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
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!