have yet to have a loser yet. I have been correct 94% of the time with my entry orders and have only sold for a profit... I have done this be re-entering a trade at a lower price (or higher depending on direction) and cutting my average cost. This is why I don't put all my eggs on the first trade.

#YoungBuffett Out.

New Game Plan

So I spent the past couple hours reviewing my current strategies and revamping them, which I spoke about in my previous post. I have also created my 7 year plan. I am going to hit the restart button... I am going WAY back. I am dropping my account to $100 and my plan will take me to $10,000,000 in seven years. This may sound crazy to some, but my new game plan has slashed my old goals almost in half, helps me to build in a contingency plan for safety against a day like today (which I vow will never happen again) and to build a realistic account.

You never will be right 100% of the time, but if you quit, you will never win. I will never quit, I will win.

#Young Buffett Out