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Well the threadstarter's point is insightful though, if you slept with a fine woman, you should feel guilty that you're depriving someone else the chance of the same for that night. (I don't mean this with sexist undertones by the way, the ladies on futures.io (formerly BMT) can say the same of sleeping with a fine man.)
I've never once had even a single thought of guilt.
One has to look no further than the vendor review section on futures.io (formerly BMT) to know there is a large group of people that deserve to lose their money (deserve for me to take it trading).
Goldman et al take it from me, I take it from the rookies. It's the circle of life. Luckily there are always new rookies entering the market. On good weeks I take it from Goldman too
I think this was my attempt to make sure rookies understood what they were getting in to...but I think this forum in general does a pretty good job of that. Honestly though, I think the first thing a novice trader should be told is: "They are coming for you." Everything kinda makes sense after that.
When I raced motorcycles I wanted to kill the other riders. In business I will behead a competitor in a heart beat. When I trade I feel no guilt, no remorse. I will gladly take their money and line my pockets with it, because they will do the same.
The market was created for one reason, to fleece the poor and pay the wealthy.
Thanks! That actually lets me know something about the average nature of the trader. A person who does not question the morality/basis of what they do, is blind to certain bigger picture aspects. And a winning psychology needs to be guarded against intrusion of doubt, apparently.
Trading: Equities, then ETFs, then maybe just maybe Futures ?
Posts: 35 since Mar 2015
Thanks Given: 57
Thanks Received: 46
Are you saying that Goldman, large banks, etc take it from you because of the amount of positions they can control at once, meaning that they in effect control the direction of the market ?
The fact that both parties agree to every transaction makes the trading absolutely fair AND moral. Not sure why one should feel guilty when everybody is in agreement.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
Your reply to Big Mike is verging on idiotic.... I suspect that is because of your own subconscious guilt over your past life as you mention in your post.
Done with the thread.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
I totally understand where you are coming from, I feel this way every time I go to the local supermarket to buy eggs and milk.
When I was younger I was a farmer, so milk and eggs was a matter of getting my ass out of bed and going to milk the goat and pickup the fresh eggs. No money traded hands, and of course I had no concept of the idea of "work"="money", work was just something you did cause you had to do it. At my younger age, I never made the connection between the reward and the cost, it was just so much of a given there was no reason to think about it.
These days, when I pay ever-increasing prices for eggs and milk, knowing full well that the supermarket is taking 50% profit, that the farmer is doing much less work these days for a dozen eggs then I did, and yet here I am paying X dollars for eggs, what has changed really?
Did the supermarket cheat me by being an easy buy? not really, they are less then 5 minutes down the road.
Did the farmer cheat me by being an easy work load? not really either, he has more customers and production, he needs to make his business as efficient as possible.
So who really has given in here? have I been cheated? no, I appreciate the gift of an easy buy with no farm work, I can now wake up in the morning, fix a BLT (with a runny egg, you must try this!) and be off to work in less time so I can keep up my faster paced life.
When I trade, I keep all these things in mind (maybe it would be better said: all these things influence my view), especially trading futures.
Just because trading (the act) is easy, doesn't mean trading is easy (the risk/strategy) and for every dollar I make, I could have lost -- IF I didn't give it my best knowledge, skill, practice and patience -- which I would summarize as my "work". And just because you check 12 chickens butts at 5am in the morning doesn't mean you have a dozen eggs, it usually meant 2-3 eggs, and 9-10 new smudges of crap on your hand.
