How many of you ETers are planning on or already growing your investments at 20% / year? It that enough for you or are you only interested in 40%+/yr returns from short-term trading? Please answer the poll question.
I wouldn't turn down 20%, but I wouldn't stop looking for better things either. With enough leverage, you may only need to make 5-10% with low risk before leverage and it can turn into something reasonable.
I think more value can be derived from your target by specifying the volatility you expect with a given return. For example for 20% I would expect 2% but for 36% I would tolerate 5%. Retail traders want total return while pro money managers will go for the highest sharpe. And yes, leverage can be used as a multiplier if you have a stable sharpe.
20% is outstanding, but only trading Dividend stocks so I can get 5-15% extra, most forget about only trading these types of stocks long term.
I think a long term annualized return of 20%/yr is nothing to sniff at. I generally shoot for around 30%, sometimes get 40% and other times sub-30%. But if someone would do my trading for me and give me 20%, I may well take them up on their offer!