Initial Set-Up

1. Assess Monthly Expenses: Calculate your total monthly bills. For example, $5,000.
2. Set a Monthly Profit Goal: Aim to double your monthly expenses to cover life costs and grow your trading account. In this case, $10,000 per month.
3. Daily Profit Goal: Divide your monthly goal by the number of trading days in a month (usually 20; 4 weeks x 5 days) to find your daily profit target, which would be $500 in this example.

Risk Management and Account Size

1. Daily Risk: Decide what you’re willing to risk per day to hit your goals. Suggested range: $300 - $500.
2. Account Size and Risk per Trade: Follow the standard trading guideline of risking 2% per trade.
   • To risk $500 per trade, you need an account size of $25,000.
   • To risk $300 per trade, a $15,000 account is required.

Execution and Growth

1. Monthly Performance: With a $25,000 account, aim to make a net profit of $10,000 per month while managing risks effectively.
2. Monthly Savings: After covering monthly expenses ($5,000), the remaining $5,000 should be reinvested into the trading account.
3. Annual Goal: Stick with the plan for a full year. By consistently following this strategy, aim to boost your initial $25,000 to an impressive $85,000, factoring in the $60,000 profit from reinvested gains.

Scaling Up

1. Increased Trade Risk: With the new account balance ($85,000), adjust your risk per trade to 2%, which now equals $1,700.
2. New Profit Goals: If maintaining a 1:3 risk-reward ratio, potential earnings could range from $5,100 to $102,000 per month, based on performance.

Key Considerations:

• Skill and Consistency: This plan requires you to be a skilled and consistently profitable trader. Without the proper trading know-how and discipline, these numbers are not attainable.
• Risk Management: Always adhere to the 2% risk rule to avoid substantial losses.
• Market Conditions: Remember, trading involves high risk and is influenced by market conditions, which can be unpredictable.
• Psychological Aspect: Sticking to the plan requires discipline, emotional control, and the ability to follow your trading strategy without deviation.

Conclusion: