Realistic Goals

[BustaCapGains]

Hi, I have been trading off and on for about ten years and more active lately. I am a consultant and tend to work for 3-6 months and then take similar time off. During these times lately I have been trading regularly. And with the economy in its current state it’s likely I might be trading more than consulting for the near future…

My question is what is a realistic goal for daily/weekly gains with capital of $60-75k trading stocks?

Also, this might be a stupid question but I have seen on a daily basis stocks filling far above or below the bid/ask price and am wondering if there is a way someone could get screwed into a fill at those extreme prices with limit stop/limit orders?

As an example you will see a stock trading at $50 a share fill an order at $25 or $75 a share. The chart will display the spike and then after a few seconds return to normal. I am just wondering if there is a way a retail trader like myself could get screwed over and have my stop/limit order executed way below or above (depending on what direction the trade is) my bid – or if I happen to enter a market order simultaneously to a spike if I could be the lucky person stuck with the jacked up fill price.

Anyway, just wondering… GL trading everyone!

 

[FX_Capitalist]

Dont trade stocks just options, limited risk given that you're not an option writer + you don't abuse the leverage and if you must have stocks, use them for covered calls/puts etc. There are too many strategies with options that you have many approaches to the market, the only caveat is the limited time since a contract doesn't last forever and also getting exercised when you don't want to be. Take the stop losses and limits off and cover them with options.


best regards.