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Anonymous

20 Feb 2021

∙

General Investing

Any good resources to learn technical analysis for swing or day trading?

I have been swing trading with quite a fair bit of success so far, at around 20% ROI in a week. However I think that I could greatly improve my performance if I learn in depth technical analysis. So are there any good resources you guys would recommend for learning technical analysis? Thanks!

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Zac

20 Feb 2021

Noob at Idiots Invest

20% weekly return for day is actually very good. Let me rephrase that. It's crazy good.

With a weekly profit of 20%, you don't really need to chase further improvement. If you trade weekly, in a year (52 weeks) your account size will increase by 13,105 times. That is, if you have $1k in your trading account today, by this time next year you should have $13M.

The question is how consistent is your your trading set up - can you continue to be profitable at a clip of 20%? If you have confidence in your set up, then don't fix what ain't broke. Just stick with it and let your account compound. You just need to be consistent.

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