90% of stuff you find is actually useless crap, you maybe need 8 or so decent health potions, maybe 2 stamina at most, unless you are a mage, then a few magica potions, maybe 1 speechcraft potion and say 2 of resist fire/ice/electric. Every other '+60 hp for 60 seconds' et al is really useless extra weight. Alchemy is fun, but unless you want to use it all the time, all ingredients are just extra weight. Ores can be nice, but realistically you can just buy what you need in town on an as needed basis, you will never have to forge a full set of armor/weapon either, you will find more of anything than you could ever use.
And loot? I mean what for? beyond a house you never really need money for anything. My thief had 200000 by lvl 50, my fighter around 100000 and they both owned all the houses, the fighter also brought about 20 horses cause stuff... happened... to em. The only stuff ive ever really spent money on is quality arrows, ores and leather, soul gems and some ingredients, and most of the time I was just trying to give the shopkeeper more cash so I could sell them more of the crap I was carrying. Oh and both of these charecters have piles (literally, dumped on the floor) of magic loot about waist high in the middle of their houses