Great Traders Have no Morals

THE point is Morals means doing what is generally believed to be "right" OR not participating in what you don't believe. I'm not holier than thou.. I did fine long today.. just that I can't honestly tell my Mom to buy Ryland today..

Maybe I have solved my confusion.. Warren Buffet probably buys stocks/markets when it definitely doesn't seem "right"...
 
Quote from retire45:

In order to consistently do well you can't be a person of principle, doing the right thing all the time. One of principle would have been shorting all day today and will keep doing so until he/she is proved right.

By making money long Today you were part of a crime and are no different from those crooks on Wall Street.

Now if you can trade with Charts ONLY (like I do?), completely oblivious to everything else, then by ignorance you are ok..
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LOL this thread.

Where do I begin?

The list is endless ...

But please, don't let me stop you. Feel free to get back up on your soapbox.
 
Quote from brocklanders:

Yeah, keep doing that and you'll be surrounded by principled monks sleeping on mats and eating rice for breakfast, lunch and, dinner. Great advice to give someone who is looking to shed the material trappings in this world but not sound trading advice, sorry.
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Ahh! That was my point.. You can't worship 2 Masters.
 
Quote from brocklanders:

Yeah, keep doing that and you'll be surrounded by principled monks sleeping on mats and eating rice for breakfast, lunch and, dinner. Great advice to give someone who is looking to shed the material trappings in this world but not sound trading advice, sorry.
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Believe it or not, this really is just another illusion ... it's fascinating the things that human beings can come up with just by using (or not) their mind ...
 
Quote from MandelbrotSet:

Believe it or not, this really is just another illusion ... it's fascinating the things that human beings can come up with just by using (or not) their mind ...
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Absolutely true. I couldn't agree with you more...
 
Quote from retire45:

In order to consistently do well you can't be a person of principle, doing the right thing all the time. One of principle would have been shorting all day today and will keep doing so until he/she is proved right.

By making money long Today you were part of a crime and are no different from those crooks on Wall Street.

Now if you can trade with Charts ONLY (like I do?), completely oblivious to everything else, then by ignorance you are ok..
More...

So you've never looked at a woman other than your wife or gf and thought about banging her?

Oh, thats different. Because its your dick right?

Let me tell you something. The Dali Lama is just a trouble maker in orange robes. How does he eat? Who supports him? What is his gainful employment?

Bottom line: If you took all the $ in the world and divided it evenly, in less than 20 years the people who had it originally would have it again. Probably less time.

Thats about as benignly amoral as you can get.

No one forces you to take the other side of the trade or anything else in life.

You're not really naive enough to believe we're living in a democracy are you?

Caveat emptor
 
Quote from retire45:

Ahh! That was my point.. You can't worship 2 Masters.
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LOL. Ok, if you want to equate making (or losing) money with morality that is your decision. Whatever you believe will be true for you. Thanks to God for free will.
 
Quote from retire45:

In order to consistently do well you can't be a person of principle, doing the right thing all the time. One of principle would have been shorting all day today and will keep doing so until he/she is proved right.

By making money long Today you were part of a crime and are no different from those crooks on Wall Street.

Now if you can trade with Charts ONLY (like I do?), completely oblivious to everything else, then by ignorance you are ok..
More...
WTF is this dogshit?
It goes beyond illogical.
 
Quote from Champion:

WTF is this dogshit?
It goes beyond illogical.
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Yeah, someone had a bad trading day and needed to vent. It has turned into an interesting thread though...
 
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