3 Responses to “Friday’s live trading video…”

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  1. Paul Oak says:

    Hi Charlie,

    nice video! First thanks for your videos, they really help. I wanted to ask you a couple of questions…

    First, I’ve been swingtrading from the beginning this year. 3-4 trades a week, some of them are little swing that last no more than 24 hours. I’ve been risking less than 1% per trade, ussually around 0.5%. I return in 7 months 8%. Do you think is a good return? I’ve been trading for 4 years now, but this is the first year that I finally found my methodology and apply it. I know I have lots of things to learn and I could improve. My aim would be 50-100% a year. Do you think is a doable goal?

    Another thing that I wanted to ask you is about pension plans. I’m thinking about doing it on my own. just buying a couple of indexes, and buying more every month with a fixed amount from my salary. I’ve been doing the math and it seems to be a good solution talking about a long term plan. 40-50 years. What do you think? Or is it better to just trade it all? I thought about separating my pension from my trading now that I’m starting also to diversify a little bit.

    Thank you for everything, it really helps, and sorry for the long message…

    Kind Regards

    Paul

    • Charlie Burton says:

      Hi Paul, yes well done and that’s a decent return as you have only just started to hone your strategy. Yes 50% a year is doable but you would need to risk more like 1% per trade in order to do that.
      Yes the pound cost averaging strategy on indices over the long haul is definitely a good steady approach for something like a pension. Sorry for quick reply, I’m on vacation…

      Charlie

      • Paul Oak says:

        Hi Charlie,

        thank you very much for your answer! I just wrote it assuming you’ll respond after your vacation! Sorry for interrupting in that way!

        Thanks again, that really helps, seriously, gives me perspective!

        Kind Regards and enjoy your vacation!!

        Paul

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