#1 Trading creates no greater good
– like when you buy grain futures, the price skyrockets, and you make a killing! A poor farmer plants more seeds as a consequence, third world children get affordable bread, hmm, did I say you make a living?
#2 Trading makes you selfish
– and that’s why filthy rich old speculators turn to philanthropy.
#3 Staring at screens all day is not healthy
– which is true, and why slow lunch hours are perfect for physical exercise.
#4 Staring at screens all day is not good for your social skills
– which is why traders are out having fun when the market is closed. (Don’t “normal” people spend evenings in front of the TV?)
#5 The market is a casino
– where scrupulous gamblers make it easier (and more important) for sane traders to make a living. (more…)