RS7 quote"We provide no goods, and no services. We have no inventory to deplete or renew.". . Not enough sleep? No difference between trading and a grocery store, hardware store, etc.. You buy it, mark it up, and sell it. Competition. Inventory rises and falls. Bad comparison. Your just babbling aren't cha.
Well Rigel, comparisons were never my strong suit I tried. Like I said, no one bats 1000. But at least in trading, you don't usually have to pay someone to go to the loading dock for your inventory. And unless you own ENE, or WCOM, U, or a few others, most of the inventory isn't too perishable. May spoil, but you can always dump it on sale Or almost always. Babbling, yes. Drugs kicking in. Did I ever tell you I used to be Hunter Thompson? Rs7
One small caveat re services provided, liquidity and risk transfer are pretty valuable services that traders provide to hedgers and long term investors, without all our tradin' tomfoolery and jiggery pokery stocks would be as hard to move as real estate not to mention all the brokers and market makers we so charitably and gladly support... g'nite u bastids
Well I certainly learned my lesson tonight. No more comparisons! I said no one bats 1000, but I am now batting zero Maybe I will take it back to pure humor like I started this thread. No one disagreed, I had fun, and it was easier. Who really cares about trading anyway? RS7
Well you still hit it out of the park with the Tony/Mark one! "trading is sort of like hockey in that none of the better players have any teeth" How about this one courtesy of our brother qwik
No! No! No! (banging head on desk) I promise I didn't mean to sound argumentative, if you are batting zero i want to be batting purple haze...just cast me as an extra in an 80's buddy cop action move and let me get blown away don't let me damp your flow brotha, I'm a total maxi moron... i think ET is becoming a cross between Cheech & Chong and Lord of the Flies goodnite for reals (yes i know, i have this bad habit with false outs)
When RS stated - "We provide no goods, and no services" meaning we contribute nothing to society. (Please correct me if I am wrong, RS) And the truth is... we don't. Which is pretty a pretty disgusting fact if you think about it. But it's true and if you don't see it - open your eyes. Hopefully some of us will use our earnings in the market for something productive to society later in life... that's all I can say.
On a personal note. And sadly a serious note (sadly because I said I was going to revert to humor): When I went back into trading after a "sabatical", someone close to me came to visit. I had just gone through a very difficult time of my life. My outlook was pretty dismal at this particular time (for good reason...). So anyway, my friend noticed I wasn't my usual happy go lucky self. She asked how come. I had just started trading again, and was feeling kind of useless in the big picture. I told her I just felt like I was "non-productive". Now she was a friend from way back. Back before I ever even traded professionally. She knew me well, and she knew me for a long time. She was an employee of mine in another business a long time before, and also a very good friend. I said to her something along the lines of ....I felt like I wasn't contributing anything to society. She told me I was wrong. I was earning money and that was important. Because people depended on me. And it was my responsibility to provide for them. And the method in which I accomplished this was not important. What was important was providing for my loved ones. She was right. She was a good friend, and an insightful one. Which is why she actually was able, without an education beyond high school...to become an executive at a major company (actually a major brokerage....but not in the broker end of it). When she worked for me, she worked as a waitress. But she was a single mom, and had her priorities straight long before I did. So whether we provide a service to society or not, we certainly provide for ourselves and those we care about and love. And that is a very big deal. And don't forget that we pay taxes.....so if anyone feels guilty about making too much dough, just remember that you are giving away a big chunk of it and "society" gets to decide what to do with it. Supposedly. RS7