The Crash of ’87, from the Wall Street Players Who Lived It

Re:The Crash of ’87, from the Wall Street Players Who Lived It by codeisawesome on Tuesday October 17, 2017 @08:49AM (#15490459)

So we do admit the words bet and gambling apply to derivatives, at some point in these discussions. Fine.

The reason why folks must be confused is that, non Stock market gambling is seen as a vice and/or crime by much of human society. There are religious edicts and/or laws against this practice in most places. The Stock Market getting a free pass from this view - and most people (including myself) not knowing about the nature of this system until they dig a bit deeper - seems unfair.

Las Vegas is looked upon as lascivious even when some of the gambling requires skill (Poker / Blackjack) - derivates trading is instead marketed as a great career where the people doing are superheroes.

I’m not bitter about this even if the message sounds so. Just fascinated by the asymmetry of perception.

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Re:The Crash of ’87, from the Wall Street Players Who Lived It by lbotos on Tuesday October 17, 2017 @11:29AM (#15491737)

I remember when I learned how to day trade foreign exchange with a simple technical analysis strategy. When I started I was ready to have to learn all kinds of advanced maths and expected to "level up" analytical thought.

Then I learned it's all about risk management and absolutely technical analysis trading is gambling. I agree with you, blew my mind!

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Re:The Crash of ’87, from the Wall Street Players Who Lived It by wbl on Tuesday October 17, 2017 @02:11PM (#15493250)

If I buy a dentist practice from a retiring dentist that's no different from me buying shares of IBM from someone who is retiring.

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