Long time readers might know I am a coffee fanatic. I love coffee, and even thinking of open a cafe at some point of my life. Making a cup of good coffee takes skills, experience and taste. Choosing coffee beans, controlling water temperature etc.
To fulfill the dream of owning a cafe, I can buy a small machine at home, learn from books, internet, and practicing at home. Another route is to get a job (part time or full time) in a cafe, and learn from job.
Either way, there is no guarantee of success. This leads me to think about trading. I define a good trader as someone who are able to not only trade, but also managing risk. Some traders work in banks or institutions, and then blow up. Some traders work from the basement or garage, and then, blow up. Banks/institutions provide trainings or guidelines. Private traders work their way to create trading plans, acquire risk management skills etc. The only difference I can see is institutional trader blows up big amount of money, and appears on newspaper headline. Private trader blows up and pathetically post a video on blog.
Does it really make the difference by the “Where” you started your trading career? or Trading is really the most individualistic business on the planet, no?
So, what am I going to do with my Cafe dream? :o: