Hi, I'm a newbie to this forum, so if this is in the wrong place just shoot me a DM and I'll change the forum. Based on my understanding arithmetic return is higher than geometric return once the level of leverage rises above such a level that ruin would occur in a single trade using a geometric approach. Therefore, leverage must be constrained below such a level to trade using a geometric approach, while leverage can rise above this level using an arithmetic approach. Based on this, would it not be preferable to trade using an arithmetic approach if you have access to such a level of leverage? To clarify: Arithmetic approach - Not reinvesting profits/losses, making every trade using the same sum of capital. Compound approach - Reinvesting profits/losses. Thanks in advance for any responses. Kind regards, TypingDog.