Rod, different topic...I imagine it's way too early for you to draw any conclusions, but do you still think you'll be able to get consistently better returns in our IRA now that you're free of the TSP's restrictions?
So far this year my TSP is at +6.75%, and my Roth IRA is up a whopping 157% since June 30th thanks to making a lot of crazy trades that worked out about 80% of the time. My TSP is about 10 times bigger than the IRA though, and I'm not sure I could move that aircraft carrier as deftly as the frigate, nor would I want to be so free-wheeling with it.
Although I garnered stellar returns as a 10-year buy-n-holder with my TSP (average annual return was close to 15% from 2 Nov 2009 to 23 Dec 2019), I do feel that I will be able to get even better returns because there is a vast array of options to choose from
without any trading/time restrictions. That is the main thing, though-
no restrictions. You can lay your head down at night and not worry about the futures or market open. When you're
not in the TSP, you can promptly react to either negative or positive news. There are no stupid noon deadlines or limited two "trades" a month. The TSP has never been the same since the IFT limit restriction.
And yes, because you are now feasting from a smorgasbord, you must become disciplined. But, I would advise against a TSP rollover until you have complete confidence as a trader (day or swing). If you have a general knowledge, then I highly recommend that you first read this:
https://smile.amazon.com/Day-Trading-QuickStart-Guide-Simplified/dp/1945051817/ref=sr_1_3?dchild=1&keywords=day+trading+quick+start+guide&qid=1604278359&sr=8-3
But, it does seem you have already proven that you can confidently execute trades. Furthermore, it seems you have already proven you can get better returns with your Roth than with your TSP. At least during that timeframe of trading.
When I trade, I rarely have my entire account invested unless it consists of some longs. My ideal portfolio
would consist of some longs with some swings and then day trades. But now it is only day trades. And I would never fully invest my account in a day trade(s). They say you should never invest more than 1% of your account in any one day trade. But I usually invest 4-6%. That is because I execute, at most, 3 day trades (round trip) at a time. I try to have all of my trading done within the first hour of trading... as most day traders do... unless I am swing'n it.
Whatever you choose to do, I wish you the best! And don't forget to get that book... even if you are not a "beginner." It has some good stuff in it.:fing02:
God Bless :smile:
