Linked by Thom Holwerda on Thu 21st Oct 2010 22:28 UTC, submitted by tux68

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RE[2]: Great for Linux, but this indicates financial fraud
by rexstuff on Fri 22nd Oct 2010 03:39
in reply to "RE: Great for Linux, but this indicates financial fraud"
Day trading may be more akin to gambling (it is almost a zero-sum game, after all), but legitimate investing on the stock market is not. Historically, the market has increased in value by an average of 10% year-on-year. If it's gambling, it'd be like playing a game where E[X]=X*1.1 - good odds, by any measure. And an educated investor can beat the market without too much difficulty. Of course there is risk; there wouldn't be profit otherwise.
Member since:
2005-12-16
Financial fraud my ass. "High Frequency Trading is accounting for over 70% of equity trades taking place in the US"
If it would be a fraud it wouldn't be so popular but stock exchange is just like gambling it's for losers. The winners are the fatcats whose doing it since 10 years.