Is Casino a fair playing ground ? As far as I know, it is legal to visit them in Las Vegas (provided casino continue to pay tax to our gov)
Another specious argument passed around like a drunk teen at a pool party. How can grandma be ripped off on the buy and the sell at the same time? I'm surrounded by anii
That's totally true for the internet bubble circa 2000 and the GFC ('08-'09). Most other years it's work.
I wouldn't use the word proud. Practical would be a better word for me. Though I owned my own practice, trading from home is a lot easier in most respects. Both paid/pay the bills but now, easier commute no rent no employees can work in my underwear (yeh, I know, bad visual ) can take a day (or more) off anytime I want w/o guilt can replace my entire work wardrobe (gym shorts) in one annual trip to K Mart the challenge the reward and even the exhilaration of beating the system While at times there's stress in trading, you're in control of it. Had enough? Go for a swim, whatever. Not so easy to do that when you're booked 9-5 with app'ts x 6 days.
Thanks for the good replied everyone. Keep them coming. And thanks ogarbitrage for that great Ayn Rand quote. I'm not really comprehending how some of you guys don't feel that trading benefits society. No traders = no liquidity = no publicly traded companies = no economic expansion. We are the oil that greases the wheel of the economy and keeps it going. We are the guys that no one acknowledges and who they call gamblers, and yet we provide value beyond measure.
You sound clueless and delusional. Profit has nothing to do with meaningfulness and value to society, often quite the opposite. Read up on why stockmarkets were created. Hint: It was not to provide short-term gains to speculators.
I think you are the one missing something. Ultimately economics is about people making and doing things for others. It isn't a platitude- if we as a nation don't produce something of value to others then we will collapse. Traders produce nothing of economic value. On a personal level I understand. For some reason I must be different because although I like the idea of making money (or shall I say taking money?) for myself, sometimes I miss the feeling of accomplishment I had in my previous career. There simpy is no external meaning beyond your family for the activity of taking money from other traders.
that was funny But the guy you quoted has serious delusions: It is as if the 90% of traders you take money from and cause hardship to don't exist... ask yourself this: If you made 100K for clicking a mouse, and then you bought a house, didn't someone have to pay with their hard work?