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Trying to achieve 33% returns this year
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Trying to achieve 33% returns this year

  #11 (permalink)
Elite Member
Vancouver, Canada
 
Futures Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Broker/Data: Ninjatrader Continuum
Favorite Futures: ES, ZB
 
Posts: 146 since Apr 2014
Thanks: 420 given, 109 received

Short reply.

DON'T GO ALL IN!!!

I used to be like you and I blew lots of money this way! You never know when there might be some geopolitical risk like the Ukraine situation that will mess up your strategy. Yes you will win for awhile and think your strategy is foolproof but someday you will feel the pain of losing when something unexpected happens and your setup no longer works.

33% is very doable in forex, that can be done in a month. For stocks I would look at biotech stocks for momentum.

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  #12 (permalink)
Elite Member
Fort Lee, NJ USA
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: NQ
 
Posts: 62 since Mar 2014
Thanks: 4 given, 47 received


sunny051488 View Post
Hi guys,

Just found this forum and decided to share my strategy this year on what i'm currently doing. I tried goggling around but didn't see anything similar out there but i still cant be the only one doing this so i decided to find some trading forums and ask around.

So i am basically trying to compound my trading activity weekly 52 times, which would return around 33% at the end of the year.

I started an account in Jan and put in 10k trading stocks weekly and sometimes more using no margin. My goal is to hit at least 1% on the trade per week. I do extensive research into a list of about 25 stocks that I've been following for a few years now which i am using to trade.

So far i must say I've been surprisingly successful into march 4th now. I did 11% in Jan and 9% in Feb. Obviously held on to some trades which netted much more than the 1% up move that i was looking for.

I'm pretty sure i'm in some kind of delusion into thinking this is actually achievable consistently in a good bull market.

Every week i'd pick a stock, buy in, once it moves up 1% i'd sell it. Some times i'd leave it and set a stop loss at the 1% and let it run up for a whole week.

An example would be, on Monday i'll buy 10k worth of ABC stock and once it runs up 1% i'll sell it.
Next week i'll go all in with 10k again on XZY stock or even the same ABC stock and wait for the 1% again.
I've done this many times with momentum stocks like TSLA and SCTY in Jan and Feb with great success.

My question is, is there anyone else who has a similar strategy?
Also how realistic is it to be able to spot and make trades in a week period that will move up 1%?
I've been able to do it for 2 whole months now and i'm starting to think i could do this for 10 more months to get the 33% i'm forecasting.

So i should be able to grow my 10k into 13.3k ending balance in the brokerage account.

If i can consistently do this i would obviously scale up in trading capital when i'm able.


Any thoughts on what i'm currently doing and your input would be greatly appreciated. Thanks!

Make sure you demo trade on a reliable broker to make sure your strategy is sound, Don't blow out real money accounts, no reason too.

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  #13 (permalink)
Trading Apprentice
Chicago, IL
 
Futures Experience: Intermediate
Platform: Lightspeed
Favorite Futures: ES
 
Posts: 16 since Jun 2014
Thanks: 1 given, 0 received


33% is a nice goal

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  #14 (permalink)
Trading for Profit
Birmingham UK
 
Futures Experience: Intermediate
Platform: Meta + TradeInterceptor + FXCM
Favorite Futures: DAX ( GBPAUD if moving )
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received

No issues with the 33% I did wayyyyy more than this 12+ years back trading stocks.

But if your after 1% profit, but risking 5% profit or not closing out trades till +1% profit then your just going to get stuck holding some positions for weeks / months / account death, obviously stick to blue chips here.

Too simplistic and if a trade gets to +1% its a shame to cut it short as it's going your way and could see +5% or +10% then your account really starts to gain size.

I used to trade this way.

Say market is bullish :-

Look for bullish sectors, then bullish stocks in those bullish sectors, go long on pull backs but 66% ish of account.

other 33% ish.

Look for Bearish sectors and bearish stocks, short those, this is your protection against market turning.

Flip if market vice versa.

On positive days, the Longs should all do great, the shorts might break even, on bearish days, the longs will give some back but the shorts will make a load.

Downside, expect your nights to become very long, while you look at 100's of charts.

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