They make money for peopleAt least they provide a service. What do day traders provide? Absolutely nothing, they move zeroes and ones around all day and add nothing productive to society.
The argument is they help set the market price by making so many transactions. Supposedly, if day trading didn't occur, the market would not be efficient and would be open to arbitrage.At least they provide a service. What do day traders provide? Absolutely nothing, they move zeroes and ones around all day and add nothing productive to society.