You are spot on. It still doesn’t mean anything even if you are showing ROI to your clients.
At the end of the day its money we are talking about. Cash is king. We all need money to put bread on the table, or pizza on the table.
If someone is making 1000% gains on their $10 account - fair play to them, but then its time to pull up their pants and start putting their money where their mouth is.
We all know its very easy to trade a demo account and have a massive drawdown and still get a good nights sleep. Why? Because we know its not real.
Try having £50K drawdown and getting a good nights sleep.
Yes this is one of my biggest accounts. It’s not anywhere near £1M but its more than £400K.