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. 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.
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