Is this what trading is like?

[farmerjohn1324]

What are your other investment opportunities? Dealing drugs or weapons? 100 % annual ROI?

Building spec homes with the aid of construction loans.

 

[El Trado]

Building spec homes with the aid of construction loans.

Ohh.. Then do not waste your time on trading. If you can get 100% annual ROI in real estate, I think you should really focus on that... You cannot get 100 % ROI in trading without taking risks beyond anything reasonable...

 

[cruisecontrol]

1. I only put an amount into my account that I could "afford to lose."

2. I require high leverage to match the 100%+ annual ROI I can achieve elsewhere.

You can try to micro-analyze every word I say, but at the end of the day.... Are you actually offering up any useful advice? Do you have any real reason I should be listening to you? I can prove every trade that I make.

It doesn't matter how much leverage you use, or how much ROI you wish you had, if you aren't even profitable. 50 times zero is zero. You shouldn't be trading without an edge, period. This is the advice that everyone has been giving you repeatedly in this thread: Get a freaking EDGE or stop trading.

And if you do continue to trade, my god, learn how to control your risk. 50x is insane and will basically guarantee your account goes to zero simply due to volatility drag and regardless of any edge. Such high leverage is only appropriate for sophisticated high frequency strategies with very limited time in the market, or maybe in the least volatile instruments like certain futures spreads.

 

[themickey]

It doesn't matter how much leverage you use, or how much ROI you wish you had, if you aren't even profitable. 50 times zero is zero. You shouldn't be trading without an edge, period. This is the advice that everyone has been giving you repeatedly in this thread: Get a freaking EDGE or stop trading.

And if you do continue to trade, my god, learn how to control your risk. 50x is insane and will basically guarantee your account goes to zero simply due to volatility drag and regardless of any edge. Such high leverage is only appropriate for sophisticated high frequency strategies with very limited time in the market, or maybe in the least volatile instruments like certain futures spreads.

The guy is living his dream and thinks that leverage on a crap instrument which underperforms will give superior returns.
If he wants high risk which he's chasing, he's better off trading TQQQ.
However doubt it will happen, he's hellbent on fx, a wire in brain has short circuited I think which prevents logical thinking.