This thread is so negative. Sure many people lose but we are here to be the 5% that win. Let's focus on how we can get there
Success means different things, to different people.
For myself, I am quite happy with an annual ROI target of 25% to 30%.
For others, a return of 25% wouldn't be anywhere near enough to provide a level of income to live a comfortable life.
Consider this for a moment...
Successful investor #1:
Investment account balance: $500,000.00
Annual ROI of 25%: $125,000.00 profits
End of year account balance: $625,000.00
If you withdrew the $125,000.00 on January 1st, you would have approximately $10,416.00 USD a month to live off of for the year. All the while you still have $500,000.00 USD in your investment accounts.
$125,000.00 USD / 12 months = $10,416.66 per month
While I realize that an investment account balance of $500,000.00 may seem like an enormous amount of money, and I do agree that it is a considerable amount of money regardless of who a person is, however... it isn't an unattainable amount with a successful investment strategy, discipline, and control of ones emotions.
High probability trading and Low risk investing
Reasonable lot or unit sizes for your tickets.
It is unreasonable to think a $1000.00 USD account balance would support the use of 10.0 lot sizes or other such nonsense.
If an investor is trading 0.01 per $1000.00 USD, this would be considered a safe investment level.
If you have a ticket in profit, then simply set the SL to breakeven, or just above breakeven for a small profit, then let
the ticket run, and stack another 0.01 ticket into your basket.
Just keep doing that until the market tells you when to get out of the trade.
Be sure to keep moving your SL levels as your tickets increase in profits.
When your SL hits and closes out your tickets, you will have collected profits on all your tickets.
As your account grows, you can increase the lot or unit sizes.
It is better to make a consistent profit over a long period of time, rather than make a huge profit in one day, and then losing it the very next.