Quote from heech:
I guess we're really in different worlds!
Are you paying insanely high commissions? I'm paying (all-in) around $3.60/RT. If you're paying 5-7% of profits at a comparable commission level... then your average trade profit is only about $50-60 per contract?
Well, I didn't think they were insanely high commissions, but they are higher than yours. About $4.00 RT. Some trades have an admittedly small profit target. My strategy can perform perfectly well with an average profit of about $100/contract.
($100 profit - $4 commiss) less the applicable proportion of losses averaged over the period = 5-7% depending on the level of losses during the period.