Swing Traders: What are your monthly returns?
- Thread starter Smart Money
- Start date
It is a no-brainer but it depends very much on the Drawdown one is allowing. Less drawdown means also less return monthly. First goal must be to not thrown out of the market by taking excessive risks. There is a trade-off between risk and return, and it is assymetric. One can also factor in the loss-aversion theory from the nobel price winners, where 1 loss equals 2.4 gain in units. That has some implications. Any profit factor below 2.4 is hurting one owns psychology while trading. One could also have ~70% win rate with 1:1 RRR trades or 50% win rate while having 2.4:1 RRR trades and so on.
Try to lock in that price, inflation is a dirty dog.
This takes a quarter million tax title license insurance without moorage at least.
Deck bunnies cost extra.
https://www.elitetrader.com/et/threads/get-long.363639/page-46#post-5681890
It's entertainment, my friend. Some like the History Channel, some like the Hallmark Channel, and some like gangster flicks. If I want culture I'll trade. Which are you? Have a wonderful day,Maybe I've seen that movie already, but have no rememberance to it, even now after skimming over at wikipedia :-(
I don't watch such gangster shaet anymore...
This Martin Scorsese guy can do only such gangster shaet. What cultural advancement do such stories of outlaws bring the society or for an individual? Nothing IMHO--> just some useless trash stories of brutal criminal behavior...
350% and below annually is within the realistic range. Beyond that you are venturing into la la land
Ya but he is an "Elite Trader". I wonder how he does in real life?
ET is a toxic place for anyone with ambition and intelligence and independent thinking.
Everyone here considers earning 1.5% per month magical genius performance, and nothing beyond that can possibly be achieved.
If you have plans and goals and talent to achieve more than 1.5% per month, you are living in rainbow land wearing a straight jacket.
The only thing Elite about EliteTrader is the domain name. Eliteness certainly doesn't exists in the people, their trading account, their trades, their records, their minds, their understanding, their execution,
There was a funny Seinfeld episode about an argument between The Statute of Limitations or The Statue of Limitations,
That dumbness is ET,
Everyone here considers earning 1.5% per month magical genius performance, and nothing beyond that can possibly be achieved.
If you have plans and goals and talent to achieve more than 1.5% per month, you are living in rainbow land wearing a straight jacket.
The only thing Elite about EliteTrader is the domain name. Eliteness certainly doesn't exists in the people, their trading account, their trades, their records, their minds, their understanding, their execution,
There was a funny Seinfeld episode about an argument between The Statute of Limitations or The Statue of Limitations,
That dumbness is ET,
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This is from my research using real market data of last week Thursday (2022-09-15):
It means there are more than 216 spread trade candidates that have a MonthlyMaxPnL >= 30% (ie. the net credit one receives relative to the collateral), if the price of the underlying stays constant (just a convention to make trades comparable to each other).
Of course it's not a guaranteed outcome, but a good estimate that it's possible to achieve 30% per month, if done right together with all the other things said (diversification, automation etc.)
The above table is about 2-leg vertical Put spreads only, not even including the 2-leg calender spreads yet, meaning there are even more such candidates out there.
The result looks similar at any time during market hours. Ie. there are enough candidates available every day at any time of the day.
Of course this is a whole-market scan of more than 5300 tickers that have options.
Btw, this is the results using a cash acct. When using a margin acct then the results are about twice better! But margin account has other limitations like PDT rule, margin call etc.
Cash acct is sufficient for my needs and plans.
Code:
# Mon distr:
# >100.00%: 1 1
# > 95.00%: 0 1
# > 90.00%: 1 2
# > 85.00%: 1 3
# > 80.00%: 0 3
# > 75.00%: 0 3
# > 70.00%: 0 3
# > 65.00%: 1 4
# > 60.00%: 1 5
# > 55.00%: 2 7
# > 50.00%: 7 14
# > 45.00%: 9 23
# > 40.00%: 21 44
# > 35.00%: 51 95
# > 30.00%: 121 216
# > 25.00%: 256 472
# > 20.00%: 834 1306
# > 15.00%: 1029 2335
# > 10.00%: 4068 6403
# > 5.00%: 14538 20941
# > 0.00%: 32850 53791Of course it's not a guaranteed outcome, but a good estimate that it's possible to achieve 30% per month, if done right together with all the other things said (diversification, automation etc.)
The above table is about 2-leg vertical Put spreads only, not even including the 2-leg calender spreads yet, meaning there are even more such candidates out there.
The result looks similar at any time during market hours. Ie. there are enough candidates available every day at any time of the day.
Of course this is a whole-market scan of more than 5300 tickers that have options.
Btw, this is the results using a cash acct. When using a margin acct then the results are about twice better! But margin account has other limitations like PDT rule, margin call etc.
Cash acct is sufficient for my needs and plans.
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