LOL....you are Waaaaaaaaaaaaaaaaaaaay over thinking this trading thing.
This is exactly why youngsters are best for training.
This is exactly why youngsters are best for training.
Quote from Pa(b)st Prime:
Other than being a criminal there's few livelihoods more parasitic than being a trader.
If I'm lucky enough to have on a rare winning short position do I not rejoice at my good fortune even though it comes at the expense of widows and orphans?
Sucsessful speculation is nothing more than adeptly front running new orders.
Who do those market moving orders belong to? Pension funds and the like. So a GOOD DAY for a trader is a day where he lifted offers in front of a size buyer and caused an already under performing pension fund to pay more for a stock they need. Noble stuff.
That's why these leftists in the Modern Trading World crack me up.
A generation or two ago, guys like Soros would've been targeted for death by groups like the Red Brigade. In a sense, rightfully so.
It's been clear to me for years why Soros and Buffet and more recently Tudor want to be perceived as "the people's billionaires." It's a duplicitous, self preservation front to deflect hatred and possibly murder.
If it meant a big year for the Quantum Fund Soros wouldn't care if he cut the purchasing power of an impoverished nation by half when raiding their currency.
Weirdly that's one of the things that ATTRACTED me to trading. The notion of being an economic terrorist. I wish i could bring down the treasury with one mouse click....