Going solo in trading is a very different beast compared to trading at a prop firm. Yes, capital is a significant factor. The more you have, the more you can diversify and absorb losses which are inevitable in trading. However, it's not just about the capital. The infrastructure, data access, and risk management systems at a prop firm are usually far superior to what you could afford or build on your own as an individual trader.
Moreover, the collaborative environment at a prop firm can't be understated. Ideas and strategies are continuously debated, tested, and refined. This collective brainpower often leads to more robust strategies than what you might come up with on your own.
That said, there are successful solo traders, but they often specialize in niche markets where they can leverage unique insights or strategies that aren't as capital intensive. It's definitely not for everyone and comes with its own set of challenges and risks.
Moreover, the collaborative environment at a prop firm can't be understated. Ideas and strategies are continuously debated, tested, and refined. This collective brainpower often leads to more robust strategies than what you might come up with on your own.
That said, there are successful solo traders, but they often specialize in niche markets where they can leverage unique insights or strategies that aren't as capital intensive. It's definitely not for everyone and comes with its own set of challenges and risks.