Do day traders produce anything of value in society?

I have a great life and plenty of time to shitpost on /biz/ while watching positions on my other screens. That's great value if you ask me.

>>1059493
Funding businesses

>>1059493
Does day trading even give you profits? It's like monkey operating a ship. It knows the feedback when it moves the rudder left or right, but does it realize the rocks ahead of it?

Yes. They correct stock prices.

Consider a trade:

If they profit from a trade, it is a legitimate correction of the price.

If they lose out on a trade, they were wrong (and got punished for being wrong).

Theoretically...

If they're market makers then they're contributing to liquidity, so yeah that's a positive.

If they're trading on behalf of a client (like a multinational needing foreign currency) then they're producing value through specialisation.

>>1059503
Lose the trip, you sound like a moron.

>>1059503
Trust me, Don't trip on /biz/ it'll bite you in the ass.

>>1059540
This.

>>1059540
>>1059548

I'm not wrong, though :)

>>1059503
We can always rely on you to say the stupidest shit, be it here or on /pol/

Please keep the trip