Hi there, I'm fairly new to trading. I have started trading stocks and index a couple of years ago, trade without strategy, made typical mistake and lose money. I do feel a passion about trading, however I do have a question which lingers in the back of my mind, which to a certain degree undermines my determination to 100% commit to trading. Does independent trader really makes money? On consistent basis? By independent trader I mean someone who is not an institutional trader, who access the market via their broker. I understand there's plenty of prop trading firms which make money, and traders they employed get paid handsomely as well. However what about people who trade independently? If you can success as independent trader, why would someone work for a firm instead of trading one's own account? I talked to traders who work for IB swhen they held a info session at uni. They don't have a high regard for independent trader. They basically said nowadays it is very hard to have an edge for independent trader, and even institutions are competing fiercely.