Hi All,
I’m starting my swing trading investing journey, brand new to it and wanted to roast myself by posting a plan on here. I’ll be learning part time say 6 hours a week for the next while. With the joys of AI I’ve been asking all sorts of mental questions, so now to find out what’s realistic -
12 month learning period (6 hrs per week)
8 to 12 month paper trading to (try and) define strategy
Once ready to begin live trading
£50k capital available for account
2/3 trades a month
3% profit aim per trade
1/2% stop loss (what do you recommend?)
Yearly CAGR based on above? AI says 40% but that’s not modeling real life wins vs losses trends and any random market drawdowns
Is it possible to just keep trading the full account value with stop loss or is that not a sound tactic and better to split?
\^\^ looking to trade part time 2/3 trades a month so wondering (if) account grows does it require more time if capital is split over more trades?…
Thanks in advance!