Professional trading is covered with lots of misconceptions, myths, and unrealistic expectations. It’s very hard to achieve a goal grounded on false premises. If you heavily underestimate a number of resources needed to achieve your goal, you would sooner or later meet disappointment, feeling yourself betrayed. That’s why it’s time to uncover some of the myths around trading.
I wasn’t working on top positions for leading banks or hedge funds, i.e. my understanding comes from individual trading and my own experience/observations. Yet, some of my friends work for relatively large financial institutions, and I have pretty clear understanding of what they do there.
My assumptions in this article are not based on serious research and statistical numbers. I will rely on what I know and what I believe is true. […]