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Trying to achieve 33% returns this year


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Trying to achieve 33% returns this year

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  #1 (permalink)
Denver, CO
 
 
Posts: 2 since Mar 2014
Thanks: 3 given, 1 received

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!

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  #3 (permalink)
London + UK
 
Experience: Advanced
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Trading: Currently European and US equities
 
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Posts: 443 since Dec 2013
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Don't risk too much too quick, that's a fast way to lose all your money.

Try journalling your trading activity. all your successes and failures to perfect your trading plan. You should try to be as mechanical as possible and from that hone your ability to repeat your successes and avoid repeating your failures.

good luck my friend.

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  #4 (permalink)
 
 
Posts: 2,979 since Jul 2012
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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!


You are buying in a bull market, so is your success due to the bull market, and not your stock picking ability, or your 1% profit/loss scheme? In other words, how much of your success is beta driven (overall stock market effect) vs. alpha driven (your stock picking ability effect). You want alpha, not necessarily beta.

For example, take your method, and go back and see how it would have done in 2007 and 2008. That will tell you a lot.

Good Luck!

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  #5 (permalink)
London + UK
 
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Posts: 443 since Dec 2013
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Agree. backtesting for different windows of time will indeed be a good benchmark for your trade plan.

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  #6 (permalink)
Denver, CO
 
 
Posts: 2 since Mar 2014
Thanks: 3 given, 1 received

Thank you for the responses, i would have to agree that i'm doing well due to the bull market over my ability to pick stocks that will make a move up.

Lets see how long this can keep up. I will surely go back in time and see how this strategy holds up and test it during the recession years. Thank you for that tip!

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  #7 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Broker: IB / DTN
Trading: Futures
 
Posts: 5,360 since Feb 2012
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sunny051488 View Post
So i should be able to grow my 10k into 13.3k ending balance in the brokerage account.

This is a reasonable goal without a leveraged product.
Good trades!

GFIs1

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  #8 (permalink)
Toronto, Canada
 
Experience: Beginner
Platform: TWS
Broker: IB
Trading: Stocks
 
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Posts: 41 since Oct 2013
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kevinkdog View Post
For example, take your method, and go back and see how it would have done in 2007 and 2008. That will tell you a lot.

Good Luck!

Beside using NT, is there any other way to back test your strategy?

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  #9 (permalink)
aceh+indonesia
 
 
Posts: 13 since Nov 2013
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Please show your account performance on myfxbook..

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  #10 (permalink)
New York City, NY, USA
 
 
Posts: 10 since Apr 2014


hey, i understand the allure to make money quick but i definitely feel like that is a dangerous game to play with the stock market. the issue with that mentailty is that you'll always feel the need to trade, when in fact sometimes, the best trade is actually not to trade at all. I feel like if you set monetary goals for yourself, you're setting yourself up to fail because then your trading with emotions and pressure. trading is already hard enough as it is, i dont think its a good idea for you to set those types of restrictions on yourself but engaging in that type of trading

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  #11 (permalink)
Vancouver, Canada
 
Experience: Advanced
Platform: Ninjatrader
Broker: Ninjatrader Continuum
Trading: RTY, ES, and Directional Options on QQQ, SPY, IWM, AMZN, AAPL, TSLA
 
Posts: 188 since Apr 2014
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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)
Fort Lee, NJ USA
 
Experience: Intermediate
Platform: ninjatrader
Trading: NQ
 
Posts: 60 since Mar 2014
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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)
Chicago, IL
 
 
Posts: 16 since Jun 2014
Thanks: 1 given, 0 received

33% is a nice goal

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  #14 (permalink)
Birmingham UK
 
 
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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