I say yes.
And not just because I am a futures trader. Here is why:
When a market research agency does a survey they charge and make profits. What are they doing, essentially?
They collect information and opinions of others and collate, analyse and sell them. This is so even if the whole thing is fudged/cooked up/blotched or accurate. They get paid anyway.
Consider the Trader. He’s trying his best to gauge opinions, analyse data and not only make a projection or forecast like the MR guys do, but also puts his money where his mouth is. He takes a loss as he does the profits.
The BIG difference between market research firms and traders & fund managers is that: The latter put their money on their analaysis and forecasts while the MR guys takes your money!
So why should traders not make money and have a clear conscience that they are contributing to the economic machine?
Tell me, what do you think?
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I’m on Twitter @jsvasan tweeting mainly on the Nifty50 but also about this-and-that.