Wall Street = Casino. Minus Sum Game.

Embezzlement and fraud are hallmarks of Wall Street insiders.Out of 60 million people in the U K , only a few thousand get caught and go to prison.The rest are free and the same proportion is free on Wall street.

Multiple fees charged to pension funds

http://www.zimbio.com/Hank+Greenberg...uit+Settlement

If some of you don't know , the Wall street insiders have embezzled U S tax payers for around $170bn.

http://info.moneyweek.com/article.ph...gle&p_id=11046

So you think that there are 60 Million fraudsters in the UK ?


Paul

No. some of us have committed crimes in our lifetimes.We are not all that innocent.

All those Wall street and RBS bankers would have got the Gallows in another country.They are all free.

Why have you switched from all individual investors to individual investors using pure TA and concerned only with one trade? Personally I couldn't care less what happens with one trade.

Xeno - I was asked about trading style.

I used an example from this morning to highlight the difference in perspective between someone that just looks at charts and someone that looks at what the market participants are doing.In this case, there wasn't a trade.

It was a relpy to Trader333 & Timsks comments only.

Now you're changing the story. It's not a casino and the house can be beaten consistently by an individual investor. In a casino, it can't (except for special practices like card counting etc)

This is a bit silly. Clearly everyone on the planet is ultimately responsible for the world's finances, but that's widening the debate too far. Besides, you said the investing public was the only source, which is clearly a much more restricted group than the public responsible for governments or corporations.

The sum game entirely depends on where you draw the line. Global finance is a positive sum game if global gdp went up. Draw it at the trading entity like I did, and it can be a positive sum game as I showed. Draw it at the three market participants involved in a trade, and it's exactly zero sum. Draw it at the two, and it's always negative, draw at at the successful retail trader, and it's positive.

Your basic point is fine - that wall street makes a lot of money from the investing public, and they are more likely to make the money in the average trade, and they push the trading tools they want individuals to use. But it simply isn't like a casino, since an individual can beat the house.

If you're saying the investing public as a whole can't beat the house, well, wow, that's not really news is it.

The story is not changing. Wall St always wins. That's the story right there & it wins billions of dollars which come directly from the investing public. It has more money that it knows what to do with.

It has an edge - the house edge.


Actually - Wall St, web sites, vendors, book sellers all want you to think you can beat the house. The people telling you this failed to beat the house themselves.

The very place you go to learn how to beat the house is the place you will find people that failed to do it.