You said go figure. You post in the ES journal, which gave me an idea of the types of setups you trade and hence the reason for your 100%+ years with 0.5% risk.
Since you said it is wrong, that means it is right. PS: I know it should be right because maths do not lie.
It is because you assume that win rate is a stationary random variable. But if for a few months it drops to 0.2 before it goes up to 0.8 for average of 0.5 2% may drive you broke and 0.5% may not.
LOL, I also post in the CL thread, but actually i trade many different markets and time frames. The point was really to say that even with a relatively small amount of risk like half a percent, you can make a lot of money over enough trades (assuming you have an edge).
Jack, A bang for buck response, critical but fair and may even have been enlightening. I accept your criticism about technical targets. It's like going to the beach after learning the weather forecast, which predicts rain at 3 pm. At 3 pm there isn't a cloud in sight, yet I leave anyway.