I hate this situation

[Scataphagos]

I have to aim for 100% annual ROI in order to match what I do otherwise.

100%... that's all?

 

[farmerjohn1324]

100%... that's all?

Is this sarcasm?

What do you get?

 

[newwurldmn]

Ok. So for example if I had $40,000 in my trading account... 2% of that would be $800. At my leverage on EUR/AUD, that's the equivalent of a 0.00225 price movement.

Are you saying I should set Stop-Loss at that level, even if it subjects me to random market noise? Or are you saying I should have more than $40,000 in an account so that my 2% is higher than $800? Or a little of both?

Or less eur/aud in your position.

 

[Scataphagos]

Yes, sarcasm.

I don't have any "thing that I get". I just play for what I can... that and to protect capital at all times.

 

[farmerjohn1324]

Or less eur/aud in your position.

I don't know why I didn't think of that.

 

[newwurldmn]

I have to aim for 100% annual ROI in order to match what I do otherwise.

If you can make money doing something else, you should be doing that thing. That’s the sign of a good trader.

 

[Scataphagos]

I just made $2000 since I made this post! By which I mean that I'm now only down $23k.

The day ain't over, yet.

 

[farmerjohn1324]

If you can make money doing something else, you should be doing that thing. That’s the sign of a good trader.

The sign of a good trader is not to trade?

The "something else" is building houses for sale.

Trading is a lot less stress, except when I lose my whole account that is.

 

[smallfil]

Do not be deceived by the 50%, 80% or 90% returns because that is for short periods of time. If that is the return for one month holding period, a 50% return x 12 = 600% on an annual basis. That is pretty good, any way you slice it. To be fair, you are only risking a small amount of capital each trade so, that 50% is the gain on the amount of capital you put at risk with that trade. So, if you bought a call option for $500 and sold it after 1 month for $750, you gained $250 per contract you bought. That is your 50% profit. Of course, you will have losses too. That is why you need to keep the losses small, if possible.

 

[Scataphagos]

The sign of a good trader is not to trade?

The sign of a good trader is (1) "make as many good trades as you can find"...of course that presumes you know what a good trade is... while (2) protecting capital at all times.