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Absolutely agree about scalability. 20% with max PTTDD of 10% in a really scalable way (up to billions) is without any doubts a gold mine. 20% with max PTTDD of 10% day trading NQ like I do or EURUSD like I did is very poor trading, which is not worth the time spent.

Not if you cut losses, but ride winners. :)

Yea, running OPM is like learning to trade from scratch again. Feel pretty much so, ha. Much more pressure emotionally, despite there is no monetary risk. But it's an interesting challenge and indeed makes one much more disciplined. Overall profit in points dropped for me so far, because I...

Yea, if there is no strong buying into the close, weekly charts will show a KR and it means a bit on weeklies.

Not at all. Just a matter of timing skills.

True, no shortcuts. But I myself fell in the trap of burning out cause of too hard work. Result was negative, not positive. Only when I realized that trading is about peak performance (absolute focus, patience, discipline et cetera) I changed my approach towards quality over quantity of work...

I know you would unlikely agree, but try to be wrong small and be right big, so that there is only a thrill of victory but never an agony of loss.

No, you wouldn't become one for that exact reason I stated: scalability. I am easily in and out of NQ on double digit contract size risking about 2% per trade (a bit more aggressive with my own money, but more or less close numbers). Now imagine someone having to manage $1B fund. He would...

One very good trader once adviced me: trade big size. Big enough to be really scared to take poor low quality signals. I think he's somewhat right. Trading too light may develop a reckless attitude, very dangerous habit when you eventually decide to move serious size.

Over time I realized that working smarter is much more important than working harder... :)

Well, I see no point in shooting for 20% per year on a small account. As Cutten correctly stated, it just wouldn't cover the casual expenses. Don't you really see the huge difference between small traders and funds and that what's great for a fund is pathetic for a small trader not limited by...

Having the patience to only trade what is perceived as absolutely best opportunities is probably the #1 key to success and also extremely difficult to achieve in the sense of discipline. Totally agree with OP here.

You decide. :) But making 20% on a small account is either absence of efforts or just poor trading. One shouldn't rationalize his/her under-performance by the fact HF's would kill for such consistent returns. HF's deal with billions, totally different story. Trader better be honest to...

Well, that's a bit too much, I don't need so much... :D

Become my client and see for yourself what is fantasy and what is not. Clearly not riskier than your own trades. :D

With all respect, I wouldn't call 20% per annum a good return for retail trader. If you trade large account, millions of dollars, definitely it is good, but then living expenses are not an issue. But 20% average yearly ROC with 20% maximum PTTDD on a small account is poor trading IMO.

No, not so simple (or rather easy) and neither risk-free for sure. Every investment is a risk, but overall such approach makes sense more often than not. There are many hidden risks in life, which are not less dangerous, just less visible.

They probably shoot for rare traders who are somehow left outside of OPM offers, but are willing to try.

Sadly, I don't have a truly scalable approach at my hands currently. :( IMO anyone who has it doesn't even need much to look for funding, funding will find him itself. It's true for smaller scale speculation such as I do and see no reason why it wouldn't be true for larger scale where...

That's for sure. Especially traders who are profitable and want to run some OPM at the same time. But in my view, risk profile of OPM is so attractive it's hardly possible to refuse such a career move, unless you're really a misanthrope not willing to deal with people ever. :) As Smoker once...