Any swing traders that work a full time job in here? I've got about 5k I've got stashed away that I can start building at about 1k per month, and I want to keep it relatively active.
Any success stories on here?
Thought i knew everything, bought peaks, learned about stoplimits later. Punched 100% of my portfolio in one stock at a time, stoploss at 7%. Three times my stoploss got triggered, and that showed to be the bottom. The other times i tried the purely technical analysis approach, regardless of the fundamentals and macroeconomic aspect. Reading up on fundamental analysis and macroeconomics now to get a bigger picture than just TA.
Also 20% pr month would be fucking insane. Warren buffet would probably ask you to be his mentor if you could pull that off. I used to be unrealistic like you, thinking i could easily double my money in a year. Now i would be happy with 10% because compound
>Fuck off, 10% in a month on each position is very doable if you plan your swing trades right
Exactly!! If you can't make 150% annually, year after year, from trading then you just need to git gud. Swing trading is easy money, yo.
We should prove them wrong and post proof of our massive trading gainz! You go first, senpai.
>all in every time
>no real strategy
i work a finance job but it's busy so i set up my trades sunday night, in options that expire on the friday that week
probably make about $2000 a month on average from this
mostly do etf/index future curve trades
>is it really that hard to earn 20% per month?
No, but seriously, earning 20% per month is super easy, as long as you're fine with the fact that, by the 3rd or 4th month, you are going to lose 80-90% of everything.
So you can call me an isolated case that just got lucky? Im not posting shit, but for what it's worth I've made 5 swing trades in the last 4 months. 2 for 10%, 2 for 20%, and 1 for 50%. It's a small part of my overall strategy, but stop acting like you cant be successful at it
>as long as you're fine with the fact that, by the 3rd or 4th month, you are going to lose 80-90% of everything
If it was regular difficulty, not even just "easy", experts would be quadrupling their money every year. Imagine if a billionaire went from 1b at 40 to 4b at 41, 16b at 42, 64b at 43, 256b at 44, and then 1 trillion at 45.
There are over 1,500 billionaires but not a single trillionaire in the world, so yes. It's very difficult.
Market saturation. They're the largest (and most expensive) carrier. When people feel a pinch, cutting back on the cellphone bill will be one of the first things to do. After all, why pay $150, when you can get comparable (not necessarily better) service for half that?
As for Sprint, with Comcast buying wireless spectrum, they could be priming themselves to enter the market by purchasing Sprint and people will let it slide through because of "muh weak player". Then they use their leverage with TV networks to squeeze spectrum from the other guys, giving Sprint a massive boost.
Note: This is all theory/conjecture and I will hate myself for eternity if I end up calling this.
Friendly reminder than if you made 20 percent a month it would only take a few years to turn 5k into millions of dollars.
It always amazes me how much multi millionare traders spend a lot of time here
Their intrest in yahoo as well as their bad mobile pricing especially with their new unlimited data plan for their app only. We might be going into a big downturn which will effect the biggest the most. Tread carefully annon.
Ignore the doubters in this thread, by the way I love this new spicy meme
>if you can do x% a month youll be a millionaire by y!!!
I swing/day trade commodities and average about 20-30% a month. That's a conservative estimate. With an understanding of both technical and fundamental analysis you can trace trends and easily scalp 3-5% a day if you really put your mind to it. It obviously also depends on how much of your portfolio you allocate on a certain security. Going all long or short oil for example can net you 50% in a two week period, but at the same time could kill your account. It's all about risk management
Of course this requires years of experience, knowledge, the ability to day trade, and practically devoting your weekdays, and sometimes nights, to the market