How many of you believe it is realistic to make 20% a month consistently trading stocks only? No options, futures. If not 20%, how about 10% per month or better, every month ? After deducting normal commissions of course
20% a month compounds to 790% a year. Not one in a thousand among <i>successful</i> traders can do that, with any instrument. You should try a more realistic initial target, like: Don't lose money in the first year.
I suppose if you're really good, and if the market cooperates, it could happen. You'd increase your chances by looking into 2x and 3x ETF's that have higher percentage movements. But just regular stocks? I can see 10% I could probably do 20% if I was using 2x ETF's and a margin account. Without either one of those, though, 5%. Why though? if you're doing day trading or swing trading, why not go 2 or 3 months to expiration to limit time decay and trade calls and puts?
Yeah I guess so. How long would it take to turn $10,000 into $10,000,000 at 20% compounded? Is that realistic?