Also, the ASX itself is also traded on the ASX and is NOT run by mining engineers. The ASX invoices listed companies based on shares issued and shares traded so is essentially a trader interested in volatility not stability so much. Stable listed companies pay the bills and trades pays the profit.
Now, ALL participants in the marked are equally valuable because the ASX platform cannot function without both type of investor. For either long term investors or traders to be acrimonious to the other is not in either sides best interests. And yes they are different sides of the same coin, analogous to the positive rivalry between sporting teams like say NZ Vs AUS or say state of origin.
I personally like both sides but hate the acrimony and think it is badly placed. Trading and holding can coexist because the traders play with high net worth investors money and they can afford to lose and win. LT holders only lose and win on paper and can make informed decisions on when/how to exit or not thereby crystallising gains or losses.
We all need to go home and sleep happy without ulsers. We should all also be setting an example for other online users AND the untrained youth who only know online. Remember our kids are harming themselves due to online trolls. We can handle it as we are pre online trolls and have thick skinned due to face to face interactions.
Next time you post ask yourself whether you would show your 7 or 12 year old child what you are doing.
GLTA KRUM
AUL Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held