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Abhijit Dey wrote:
>>"The biggest obstacle to a trader IMHO is the trader himself. Under capitalization is a distant second."
I stand corrected. The biggest obstacle to a trader is the trader himself. If you don't have a successful trading plan combined with discipline, undercapitalization is not your biggest concern. However, having the capital to stay in the game will allow you the time and experience to grow into a more adept trader.
The main difference is that even a trader with a successful trading plan can be knocked out of the game due to undercapitalization.
>>"Maybe you are just so lucky to never have personally felt the biggest obstacle to the trader, either now or at some point of time in your trading career. If so, I truly envy you."
Like most traders, I had to grow. My first trading ideas were amateurish. My early trading discipline was non-existent. Working as a clerk and trading for successful traders and hedge fund managers helped the growth process. Trading other peoples money also helps on the discipline front. I feel it may be harder to do the right thing when your own capital is on the line...
-Seth
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