Incorrect, but this is most of the problem with public sites, lack of underlying education, you don't need larger position sizing unless you have fixed take profit points, the markets don't work that way because of one simple aspect, you didn't take in to account timeframes, in the Market Wizards a scalper used that as market direction but made most of their profits on swing trades. Again your higher profits assumption is based on fixed targets, and yet the markets also don't work this way, under your premise the waves in the ocean every day would be the same, not on gravitational forces from the moon to name one, but again this comes back to underlying education which isn't the Truman Show, you are correct though, this is not attainable for most people but no one ever said it was, but to say it's not possible is lacking wisdom in market dynamics.
Absolutely no, it is not best most of your trades are winners and you have a high profit per trade, because you could not achieve those results without exposing your capital to massive losses, what I am saying is you need to be shown how to expose less capital while generating better returns, not losses, of which you would absorb 20% or 50% or 80% allowing you to manage the capital more effectively, which is separate to recovery. The financial markets are designed to make sure you have 92% probability of loss 92% of the time, which equates to the number of millionaires in the world at around 0.5%, which equates to their per year returns expectation of 15-20%, based on them exposing 20% of their net worth to the financial markets, wisdom provides a lot of things, it's the black or white sheep to voting, depending on how you look at it. If voting mattered they wouldn't let you do it. If wisdom didn't matter they would let you have it. Where's that Boeing trade, one second... Don't worry I won't post the new ones, here's the one on this site for Nvidia where everyone said it wouldn't drop below $400 and wouldn't rebound to $480. Anyone can wait for these trades, on low very low timeframes they come every day, on higher timeframes every quarter or year, but they are always there without exception, however there is the underlying problem, lack of confidence namely FOMO causing people to expose their capital when they shouldn't and not have capital or determination when they should, erasing profit opportunities back to basics, which comes back to education, back to lifestyle, it's a fun game of attrition which wealth and wisdom excel at and the rest don't, nothing more, nothing less.
Are you joking? I searched Google and min. wage in OKC is $7.25 per hour. Leave the fast food jobs to teens and retirees needing to supplement SSI income. It's hard to fathom that at your age and with your experience you can't do much better. Regarding your original post, the market index is not a useful benchmark for active trading. Percentage returns are for passive investors and people who run pools of capital for fees and commissions. People who trade their own money for income sweep profits regularly and are set up for quarterly accounting. I know that brokers now calculate annualized returns taking withdrawals into account. Who cares really. Build your mind.
Same WAIT principle for trading: Why Am I Trading? Akways best to let the market show you its intention …… nothing worse than your own wishful thinking. lol
Or maybe I'm explaining to new people that if they target high win low loss rates with profit targets on variable change using infrequent trades - which aren't infrequent if you use low timeframe as the dynamics are the same across timeframes and building up over the timeframe cycles, while using training capital - they can beat you in the markets and absorb your losses because you use a fractional approach trying to make it to 15-20% per year exposing too much capital to the markets making double or more in profits then losing most of it I trade against hedge funds and institutions and sometimes, although missed the last one when oil was at $6, against large companies and sovereign because that's where the real profits are made, something fractional traders which make up the majority can't do, even most hedge funds work this way and what's the point of doing that if you're not going to get paid for it, making $200k alpha recovering $130k is easy money, but like setting up a fractional hedge fund, in the end it's just not worth the effort, no one is going to train a fractional mindset no matter how much you pay them, distracts you from the calm and serenity of actually getting it right.
Hello SimpleMeLike C-sharp (C#) is cool, and there is no such thing as C-Flat, but calling your software #C is genius. I think you're on your way to trading immortality. Dub the next version of the software, the next "beta" version or whatever it is geekdom calls this type of thing---E-Sharp. You'll stand out in the crowd. And never forget, it takes dissonance to beat the old school guard.