First to be said, I am a trader, doing some BH on the side.
Trading is good IMHO at the moment. And Bounty hunting too. Please bear with me and look at the Return On Investment of both activities:
Trading with a T-6 means about 5 to7 Mill Cr in ship costs, with a cargo value of 110T x whatever Cr. Typically I'll deal in high value commodities like beryllium and palladium. For example I'll take my present milk run. Value one way with 110T of Beryllium is roughly 770,000Cr, return with Palladium is 1.26Mill Cr. A round trip is ~ 2Mill Cr cargo value. Profit is about 330,000 Cr, roughly 3000Cr/T. ROI in this case is 3.67%. A bit less if the operating costs are included. And this is based on a very good run.
Bounty hunting with a nicely appointed Cobra means about 3.5 to 4 Mill Cr in ship costs, no cargo investment but operating costs are higher. Let's say in the 25K to 30K Cr for a 1/2 hour of BH at an Anarchy Nav Beacon chasing NPCs. These costs include repairs, ammo and fuel for a fairly good pilot. The intake is in the 250K Cr range, maybe a bit more. It is a mixed bag of bounties which are redeemable in the 3 different main factions. ROI in this case is 5.5% at the minimum. It is even better for Viper or Eagle, much less so for costlier ships.
I cannot see really why trading is deemed so out of balance, IMHO. Now the main difference is that the income on BH does not scale with the ship size, but through this simple example it is patent that both activities are valid. It is then a matter of purely personal choice to go hunting in a 100+Mill Cr Python, not ED supposedly flawed mechanics.
Just my $0.02.... Please keep the flaming to the minimum
Fly safe!