What's up, everybody, and how you doing today? Thanks for coming and checking out my new Financial and Trading blog series:
Trading My Way to Financial Freedom
The purpose of this blog series is to track my journey into trading the stock and forex markets in order to become financially stable for my family, as well as track my progress towards achieving my personal savings and financial goals!
With that being said, the first post of this series explained My Why; the whole reason why I am making this journey into trading and attempting to set savings goals in the first place. So, I figured that clearly stating my personal savings and financial goals for my fiat bank account, HIVE account, and FOREX/Trading account would be a good follow up before we jump into anything else!
As I was writing my last post I realized that, while I never had very good money management skills, I've actually never set any attainable financial goals in my life; up until this point, every financial or savings goal I've ever set for myself have been long-term goals, and seem near impossible to achieve without any structure to follow along the way.
Luckily, I recently discovered 
My Personal Financial Goals
So as I said above, thanks to the help of the Saturday Savers Club, I recently decided to start more manageable savings goals for myself, which will hopefully end up becoming a form of structure for my long-term goals for the future! I also decided that I was going to apply this to all financial aspects of my life; starting with my fiat bank account, then my Hive account, and finally my FOREX/Trading accounts.
The goals themselves are not listed in an order of importance, however, some will take a little longer to implement than others! So, I decided to divide them into both short-term and long-term goals!
Fiat Savings Goals
Short-Term Goal #1
- Start the "365 Challenge" as described over at
- Normally, you would start and save for an entire year, but I plan on finishing this year out and starting a new "365 Challenge" for 2023, letting this year's end balance carry over.
- I started saving 1 penny per day since I discovered this post on November 1st, 2022
- As of the date of this post, I am on Day 19 and have saved a total of $1.90! I know it's not a lot to be excited about, but I am very excited that I am sticking to it!
My "365 Challenge" Jar!
These are also short-term goals, but ones that cannot be immediately implemented until I find another job! Luckily, I have been able to find a few projects on Upwork to help us along, but this definitely isn't a viable full time option, but one I am still pursuing none-the-less!
Short-Term Goal #2
- Save $5 per week in my Current Fiat Bank Account
- $1 per workday
- Unsure if I want to transfer this to an outside account, like Coinbase, so I could schedule this to happen automatically and essentially forget about it.
- Short-Term Goal - $100 Emergency Fund
- $1 per workday
Short-Term Goal #3
- Invest $5 per week into my Future FOREX/Trading account
- Again, $1 per workday
- This will go into my main brokerage account ONLY after the initial funding
- Short-Term Goal - $100 Account Balance
- Again, $1 per workday
Long-Term Goal #1
- Start a separate Fiat Savings Account with a minimum balance of $100
- This will be started with some of my savings from the "365 Challenge"
- This is my ultimate long-term goal as far as my initial set of small goals go!
- Once I have achieved this goal, I will reevaluate and set myself a new set of goals!
- My hope is that by doing this, I will establish a solid foundation of money management/savings skills, that will carry over into my future long-term goals!
HIVE Account Savings Goals
So, I have a lot of goals for this as well, as both short-term and long-term, but for now, I'll just stick with a few basic goals to get me started in the right direction! These will also be for my personal "Goal Tracker" for the Saturday Savers Club!
HP Goals
For my Primary Goal, I want to increase my total Hive Power to 500 HP, after I have finished Powering Down for my current side projects! For now, I am receiving payouts in 50% HP and 50% HBD, but that is purely to help me achieve the next goal!
HBD Savings Goals
My secondary goal is to increase my HBD Savings balance to a minimum total of 25 HBD! To start out, I'm going to place 1 HBD per month into HBD Savings, which I think is a fairly reasonable (and attainable) goal!
Overall Account Balance Goal
Overall, I would like to continue to grow my overall Hive account balance to $500; fluctuations in prices occur (like we've been experiencing lately), so this may be more of a long-term goal! Even with Hive at its current price of $0.37, I have an account balance of $189, and I would like to try to increase that to a minimum of $500!
NFT's
This is a side project that I recently started, but I feel that it does have some potential! I know that I have a lot of goals I'm striving for already, however, I feel that by including this into my list, it will help me stay motivated!
- Using some of the Hive that I have earned, I have started designing a collection of NFT's for the HIVE Blockchain!
- Main use will be for social media avatars, as well as a collectors item of sorts
- Potential to be backed by real world assets (working through the details!)
- These will be minted using a portion of the Hive that I have started Powering Down, as well as a portion of the rewards I am currently receiving in HBD.
- Main use will be for social media avatars, as well as a collectors item of sorts
FOREX/Trading Account Goals
AUDUSD chart on 1 hour timeframe with custom indicators
Now, this is where this post will get interesting! Not only are these goals more long-term savings oriented, but each goal will be a baby step toward my ultimate goal of being a full-time trader. But these goals aren't any regular old goals, oh no! These goals are going to be the foundation of my Trading Journal, and track every failure and success toward achieving each goal, one baby step at a time. If I really want to learn, and actually be successful in trading, I might as well journal it for you all to see and learn from as well!
Ultimate Short-Term Trading Account Goal - Double my original account balance.
- Start account with earnings from Hive
- Started to power down, for this reason, a little more that 200 HP
- Transferring approximately half to an external wallet
- Unsure how much that will equate to once that conversion is complete, but I will be limiting the amount that I initially deposit into my account to $50 USD with a minimum starting balance of $20 USD.
- Remainder (if any) will be used for NFT Minting process via HIVE
- Started to power down, for this reason, a little more that 200 HP
- Continue to study fundamentals!
- Learn specific candlestick entry patterns
- Learn different trading strategies
- Learn confluences for specific strategies
- Using proper risk management, aim for a minimum of 2% profit reward per trade
- Don't risk more than 1% of account value per trade!
- Do not enter a trade unless my confluences (more on these to come in future posts!) have been verified during analysis!
- DO NOT enter a trade without setting a specific Stop Loss Level!
- Set a specific Take Profit Level when placing a trade.
- Keep a detailed Trading Journal (hello Hive!) to log my failures and successes in order to learn from each to improve my skills as a trader!
- I'm using Hive to blog my Trading Journal in hopes that it will keep me more consistent at actually keeping a Trading Journal!
Now with all of that being said, I realize that some of that may be a little confusing to read if you've never traded or looked at the stock markets before, so during my next post I'll discuss some of the more basic trading terminology and strategies I've learned so far!
AUDUSD chart on 15 min timeframe with custom indicators (more on those soon!)
I hope that you all had a great weekend, and that you all continue to have an even better week! Don't forget to tune-in next week for a new Journal Entry Update!
Stay Trippy, My Little Hippies! ✌️💚
New to Hive? You can sign up here to start earning rewards on your own original content!
Proud Member of the Saturday Savers Club!
Have you heard of the Saturday Savers Club yet!? Head on over to the
Signature and Hive Image created and provided by
, stop by his blog to see his newest Hive inspired creations!
"Saturday Savers Club" banner provided by the
's Saturday Savers Club blog!
MetaTrader 5 App for Android was used for screenshots of charts
Any other pictures were taken and/or edited with my trusty Motorola Moto G Stylus!