True enough. 'Undercapitalized' however is not the real problem. An individual can work from tiny capital. It is failure of effort .. lazy, as you put it. It requires complete and utter dedication to put together a ruthlessly effective trading model. And I'm saying that after the advantage of prior institutional experience in the business .. a floor trader, supervising and advising major futures accounts in NY & Ldn and running a commission house for an investment bank. Truth is the huge opportunity is there only for the dedicated player who sets himself up to win in this game.
I kind of agree with you on some things...the public is definetely in "love" with a lot of public corporations. There needs to be a *really* strong washout for this bullshit dead environment to come alive again.
If you never try, you never know. Know. From one of my favorite quotes: "It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, <b>so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.</b>" Theodore Roosevelt -
"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, <b>so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.</b>" Theodore Roosevelt - [/QUOTE] Beautiful
I think you can make trading much harder than it is. When I tried discretionary trading I thought it was very hard. I consistently lost money on a simulator. When I switched to mechanical trading it became much easier. Of course I've only been trading live for a few years so there's still time for the great unknown disaster to strike. Trading for me has been much easier than my former career. 43yotrader
That was the backup plan if trading didn't work out. Fortunately there were no big differences going from paper trading to live. So the Subway thing is somebody else's dream. You want chips with that footlong? lol 43yo