Face it! 95% of you wont make it, so go get a job!

[Mecro]

Quote from trader_david:

I do not agree with the first point.

first even you have siginificant un-depletable capital, if you do not know how to use them to extract money from the market, you may do the reverse, keep flushing your money into the toliet. just like an army, if you are not a trained qualified general, even you own a powerful army, you may be defeated by a less powerful army, the only thing siginificant money can help you is: your psychology, nothing more than that.

Read the rest of the thread because you obviously do not understand the importantance of Capital in any financial venture. Or just connect the words, you know, like in CAPITALism, which is often exemplified by financial markets.

This point is barely worth debating, those who have been around, know just how important & crucial capital is.

as for the second point. I do not agree with it either. everyone can make money in the market by luck,

Now you are just showing how green you are to the trading game. I listed several examples of true edges, let alone mentioning that at higher levels of the game, quality hedge fund managers employ edges to perform.

I'm not laking about luck, which would be apparent to you if you understood what "edge" meant.

 

[Incognito]

Guess no one here ever heard of mispriced options.

 

[Pension_Admin]

Mecro,

Could you please comment on the scenario where there are 2 traders-one with a starting capital of $10,000 and the other with a starting capital of $1,000,000 using the same trading strategy, diversification method, same percentage of risk, and the same required return?

Thanks!

PA