As i said i used to trade with 1 qty SBIN. Basically for 5-6 years i traded very less, not very often, as i tried to gain confidence and basically failed with any theory i picked up or was popular on traderji etc.
In stocks, even a bit with options( when they were not popular like today) and a bit of futures, but mostly cash.
I knew it was not going to be profitable due to fixed costs, but i can calculate its profitability at higher capital. Aim is not to reach actual profitability with low capital but to get some kind of proof that something can actually work.
More capital is not free lunch in terms of costs as slippage starts increasing rapidly. At scale, I traded stocks cash, not derivatives. In options i guess this matters less.
If derivatives needs more starting capital, then its probably logical that a beginner should not touch it unless capital to experiment is trivial for him. Anyway, one has to decide this himself. Look at failure rate, and decide how much is ok to pay as tuition fees.
If one has 1L to trade, better not trade. What’s the point ? If one has much more, one can wait to get an edge instead of squandering it away without proof.
A lot of the psychological issues get mitigated once you know reasonably enough that what you are doing works over larger sample. Yes on scaling, issues can crop up. But not so much if you do it in steps. And, if you dont have edge and you trade with scale, do you really think emotions will be less ?
You say it from pov of someone who has an edge. I am saying from pov of someone who doesnt know if he has an edge and likely doesnt. Two different things.
Thats my view anyway, loads of people here have cried about losing lakhs and lakhs of money. If they go by above, they could have avoided that - and probably given up at some stage as most dont make money.
