One of the major problems you as an investor will face, whether a professional or average in size, is that of uncertainty. Not being sure of the security you are dealing with. Not sure of the strategy. And doubtful of the prevailing economic conditions.
Moreover, that uncertainty cannot be measured. If you’re a professional, you have means to do so, to an extent. (Think in terms of the J P Morgan Chase loss in hedging during uncertain times.) But risk can be dealt with to a manageable extent, despite that loss.
On the other hand, uncertainty causes fear, which is always a problem when investing.(See the Earl J. Weinreb NewsHole® comments.)
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