Ever since I started trading, I couldn't help asking myself the question: What good do daytraders do to society? What's the point of flipping stocks 30, 50 and even 100 times a day, Other than (1) engaging in a minus-sum game (ala Alexander Elder) where 85-90% of players make the other 10-15% rich; and/or (2) supposedly providing liquidity and making the market more efficient; and/or (3) keeping people at Datek, IB, eSignal, etc., employed. What is it that a daytrader does that he/she can be PROUD of? I can be proud of being a firefighter, I can be proud of being a teacher, a truck driver, or even a stayhome mom, but can I be proud of flipping stocks 50 to 100 times a day? (1) doesn't seem to be an economically productive activity, because card counters do the same in casinos. Yet we don't normally consider card-counters as economically productive individuals. (2) could be a potential reason for daytraders to be proud of, but it is quite odd to say that you are proud because you are making the market more liquid and efficient. Anybody can make that argument when buying or selling stuff at eBay or at the local market, i. e., if we believe Adam Smith's "Invisible Hand". However, even if that is the case, daytraders are still not producing anything other than redistributing money. So (2) sounds very dubious to me. (3) may be close, but you can make the same argument for work in casinos and whore houses. Yet we know that a healthy economy cannot depend on these "fluffy industries" as their backbone. People have to make money somewhere else ("work at real jobs") in order to gamble or frequent a whore house. So the argument that daytrading provides jobs is a tenuous one at best. It's still a "fluffy" profession, however you look at it. So what can a daytrader be proud of? Can one be a useful member of the society by churning stocks or futures contracts day after day? Please don't take any offense for those of you who are daytraders--I don't mean to be polemic. It's just something that's been on my mind for a long time. And I want your thoughts on this one. stock.