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Providing liquidity to the market is valuable too, as well as rapid reallocation of capital where it's needed. Not to say there aren't differences, of course.
by emteycz 5y ago
Providing liquidity to the market is valuable too, as well as rapid reallocation of capital where it's needed.
Not to say there aren't differences, of course. But I feel like your comparison is condescending. These people do valuable work too.
- einpoklum 5y agoStock traders don't "provide" anything, they're just playing a part in a poor, and exploitation-buttressing, system of exchange and resource allocation.
- swalsh 5y agoThat's a very shortsighted view.
- amelius 5y agoShortsightedness is exactly the problem with daytrading.
- emteycz 5y agoWell don't daytrade if you're shortsighted, for sure. But if you think daytraders can afford to be shortsighted, you're very wrong - it's one of the most exposed professions in this regard, the market will react weeks or months in anticipation of an event.