To those that say trading is a 0 sum game...

[volente_00]

Quote from olias:

futures trading is a zero sum game. Stock trading is not. At least that's how I see it. In stock market the company sells it's shares. If the company performs well and the company keeps increasing in value, everybody wins basically.

and if the ipo was 50 and the company does a buyback at 100 3 years later ?

 

[Swan Noir]

No daytrader can possibly give the wealth effect even a thought.

Quote from thegreatgazby:

They're not trying to, you make out the "wealth effect" is the key to profitability

I would suggest just as many traders trying to take advantage of the "wealth effect" blow up as daytraders

And that's because the "wealth effect" has fuck all to do with discipline, money management and a valid edge

 

[Fireplace]

Look at the source of the 'wealth effect' discussion....."failed trad3r"........nuff said

Quote from Swan Noir:

No daytrader can possibly give the wealth effect even a thought.