Define "f***ing idiot" and I might even agree with you for a suitable definition (although I'm probably giving you too much credit, and should...
The sign of the expectation of a bet is one way to look at it, but I don't think it's the common view. I play irrefutably positive expectation...
PhD, applied math. Numerics for partial differential equations. Applications in computational physics. Yeah, I think we're on the same page....
I would agree on the whole, as I just wrote. I'd add that the original post was about how laypeople perceive what traders do (and the...
I think we crossed in recent posts (you'll see I said basically the same in my last post): I agree with the risk transferrance interpretation of...
If this is a display of the critical thinking skills of the average trader, I like my odds in this game. I've never been burned in any market...
Compared to what? People have been getting hit with 6% or more commissions in real estate forever, and yet the real estate market seems to...
I'm not trolling. If someone can specifically refute something I've said, please do so. I'm no expert on markets and I could be wrong in the...
The general public typically buys and holds, or trades infrequently enough that they don't particularly need liquidity nor low commissions. If...
I notice that those who want to dismiss with a smiley have nothing substantive to say.
Name one. Seriously. Maybe there's one I don't know about.
You can't escape zero-sum no matter how you shuffle the money around in a market, nor who's it is, nor who is doing the trading. There's nothing...
Very interesting assumptions you are making. I say market trading is the selfish pursuit of wealth transfer with a zero-sum outcome and you make...
Agree with your first assertion. Also agree that people work to make money. However, you guys are pretty funny in the way you (collectively, not...
No, that's your assumption. What I don't have is some fantasy that trading is something other than a purely selfish pursuit to take money from...
The clear implication is that they are comparable, i.e., the "junk" of capitalism that we could do without.
You aren't helping the respectability of the practice of trading markets with comments like this.
I have the background, and would not be bored with the details, to the contrary. Can you point in right direction? PM me if you'd rather.
No, I am coloring the definition with the common bias. This thread is about people's reactions to telling them you're a trader. I am offering...
Low variance.
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