I get your question, but I don't quit understand why more people don't have a real concern about it. I am struggling with this myself. Day trading in essence is taking money from some poor sap who invests and cashing out before he does. Your not investing long-term because you believe in the company. You simply trying to ride the wave of money givers long enough to take your profits before it falls. I totally understand your thought process behind this and I wonder after all these years, how has your husband done in his trading. Did he do ok?
---Benton_Ruth on 4/18/15|
nothing in Holy Scripture to support claim "day traders" job is "wrong"
If it were than EVERY job today is wrong and we might as well all stop working and figure out another way to live
reality of TODAYS economy is one must work and make money (a tool)
if the type of work is LEGAL by way government then one must put their whole heart and soul into their work and do so to glorify GOD
if your husband is earning money illegally with work that is against the law and not paying taxes then you would have many verses from Holy Scripture
obviously you do not comprehend what day traders do and seem to want to mix it up and destroy your husbands ability to PROVIDE
why would you do that?
---Rhonda on 1/2/12|
James L is correct. Everything is a gamble if you think about it.
anyway, it is better than being a night trader. they have a terrible exchange rate and the payoff is a rip-off.
---aka on 12/31/11|
Gambling is not necessarily a bad thing. Even when you go to work, you are gambling on a paycheck.
I worked a contract job this past winter and summer, and in July I had to quit because the guy owed me 1600 dollars and didn't have it. It's December, and I still haven't been paid all of it
Also, the better you are at something, the less gamble there is in it.
I once had a 6-week construction contract fall thru the day before I was supposed to start. What was I gonna do on short notice?
I had played pool for money a lot in the past, so I took my money to the pool hall and played for 6 weeks til my next job started. I was gambling, but it wasn't like flipping a coin. I earned a living doing something I was good at.
---James_L on 12/29/11|
"High probability" means "likely but not certain". I.e. It IS gambling, just more likely to pay off than a casino or a lottery. Some people STILL lose their shirts when the market takes turns that they do not expect.
The Bible speaks in favor of investments in the parable of the talents. All the servants but one made investments, and were praised for doing so. The only one who as criticized was the one who wanted to ensure that he didn't lose the money and kept it under the bed. (However, since the rich man rewarded all of them based solely on their profits, I shudder to think how he would have treated a servant who invested the money but lost it all, a worse outcome than sticking it under the bed!)
---StrongAxe on 12/29/11|
There are many occupations that never existed during the period when men wrote the scriptures. Working on Wall Street is one of them. Some people are very good at long term and short term trading and some people arent. Much is dependent is being able to reading peoples expectations of what the market will do in the future. It is not Godly or Ungodly it is just one of numerous things scripture does address. Of course we have may maggot heads on Christianet who will try to prostitute scripture for their own perverted agendas trying to make it falsely apply but that is just the basic nature of ChristiaNet. So there is nothing wrong with your husbands occupation Cindy. Just pray he will be successful.
---Blogger9211 on 12/29/11|
Day trading is not gambling it is however a FOR SURE way to be parted with your money if you have not studied long and hard the tricks of the trade. There are many fine books on the subject and one called "High Probability Trading" would be great one to start with as it deals with your emotions as a trader for one. You cannot let emotions like "greed and fear" control your decisions or you won't be in the game very long. Almost every day trader goes through a period of learning from mistakes which is known as the "tuition period" because you are certain to lose a lot of money. It is practically guaranteed! (continued)
---L_D on 12/28/11|
Day trading is like gambling, seriously. A relative of mine withdrew all of their retirement funds, everything. It would have been better if they had flushed it down the toilet. Lost their hindends. It was the wife. She quit her engineering position, spent her days trading. Her zeal exceeded her funds. Blew it all.
---Recap on 6/22/07|
I read your post and was wondering if you got any answers. could you please let me know? I too have that inquiry.
---Pedro on 6/21/07|
I don't think you'll find Scripture to show that investing in companies is wrong. Buying and selling is something we all do. Some use the stock market.Jesus encouraged the person he gave the one talent to that he should have invested it. Buying into companies is an investment. I say let him go for it. Some think it's gambling.But then so would farming be.
---john on 3/8/07|
As an investor/ trader in India this thought occurred to me but suppressed it as its not against the law. The macro economics that is involved in the modern day financial world is too complicated to make a judgment. Random day trading could be addictive, income uncertain and an emotional roller coaster. Luke 14:28,31 1Tim 6:10. Also I observed that prayer gets effected, e. g. if escalating war or any crisis is positive to your position. Please pray for me too.
---Aurunoday on 7/31/06|
If he is making a living do it, it should not be a problem. If he is gambling your life's savings away, then I would be concerned.
---Madison1101 on 7/31/06|
My father was a very successful day trader. I have tried day trading but not been nearly as successful. I have great admiration for day traders. The risk or heavy therefore The profits can be large. My most recent venture into day trading was in the New York Stock Index. mima3783 at penpals.
---mima_I_dont_trust_a on 7/31/06|
Gen 46:32,34, Eze 27:12-17. the bible doesn't say it is wrong, but people from way back then have traded. How does he have a problem? A man and his wife that I go to church with are trading all the time on their vehicles, you never know what they will be driving. I don't see the wrong in what they do.
---Rebecca_D on 7/31/06|
cindy-Is this day trading inhibiting his role as provider? If he is fulfilling his role as head of household and providing for his family than there is nothing wrong. As his wife in a marriage remember you are one flesh.
Moderator - If his day trading is just another form of gambling, then yes it wrong. Which by the way it is gambling, because investors don't day trade, but invest for longer periods of time.
---Ryan on 7/31/06|
Maybe it's you who has the problem. You don't seem to trust him in what he is doing. Why not pray for him that the Lord would bless his wisdom in the investment field? Be a partner. You may find a whole new outlook on this.
---john on 7/31/06|