ONe reason the 'day trader (Scalping) off the floor. is not respect ed could be fact that any "YAHOO" can open an account with 2k and try to trade.
Scalping on the floor may may not be"Looked Down" upon. However, most of your "floor traders" scalp. However, you must either belong to a SET Group or own a set to be on the floor. Just look at the basic CME Set prices and that will tell you why "Floor Scalpers" are far more respected, in a sense.
Any "Yahoo" can daytrade. It doesn't take much capital. Shit, you can open a Forex account with 300 dollars.
"DayTrading" has become "Cheapen", water down, "Socialized" in a sense.
Also, the imagies of "Fraud", Manipulation, front running etc that the Media brings to the attention of the "SHEEOPLE" does not help.
Even the fucking pathetic socialist on ET, fool themselves into thinking that they too can make a living daytrading a 2k account.
Much like the Reputation of "Elite" Universities vrs some shit State School. Same logic, same kind of animal.
Of course there are exceptions to the rule. There are some very successful daytraders turned "Fund Managers".
But less attention is brought to the successful and more to the "loosers", the idiots, the pathetic.
Also, "ENVY" plays a big part. Those fat, disgusting "DESK" Traders taking orders from some Balding Corporate Jock in the back office of what to trade and what not to trade. Like a little bitch. The desk trader who is unable to act on free will.
Also, the idiots in the "Expensive" suites who lick each others asses in Board Rooms and IB/ M&A meetings. The "collective" baboons who run around making mistakes and getting paid for them.
So, who cares what one thinks or what the "collective" think about what you do for a living. WHO THE FUCK CARES. The best way to beat the "Collective" and Popular opinion is wallop in success, far beyond the reach and thoughts of the masses.
If you want fame, Go on some reality tv show and try to win a Million by telling your "WIFE" that you'r fucking gay and like liking the ASS of Men at your "Office" gym.
There ya go, you are now POPULAR TO THE MASS WHO ARE ASSES and will be respected at all the "Get togethers". Hell, you will not have to tell them what you do for a living, the whole world will know you LICK ASS.
:eek: