Comment Re:But, does it run... (Score 0, Redundant) 113
...on poutine?
hmmmm, d'la poutine
...on poutine?
hmmmm, d'la poutine
Neither creates wealth and merely shifts it around
more daytraders means more participants in the market place, more participants means more liquidity and more liquidity means a better functioning market place. A market with no liquidity, is a market that is not trading, ie the 2008 market, where bids and offers are worlds apart, this is bad for ALL the participants from big institutions to small retail guy, much like you I presume... Hence daytraders, while you may not realize it are providing a service for the market place at their own risk and are compensated accordingly.
The hardest part of climbing the ladder of success is getting through the crowd at the bottom.