Again, if you don’t believe in technical analysis or Bigfoot please find another thread to share your pearls of wisdom. For the rest of you, I’m curious to know what percentage MONTHLY returns swing traders make on average. Not your best. Not your worst. Give me your typical. Oh, and do you momentum trade? Catch the turn arounds? Play range bound stocks? Or other? Thanks
I started just recently, so I don't have a history yet. My anticipated target is to make >= 30% per month. My research indicates, that this should be possible using some equity options strategies (I'm specializing on 2-leg Put options spreads, though other combinations are equally good or even better too, for example those spreads with >2 legs, like long butterfly and long condor etc.). This is swing- or short- to midterm trading (holding less than 90 days), not any daytrading. I'm using TA only minimally, like SMA crossovers.
Options... Try it Of course I mean options spreads where you short sell and additionally buy a long to cap the loss side.
Lol,I have tried it,and by your standards failed miserably Then again,I'm not trading a 500 dollar Robin Hood account
If you can average 5, 10, 20% per month then you’re doing fine. My PnL as a long only, momentum trader, is heavily correlated with the SP500. The goal is to lose less on down days and earn more on updays.
With this kind of trading, the max possible profit is pre-determined at entry (ie. the net credit), so one should enter only the highest ones... After entry one just can hope that the underlying goes into the right direction, if not then of course a loss will happen.
Cash. In a bull market, 20% is a good month In a bear market, 5% is a good month. Without betting the farm. 1% risk per position.