Trading is extremely rewarding, but do you really think its forever

Quote from Genije:

Well for Christ's sake use your head man. Read a few books. Change is the only thing that is forever. I won't waste my time educating you, people pay for that you know.
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When Washington Shut Down Wall Street:
The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy
William L. Silber
 
I emphatically say NO WAY ! here is why:
the dollar would get destroyed if the U.S. closed there stock market. that would tell the world we don't trust our capitalistic system.
 
Quote from Champion:

No insult Genije but you are a crank (with 7 posts). Capitalism will always require a free pricing mechanism for goods, services & assets. KISS.
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Well we agree, you are just forgetting that capitalism is NOT forever, that is my problem you see.
 
Quote from zdreg:

When Washington Shut Down Wall Street:
The Great Financial Crisis of 1914 and the Origins of America's Monetary Supremacy
William L. Silber
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I am buying it right now, thanks stranger :)
 
I have thought about this before and determined that if the stock market closed I would have to find another way to exponentially grow capital. I would probably venture into real estate.
 
Quote from Trvlwanderer:

Right or wrong about the topic...what an ignorant thread (and OP).
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I think you are a shortsighted fool too. So what, who cares. Happy new year. :cool:
 
Quote from FerdinandAlx:

I have thought about this before and determined that if the stock market closed I would have to find another way to exponentially grow capital. I would probably venture into real estate.
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Yes I imagine I would go down that road too.
 
I used to be one of those tree hugers, seeing faults with GDP up forever and earth resources down forever

simply not sustainable, after I became a day trader I found human greed and ignorance useful

I sold what I know is true, for physical comfort,

LOL this is what Bush must feel like :p :p :p
 
Quote from FerdinandAlx:
I have thought about this before and determined that if the stock market closed I would have to find another way to exponentially grow capital. I would probably venture into real estate.
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This is the best response so far. I was unsure whether to add a comment to all the other nonsense in this thread.

I don't know the OP, so I cannot be sure what his point was. It's highly unlikely that the stock market will disappear, but it is a fool who never stops to think about what would happen if the cash cow stops working for whatever reason.

I know a trader who was averaging over $2k per day during the late 1990's and early 2000's. The last time I saw him he said that his methods weren't working anymore and virtually every trade was turning into a big loss. His doctor was urging him to give up trading for the sake of his health.

It can happen. If we focus too much on how things can go wrong, we risk getting blindsided. There will always be things we don't expect.
 
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