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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: dougbishop who wrote (16164)	2/21/2001 9:53:18 PM
From: Dr. Stoxx	Read Replies (2) \| Respond to of 39683

Yes, I had this same argument with my uncle, who felt that the trading phenomenon of the last 5 years has "ruined" the markets. I vehemently disagreed, but I did grant him one point: that traders have added to momentum, which increases volatility, which in turn causes panic buying/selling and for the most part, unnecessary losses. Liquidity may save a few pennies on fills, but volatility costs a lot of people big bucks, as anyone who trades knows all too well! My point, mainly, does not rely on this however. Pit a trader sitting in a darkened room, alone, in front of a computer, 10 to 12 hours a day, with nothing to show at the end of the day but an increase or decrease in one's pesonal account...against a bricklayer, or policeman, or teacher, or doctor, or accountant...and then ask what possible contribution trading makes to society. Again, trading adds very little. But what one does after one trades successfully can make a lot of difference. Trading is a means to an end...not an end in itself... (an exception: when it brings genuine pleasure, and that pleasure "spills over" into one's personal relationships...just as happiness in most any pursuit justifies the pursuit itself) JMHO's...TC