Hello wxytrader, I am not sure all the fancy words with yield and percent and stuff. $100K capital should get you $1 to $10 million a year.
lol lets do the math. Google AI says the average day trader aims to make 5% return per month. So annually you would make about 60%. You can just buy a high yield dividend etf and make the same, AND get capital gains on top while watching netflix. Here is an example of trading for 12 months starting with 100k, and making 5% every month compounding. To get to 1M you would need to return 24% monthly. To get to 10M you would need to return 53% monthly.
My friend wxytrader, Do you really think I give a damn about what Google AI is talking about?? What the heck Google AI knows about trading. Fuck Google AI. I don't care about that spreadsheet crap. Go on the chart and make money man. Lol what the heck you doing on Google AI? You seriously think a AI going to help you get rich trading? Yeah right
That's why they're called swing traders, because they're at parties swinging with chicks and don't have time to exit their positions? That how it goes?
Hey SML how's it going?? Swing trading is an easy way to make a buck. Buy stocks that are going up. Sell them when they stop going up. What's so hard about that?? I spend maybe a 1/2 hour a day running scans and doing research. I'm never nervous and always sure of what I'm going to do next. A little risk control and you have minimum drawdowns. I don't stay in drawdowns for months or years and I make enough to live very comfortably and still increase my net worth. Don't know where you got the idea that swing trading was so hard.
If it goes down, great, it would go back up to 100K eventually with many nice breakouts If it goes to 150K+ (what prevents it?), great, it will do many nice breakouts
Hello themickey, Im not sure what swing traders are. They hold winners for hours and days. That's not for me, I don't like that stuff