It's not that obvious though, there's a small % of people who have a strong sense of altruism, very few in this business though, more want to minimize their risk by giving themselves a guaranteed steady source of income in addition to whatever sporadic trading winnings they would have the luck and skill to get from day trading.
I believe this to be a complete fallacy. What are the character traits of a successful trader? I'd say you don't come across "charming" often. & what are the motivations for getting into this highly uncertain line of "business" as you put it?
Individual self-gain in a non-cooperative and self-reliant setting is the main motivation. What exactly is a complete fallacy? You think no one has a strong sense of altruism? Sociopaths are more common in business and trading in particular than altruistic and caring personalities.
Great point-- see I learned a long time ago that TA SELLS. It fits perfectly with the mindset of losers and fast money addicts. Just follow this map ( the chart) to wealth-- it's a follow the leader lemming philosophy of the masses-- either they grow out of the delusion or end up broke. surf
The financial markets are a jungle full of predators who want your money. The entire system is DESIGNED TO DECEIVE and MISLEAD---
Facts are that you are GUESSING and PREDICTING everytime you enter a trade without a real edge. Only the deluded believe that TA gives an edge-- facing reality is the first step to winning. off to the Ft;Lauderdale Boat Show--- peace surf
URF is a salesman who earns a living promoting himself on elite trader. He failed as a trader when he tried to call a bottom without using a stop and his hedge fund collapsed. The primary investor in the fund killed herself because she lost everything. URF, if I missed anything, and you want to debate the facts, then please correct me. Otherwise your inane comments will be ignored. Opinions don't matter, only the facts.
Is that a serious question? I mean, really, that's what you'r gonna go with? (Look at the post again but please don't ask again)