StockFetcher Forums · General Discussion · Trading Plan-20% per month=890% per year, compounded<< 1 2 >>Post Follow-up
lucianocorona
3 posts
msg #48105
Ignore lucianocorona
11/21/2006 9:03:14 PM

Wondering how many of you are actually trading with a trading plan!
I started swing trading 5 months ago after getting bored with the slow pace & small returns from only investing in stocks!

Eg: I only make swing trades with a 10-20% target & am in and out in 3 to 15 days with a goal to grow my account by 20% per month comounded to 890% per year.

Results: I've tripled my account in 5 mths!

ANY COMMENTS OR SIMILAR PLANS?


TheRumpledOne
6,358 posts
msg #48106
Ignore TheRumpledOne
11/21/2006 9:43:59 PM

Nice work!

Post your trades so all may learn.


luc1grunt
622 posts
msg #48108
Ignore luc1grunt
11/22/2006 12:01:53 AM

Best plan is to stick to the plan. Journal says it all....shy from my plan, lose. Stay disciplined on the plan and gain. So simple, but as with anything, good habits are harder to form than bad ones. Great job and happy trading!!


traderblues
195 posts
msg #48107
Ignore traderblues
modified
11/22/2006 8:19:16 AM

(deleted)




maxreturn
745 posts
msg #48112
Ignore maxreturn
11/22/2006 12:48:24 PM

TRO wrote: "Nice work! Post your trades so all may learn."

Yes, inquiring minds want to know!


lucianocorona
3 posts
msg #48131
Ignore lucianocorona
11/23/2006 9:47:36 PM

Ok here is a sample...some are on the TSX!

UUU.VN-bought @ $2.55 sold @ $3.10, in 5 days =20% return
NVD bought @ 1.22 and sold @ $1.40 in under 5 days=10% return
ECU.VN-bought @ $2.45 sold @ $3.01 in 5 days=20% return
DAR bought @ $4.07 sold @ $4.40 in 3 days=10% return
Currently bought PRM @ $1.51 & holding for $180-$190 target!

However, I believe you missed the point! Everything I've read states that it's all about having & sticking to a plan and NOT simply picking stocks to trade.

My plan is 20% return per month swing trading which compounds to 890%.
I divide my account into 5 different trades depending how long I feel each trade will take to execute a 10-20% return I descide what percentage to put on each trade. I prefer to be in and out in under 5 days...never more than 10 days!

FAIL TO PLAN & YOU PLAN TO FAIL.... Sincerely Lucky Luciano


trex232
7 posts
msg #48144
Ignore trex232
11/24/2006 4:22:54 PM

what is your entry formula?


lockwhiz
206 posts
msg #48145
Ignore lockwhiz
11/24/2006 5:17:33 PM

Plan sounds good .... What are using for an exit strategy ?

Check out Q (Quest Communications), nice set up for a swing trade. I see it as only a 7% return in 3 - 5 days. Well within your means of getting 20% in a month. ... Three trade like this and you have you 20%.

Thanks ... you input is appreciated. Lets hear your exit strategies.


lucianocorona
3 posts
msg #48148
Ignore lucianocorona
11/24/2006 9:01:06 PM

No complicatied entry or exit formulas!
I simply use the CLASSIC... buy support-sell resistance!
Now your turn to share! What are some of your trading plans out there!?!?!?


wallman
299 posts
msg #48149
Ignore wallman
11/24/2006 10:33:59 PM

I've shared just about everything i've found since i joined almost 5 years ago
We started up the SF/Muddy yahoo group : http://finance.groups.yahoo.com/group/StockFetcher/?yg
which has started up again after a years absence
what i've shared of late is my findings on the fastk filter and my new list of favorite stocks to trade(in the files section over there)off this filter and the MuddyZone pullbacks and the Squeeze/volume/breakout filter.
Now take a look at this: http://www.stocktickr.com/Muddy/
these are all from the Favs list that hit the afore mentioned filters,these are only 1-5 day holds so i'll take the profits from these soon,and they are big,and start over with a fresh list,no problem at all with 20% a month that i can see
So yeah,sharing is good for all
Regards,Muddy


StockFetcher Forums · General Discussion · Trading Plan-20% per month=890% per year, compounded<< 1 2 >>Post Follow-up

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