Well well well... here I am. I'm back to market...sort of. This time around I will be trying a new strategy which is developed by Hajime Mabuchi. He is a 20+ years market veteran and former Seattleite. From this month, I will study and try to master his method and hopefully I will become a pro in 2 years. This blog will be my trading diary.
Currently I'm working as a sushi chef in Seattle. I will fully keep this job until I can replace half of my income from trading. At that point I will start cut back my shift. Here is brief break down of my 2 year plan.
Training 0~1month: In this period of time I will work on multiple entry. Get used to with QMALL method. Follow the rule and try to keep up with exit points as well.
Training 2~3month: Move up to QM33. Entry is still my main focus but start training on "cherry picking" Also work on exit by pay attention on indices, candle pattern and trend.
Training 3~6month: Control profit and loss by following exit rule correctly and try to be profitable for weekly basis. At this point I need to be able to enter right names. Keeping loss in check is the most important thing here. Try to maintain it under $150.
Training 6~12 month: Trading to achieve $2000/mo($100+/day) profit. Make sure everything I learned is still intact and if not make proper adjustments. Also work on how I can improve profit. If I am doing well ahead of my plan, I will have a discussion with Hatch-san about profit sharing program.
Live trading 13~18month: Continue to improve profit and minimize loss. Start cut my shift on my day job if I am making more than $4000/mo($200+/day) consistently in the past 3 month
Live trading 19~24month: Look into advanced strategy to improve profit. Aim for $6000+ profit/mo($300+/day). If I am still making more than acceptable losses, I will keep working on them.
Full time trading month after 24~: Shooting for $10k/mo, $6000min. Going pro with contingency of not making large losses($300) for 3 month.
Thank you so much for taking time to discuss about my plan today Hatch-san!!