Good comments, murray t. If you want to count vicarious benefits, you can expand the list of beneficiaries to my data provider, charting software company, internet provider, utility company, and so on. I'm not that philosophical. Vis-a-vis other market participants, I'm solely a taker.
%% Good thinking LOL, power company 2...................................................... And something else/ when i pay power bill after hours that machine des not give change so its a loan to power co LOL Give + take
Thank you very much for this comment, now I understand the mind of a parasite who is just there to extract and not provide. If that is the true reality of winning in capital markets, my own psychology has prevented me from success, not my methods (and I've found several that still work). I've been looking for a way to absolve a guilty conscience, selling to someone who shouldn't be buying. Like you said, it is futility.
You are welcome. Acknowledging a parasitic role is just matter of fact and has no negative connotation. The markets are there for most anyone to participate and enrich himself. In terms of trading volume, people who trade their own money for themselves are in the minority. Large capital pools operate in the same space and they play the role of easy hosts.
%% [Many think of a parasite like a deer tick or horseleech, that does not deserve its blood meal.] Glad you cleared that up positive in capital markets context, savior LOL THIS maybe where Dave Ramsey got the saying '' doing better than I deserve '' LOL Back to trends + give + take.
It depends how old you are. You don't have to become a landlord to allocate some money in real property. If you are in fact wealthy, just buy raw land. The right raw land of course. Will it produce NVDA-like returns? Lol...No. Unless you get lucky, or you were real smart when you bought it. But 30 years from now, you'll realize it was probably one of the best investments you ever made because it will still be there. That is if you didn't get lucky... there's a lot of farmers that have become multi-millionaires overnight when the likes of KB Homes or D.R. Horton came a callin'.
Eureka. Excellent post - thank you very much for weighing in. This is it. My psychology is a mental prison of continual torture when I'm up on a trade. I can't hold winners, but this is exactly why. The fluctuations kill me, and someone has to endure that. That is the value added. This is why a ten bagger is not theft, or taking money from little children.
After almost two decades on ET, with all your posts, you must have read and seen them all. Are we any different today vs the good old days?