SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Daytrader goes Postal

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tazman who wrote (69)7/30/1999 8:16:00 PM
From: Don Pueblo  Read Replies (7) of 193
 
OK, here is the exact deal:

1. He murdered his wife and her mother in cold blood.
2. He got away with it.
3. He married some other woman.
4. He lost some money in the stock market.
5. He murdered his new wife and her kids.
6. He murdered some other people that he blamed for his problems.

This dude was a psychopath. An evil humanoid that should not have been walking the streets.

That's it. End of story.

He did not *go* postal. He WAS postal. He was insane.

He was an evil psychopath. Not like you, not like me, not like us. Evil and twisted and real, real bad.

Day trading had *nothing* to do with it. The media will make a big deal out of this, and they will milk this angle for all it is worth.

The truth is that day trading had nothing to do with it at all except inside this twistoid evil bastard's own sick mind. That is the *only* connection. His fault. It was HIS fault. Not day trading, not his after shave, not aliens, not the mailman, not anything but him. He did it, he is to blame.

I heard a story today, "day trading is gambling" blah blah blah.

Day trading is not gambling. Day trading is day trading.

Gambling is gambling. Vegas is gambling. The lottery is gambling. Horse racing is gambling. Bingo is gambling. Gambling is where you take your five bucks and you put it on a table and you wait for something to happen and if it's good you get your five bucks back and if not you have no more five bucks. You hope that you are lucky. Maybe you will not lose your five bucks. You blow on the dice for luck.

For *some* people, day trading can *act like* gambling. Those people lose their money and move along. They are guessing and hoping.

For other people, day trading is a business. Like any other business. No different. Some lose money, some make money. They are not guessing and hoping. They are running a business. A little like a mutual fund, only a shorter time span. No luck. Luck does not exist. There is no such thing as luck. There are good investments and bad investments. You have five dollars, you invest ten pennies, you lose one penny, it's a bad investment, you take your nine remaining pennies and look for another investment.

There is one single difference between buying Microsoft and holding it for one year, and buying Microsoft and holding it for one day. The only difference, THE ONLY DIFFERENCE, is 364 days of time.

Business. Day trading is a business for some people and gambling for other people. For the Atlanta creep, I guess maybe he thought it was gambling.

This freak in Atlanta was a psychopathic murder BEFORE HE EVER HEARD OF DAY TRADING. Day trading had NOTHING to do with this.

OK? It's very sad that this guy murdered a bunch of people. I myself am willing to bet money that he was on a prescription drug at the time he did these deeds. Maybe we will never know exactly why he did it. Find the doctor that prescribed that drug and gave it to him and you'll have your link. Not day trading.

It's over. It's done.

You do not need to analyze this. Go rent a Mel Brooks movie and take a walk and enjoy the sunset.

Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext