Advice on how to make 5%/month on $1 million

[yc47ib]

Doable，but probably not 2-3 hours a day, at least not for the starting year(s):

 

[austin.cannon]

Would like to get some feedback on the following "not so hypothetical".

Consider the following constraints:
- U.S.-based brokerage account with $1 million in cash
- monthly target of 5%/month; this will be withdrawn, so account won't grow
- max trade limit of 50 trades/month
- ideally no more than 2-3 hours/day of watching/trading markets
- lowest risk to achieve the 5%; in other words, would rather have less risk than a return greater than 5%

How would you approach this?
what markets/instruments?
what trade sizes?
where to place stops and limits?
other thoughts?

Thank you for your time.

Trade with leverage (futures or options).
Be very patient on set-ups. Trade less not more.
Have someone who has done it before guide you.
Need to have a proven strategy before just playing cowboy.

I'd look into trending currency markets, Equity indices, crude oil, and gold.

 

[wmwmw]

Doable，but probably not 2-3 hours a day, at least not for the starting year(s):
View attachment 259807

You guys still didn't understand OP well.
Of course 80% is doable, but read his restrictions: no more than 50 trades per month; no more than 2-3 hours trading per day, and low risk.

Mission impossible.

 

[wmwmw]

I've been making over 11% per month since June, 2019. All my trades were announced BEFORE I did them. This was not a simulation. I usually make only one trade (or none) per day. Most days, the trade is done about 8:00 AM, Pacific time. I have spreadsheets documenting the trades. I trade only broad-market ETFs, such as SPXL, TQQQ, SOXL, TNA, IWM, SOXL, NAIL, UDOW, etc. No individual stocks, no futures, no options, no shorts, no forex, no crypto, nothing fancy. Wait - Last year I did make three small trades in F (Ford). Those were the only exceptions, and those trades made only 7% for the entire year. Total number of trades last year was 117.

How do you trade ETFs when stocks markets are closed?

 

[maxima120]

I'll save you some time, $ and pain. It's not gonna happen.

Why? the markets are zero sum game we need his million. dont be a samaritan (and that is a very polite form of what i really think)

 

[Yoddle_Trader]

This is a 60% annualized return.

If you can consistently get this, start a hedge fund.

It's actually almost 80% annualized return: 1.05^12

 

[Overnight]

How do you trade ETFs when stocks markets are closed?

Wall street opens at 6:30 AM PACIFIC TIME. (I guess you missed that bit about the time zone.)

 

[themickey]

I'd look into trending currency markets, Equity indices, crude oil, and gold.

I have some experience trading gold, it can behave like fx at times and becomes random.
Actually I find it frustrating at times, not fun.
My intention into the future is to stop trading it, but not just yet.

 

[mokwit]

The only people I have heard of who do this are home based option traders- at least that is what the people selling the courses say.

 

[ajacobson]

https://www.thelookinglass.com/fear...KMNwmPgCG4kxm8NEUhWZLsoaCd5phpVKtL4U1tyR1TsZs

From another thread here. Average 57% annually with public filings and certified audits. Very - very smart folks with lots of expensive talent and technology.