Re:Crunching 200 years of stock, bond, currency and commodit...
by pjc50 on Thursday February 07, 2019 @03:57PM
(#19108519)
> we could all profit if we just had the money to trade, which is inherently discriminatory against the poor
Well, this is capitalism 101: if you have capital you can get returns on capital (with a risk/reward tradeoff, but there is such a thing as a "riskfree" return), and people have been complaining about this since before Marx.
Predictability: you should see it more as a competitive sport. Nobody can predict who's going to win reliably, but being informed and doing the work will give you better results than not.
(Also, not everybody is a "trader"; quite a lot of people are effectively commissioned salesmen for either the buy side or the sell side)
Well, this is capitalism 101: if you have capital you can get returns on capital (with a risk/reward tradeoff, but there is such a thing as a "riskfree" return), and people have been complaining about this since before Marx.
Predictability: you should see it more as a competitive sport. Nobody can predict who's going to win reliably, but being informed and doing the work will give you better results than not.
(Also, not everybody is a "trader"; quite a lot of people are effectively commissioned salesmen for either the buy side or the sell side)