You are missing something: Jobs today are quite often just a way to, "spread it around" as Obama says. The middle class jobs are increasingly an artificially creation by the state, and this includes the upper end like "healthcare", lawyers, etc. Our job it to provide for ourselves and families, end of story. The notion the average person must "provide value to society" is a socialist hoax and in fact was technically impossible for most of history.
Because both my parents who worked like dogs after emigrating from cuba to raise me and my two brothers don't have to work, have a house fully paid for and all expense covered so they can relax and enjoy life/travel after so many years of a hard struggle. Plus those tax checks I write cover lots of services etc..
I am proud to be a Trader because every time I short CL, pigs, corn, coffee, beef I am bringing down the price to the ordinary little guy in the street and making his life better. Every time I buy ES I am pumping up the 401K of the ordinary little guy so he can put his kids through college and retire with dignity. Yes sireee, indeedy, i am proud to be a Trader
Trader's job is to create volatility on the market and attract buying/selling, thus pumping money into the market. Businesess that are benefiting from the market (so, the majority or large corporations, funds, etc) obtrain financial means to expand, thus creating jobs and generating enormous revenue for the State. Why not be proud of the fact that while conducting your business you in turn help support and create other businesses and make ''real jobs'' possible?
I see, and when you cover higher at a loss? Please, you folks with delusions of grandeur, tell it to your mama.
Roger that As from Monday I will double up and trade 2 lots and I think that you will be pleasantly surprised with the results.
Is a discipline. I have made a living out of it for 30 years. You are a liquidity provider. You have to understand the world around you. You have to be aware and able to interpret the news. You are in touch with the world. There are many jobs that do not rise to the need of knowledge a trader needs. The government has allowed trading to become more and more electronic, which in most cases is good, but computers have no fear. The markets are being controlled by the government because the liquidity providers have been forced out. Those who believe it is worthless have no sense of what it is to be a disciplined trader
Are part of the public. Please do you really think Grandma buying IBM is getting the best price available these days . Any trader will tell you she is not ,and it is mot an even playing field. Politicians know this and do nothing about it because the are being backed by groups that want to keep the playing field uneven