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Assuming we're talking US equity market, no margin, no derivatives,
long/short portfolio or long only portfolio:
A good benchmark is 10% per month - and let compounding take care of your
annualization.
Before firing up a spreadsheet, I want to say this based on my experience:
It is no the monthly number that matters - it is the consistency of
achieving that number over an extended period of time.
Thus if 10% seems a stiff threshold to match, I'd start with 3% or 4% per
month and work my way up 1% a month at a time.
Again, over time, the actual # per month in the initial stages won't really
matter - you'll find you have achieved some stable % "comfort zone" level of
performance, with the attempt to get more leading to risky mistakes, and the
achievement of less leaving you with an unsatisfied feeling.
Gitanshu
>To be very successful as a trader what should one expect for a yearly
return
>on their trades. <snip>
>one whose philosophy is to buy and sell a position normally within 30 to 60
>days. I am trying to establish a goal but I am also looking for a
benchmark.
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