Trading is not zero-sum. It is negative-sum. You pay commissions don't you? You also often pay into a MM's or specialist's spread don't you?
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Are Traders Ethical
- Thread starter OPTIONAL777
- Start date
Trading is not zero-sum. It is negative-sum. You pay commissions don't you? You also often pay into a MM's or specialist's spread don't you?
Originally posted by daniel_m
no shit metoxx,
What a pack of freakin loonies... If you guys are traders, then i'm ashamed to be one...
anyway, given your completely illogical views of the world, it's unlikely you'll be getting anywhere fast... so i doubt you'll be traders for much longer..
Hey jackass! First of all, while some people's views are more logical than others, how are everyone's views here, as a group, "completely illogical views of the world?" All you do is talk shit. At least be specific? And if you don't like the thread, don't read it. It's that simple genius!
Originally posted by skynet
ethics trust me i knwo about ethics....and trading doesnt invleve it
Nearly anything can be examined by ethics. It is very subjective, although some perspectives are more rational than others (some perspectives are even contradictory or hypocritical). What law school did you supposedly attend?
Originally posted by Paterfamilias
So you're saying lawyers are more ethical than traders? LOL!!!
Get serious, man.
Not necessarily. He could be saying that he studied ethics in law school, since ethics is one of the major areas studied. However, I have doubts about whether he really went to law school.
Originally posted by aphexcoil
Gentlemen,
Honestly, who really gives a rat's ass if trading is ethical or not? If it is not ethical and you are good at it and make 6 or 7 figures a year, are you going to stop -- NO.
You know -- ethics makes for a great philosophical debate in college, but in the real-world, people are constantly stepping on other people's ****s to get one up on the next guy.
It's called COMPETITION. Don't you think that, by our very nature, we all compete for money, pretty women, the big houses, the fancy cars?
The one's who make it just do it -- the one's who don't convince themselves that they don't want it or need it. But I guarantee you this -- nobody in the history of this world has EVER said, "You know, I'm going to refuse this million dollar inheritance because it would make me a corrupt person." Likewise, brothers were stabbing each other in the back just to be the next emperor of Rome after their father died -- and some were killing their dad's to get there.
So in short, if you have it, you lavish in it, and if you don't have it, then you do everything you can do either get to it, or convince yourself it's all materialism -- but let's face it, human nature by its very design is based on materialism.
It is the bull**** they feed you in school that it is wrong to be materialistic. Why is it wrong to be materialistic? There is nothing wrong at all with having a bunch of toys.
If they came out with an eleventh commandment tomorrow that said, "Thou shall not trade," then I would just have to add that to the list of sins I'm already going to have against me when I'm standing before the .... haha ... "pearly" gates (even the Bible is filled with materialism).
aphie
There have been people that walked away from their rich families or highly lucrative careers in order to do something that they thought was more important. So the suggestion that no man in history has done it is absurd. As for your question why it is wrong to be materialistic, the answer is that you are what you stand for. Obviously, we all want gadgets, leisure and security. But if you live only for wealth, then you are shallow and you are nothing if you are without wealth. Those who have happy families and strong principles are very complete, even without wealth. And in fact, if you are greedy then even if you have wealth, you will never be satisfied. And ultimately, if you are not happy without wealth, then you are not truly happy with it. Rather YOU convince yourself that the material makes you happy, when really it only makes you happy on a surface level (although perhaps that is as deep as you go).
Originally posted by sdtrader
"People who say money cant buy happiness, dont f***n have it!"
Actually I know many people with a great deal of money who feel that money does not buy them happiness at all. In fact, some of them live relatively modestly given their wealth. In one extreme case, I know of a guy who was not filthy rich but pretty well off and donated most of his money every year to charity, while he lived VERY modestly. I don' t think this guy is a loser at all. I admire him very much. I wouldn't do it myself, but I think it shows that much more substance, character, will, principle and integrity on his part and I admire him for it.
I am not going to address the ethics of trading, although I certainly do believe that insider trading is unethical!! But I will say that the 1st point was very flawed in one respect. The guy took an unscientific poll of traders and, since he deemed the results to be poor, concluded that traders are less ethical than others. Where is any evidence that others are any less ethical? Is there a poll, even an unscientific one, where he can compare his results to the results of a similar question posed to people of other professions? Otherwise, he is merely guessing how other professions (or the public at-large) would fare.
right on. There is a long list of wealthy people who committed suicide, when the world thought they had all a person could want.
People who say 'money can't buy happiness' are often people who have had it and know. But I don't expect you to get the message. If you have to learn the hard way, at least you will have learned.
Money can only rent happiness.
People who say 'money can't buy happiness' are often people who have had it and know. But I don't expect you to get the message. If you have to learn the hard way, at least you will have learned.
Money can only rent happiness.
I would agree. I am not saying you cant be happy without it....and I am not saying that if you have it....you are happy......but to say it cant isnt true.
And to believe that makes you shallow it also a total farce. There are extremely deep and modest people in the world that simply enjoy what money affords them.
And to believe that makes you shallow it also a total farce. There are extremely deep and modest people in the world that simply enjoy what money affords them.