You miss 100% of the shots you don't take - The Great One

I would like to take some time to break down my goals for this experiment.  I initially started this blog to report my thoughts, the trades and progress along this trail, and weather it be for myself or the greater community, to take my shot.

Unfortunately I didn't have enough capital to start trading without taking a 401k loan, but the way I figure it, I am getting a guaranteed rate of return on my 401k now through my after tax loan payback (3.75%) and also contributing more to it as well.  It is also only temporary and I have the full ability to pay back the loan from my borrowings with whatever remains.  And I am investing it, playing both direction of the market, which you can only be bullish in the 401k, so hopefully the returns are better.

Onto the goals of Trader's Tuition:

Short term:

• Get more trading wins than losses (I will start a "batting average"of sorts)
• Get more weekly wins than losses.
• New post 5 days/week
• Read trading books, list is on the way
• Make my first $1000.00

Mid Term:

• Get a better annual return than the SPY.
• Get at least 100% return.
• After 15-20k, pay off 401k loan.

Long Term

• $100,000.00

The long term goal of 100k is my ticket to trading full time.  That is a mere 425% away or so (not including taxes).  An advantage that I have in this goal is that my wife has a job where she will be earning enough to support our lifestyle in a few years solely on her income, and creates a whole lot of flexibility to making this into a reality.