You are not a trader, you are an evil speculator!

[Lucrum]

Quote from crgarcia:

You are NOT a trader, the markets don't need you at all. Markets may function perfectly without you.

You are an speculator, those evil creatures who jack up oil prices, and short good companies into bankruptcy. Or so the media says.

If you can't handle the fact that you are an speculator, without picturing yourself as evil; you'll have a hard time making profits, since you may try to trade (or speculate) when really there are not clear chances.

Sounds like I'm a Baaad boy.

 

[lwmoss]

Do you think the masses would have a problem with "speculators" if they were driving the price of oil DOWN?

I'm thinking no. This is a case of looking for a scapegoat for a market that is hard on consumer's pocketbooks.

 

[Gringinho]

http://en.wikipedia.org/wiki/Dojima_Rice_Exchange

http://en.wikipedia.org/wiki/Futures_contract#Who_trades_futures.3F

http://en.wikipedia.org/wiki/Futures_exchange


crgarcia,

from history you will see that e.g futures trading is a security to well-functioning fair and balanced markets.
Otherwise a supplier might use predatory pricing.

 

[crgarcia]

Quote from CFerret:

YES! Because if you're called evil and greedy means so many are jealous and consequently (as they have reasons to be jealous) means you are very successful in your profession!

So, so true.

But some people can't handle being the envy of many people.
In fact some people can't handle success at all.

 

[newbunch]

Quote from crgarcia:

you are an evil speculator!

It's Dr. Evil, I didn't spend six years in Evil Medical School to be called "mister," thank you very much.

 

[ilikefox es]

Quote from The Swordsman:

Does anyone come into trading thinking they just joined the peace corp? NO, we know our place and understand its not helping anyone in any real human way.

But...you can use some of your gains to do good in the world or in your own community if you are feeling guilty.

Not helping anyone?

Do you think the futures markets were invented just to give people a place to gamble?

Is providing liquidity helping anyone?

Is providing price discovery so that capital can be allocated more efficiently helping anyone?

Do you think it is just a coincidence that countries with these types of capital markets are faster growing and more prosperous?

Efficiency in an economy is dependent upon capital moving to where it can be the most productive. There needs to be price signals to make it happen. That's what futures markets do.

If you think speculators make moves in the market too large at times, you just might be right. Maybe. But, if there are no mechanisms for price signals, there is solid evidence that capital would be allocated in much less efficient ways. Just look at socialist and communist countries where the market is distorted. Take a good look.