Disliked{quote} Yes, because only an idiot would rather trade their own money instead of someone else's if given the chance. The reality is that the average retail account in the US is 1000 USD, according to some of my contacts in Toronto with one of the larger retail firms in the world. The reality is that NOBODY gets rich trading their own money. Why? Because they don't have enough to start with in order to do so. I would also suggest that if they did - they wouldn't be trading it. Simple math: $50,000. 20 percent per year. Total after ten years, 309k....Ignored
1. "The reality is that NOBODY gets rich trading their own money."
Nobody is a strong word, buddy.
2. "oh shit", you forgot compounding. 1.2^20= 38.34x = almost $2M. Let's say you started with only $10K (not $50K) and spent the rest on your living expenses and whatever and kept working your contractor job or whatever - you could easily survive. $10K*38.4=about $400K. $400K still means you wouldn't need to bother with some weird fake-prop-shop after 10 years. And that's being a total coward with leverage. Your numbers just don't add up to make the point you're making. By the way, 20% a year is rather pathetic for a non-institutional very small size trader. You could've bought a 2X levered S&P 500 ETF and spent the time you spent on trading on masturbation and you would still average 20% a year.
3. "Trading isn't a competition." <- one of the dumbest things I've ever heard. Literally.
4. "It's also not tough." - yeah, that's 95%+ of retail fail.
You can say superdumb stuff like the above that will be eagerly eaten up by the peanut gallery here like some superwisdom but it won't work with me.