By Sell Puts
Day trading is hard, though we chose this career knowing what we were getting into. The author of the article seems to have a personal issue with day traders he came across with a very condescending tone. Who is the author to talk down to those who grind it out everyday learning and profiting from our markets? I would never write an article highlighting how the New York Times medium of communication is dead/rotting etc, i have a bit of class.
As you can see the article struck a chord with me, the uninformed writing is ridiculous, there are many day traders who do very well every single day. If the industry was completely ridiculous and impossible to make it in, why are there so many "day" traders? Why are there so many pop shops, Why are there individuals out there clamoring to learn to trade? Because you CAN make a living day trading, its not a get rich quick scheme its a damn hard way to make money, but can be very rewarding.
An outsiders view means nothing when analyzing the day trading industry, one will never know what it is like to be a trader unless you are a trader, thus cannot assume or empathize. I do not act as if i know how a surgeon operates, thus i would never critique how lousy their profit margins are, when i honestly have not a clue about the industry. A big reason financial blogs are really catching hold is the founders are traders or ex traders who "get it", i never look at the newspaper, they is dead to me.
