I hate this situation

[easymon1]

Currently I just look at the recent trend and go in that direction. I'm planning to either upgrade this strategy or abandon trading completely.

Go give Ken's room a try. It's way less than you stand to risk on each and every trade you enter. It'll save you lots of time. If it doesn't resonate with the way you do things, you will still have a view into the methods, preparations, ongoing dialog of decisions that a trader goes through as they trade.
If you don't like to take advice then that's a common horse of a different color lol.
Teaching traders must be like herding cats.

 

[Millionaire]

Am I being unreasonable to think I could ever achieve a 100% ROI?

If you are risking 2% and not compounding then you need to make 50 times your risk each year to make 100% returns.

50R a year.

Sounds easy. Except it isn't. Losing streaks and drawdowns are what break a traders discipline.

An automated system will have lots of dispersion in the results to average 50R a year, one year it might make 90R and the next only 10R.

 

[Snuskpelle]

I don't know of any way to control the amount of leverage I use. The leverage is mandated by the brokerages or written into the contracts.

You're talking about max leverage.

Actual leverage = Position size in dollars divided by account value in dollars. I.e. you control the leverage you use by the size of the positions you take.

If you're trading something with built in leverage like ETFs you also need to multiply size of ETF position by the ETF leverage factor to get the real position size in underlying.

 

[S-Trader]

With proper safeguards, I should make a profit even if I'm only right 51% of the time.

?? Not necessarily true in general, although I guess it depends on your specific trading system. You could have a 99% win rate (if that's what you mean by being "right") and still be a losing trader if that 1% losing trades exceeds the amount you won.

 

[Zwaen]

?? Not necessarily true in general, although I guess it depends on your specific trading system. You could have a 99% win rate (if that's what you mean by being "right") and still be a losing trader if that 1% losing trades exceeds the amount you won.

So not true, tell that to Niederhoffer!

 

[billv]

I don't know of any way to control the amount of leverage I use. The leverage is mandated by the brokerages or written into the contracts.

You could ask your broker to reduce it but you don't have to.

Leverage does not hurt you if you don't over trade for your account size.

You simply have to adjust your position sizing down by 10 times and if your ROI is small
then you will have to either trade more frequently Or to increase your account size.

If you want to keep your existing trade size with your current account equity,
you would be to start using a SL and to limit your loss per trade.

 

[Illini Trader]

I actually am 25% Russian !!!

Well now -- then starting now I am not reading 25% of your posts.

 

[KCalhoun]

in my most profitable year, i was wrong 71% of the time, eg a 29% win rate. thats irrelevant... its net profit that counts

im often wrong say 15 out of 20 trades, in a sequence, but the 5 that light up put me in the green bc the size of the wins in those is alot bigger than sl costs (I often use .08-.15 hard/trailing stops 200-400 shares at a time, up to 115 rts daily)

 

[easymon1]

in my most profitable year, i was wrong 71% of the time, eg a 29% win rate. thats irrelevant... its net profit that counts

im often wrong say 15 out of 20 trades, in a sequence, but the 5 that light up put me in the green bc the size of the wins in those is alot bigger than sl costs (I often use .08-.15 hard/trailing stops 200-400 shares at a time, up to 115 rts daily)

If this guy had a sax intro to his trade, I'd think I was listening to KC dine and dash.
cued...

 

[Nobert]

I try not use hate word as well, nor any slang similar to it. Cliche as it may sound, first you have to deal with-yourself. External reasons can't nor has a right to cause hate.
Hate, is a choice.

But then, who am i to say so, never been 25k down (yet) on my fundamental thesis, thus, who knows.

Maybe will start to curse like mad, once it happens

,,F****** PigSt hom** stole my monies"

(Laughs) , something like that.