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Its like the traders who sell airlines short after a crash - now I would not do that, but I know some traders who would. |
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I hope this does not make me unethical but I would disagree with that statement. We have become traders to profit from market inefficiency's. I say this because as a trader, I am looking for opportunities in the financial markets. If a trader can not short a stock because one feels unethical, I find it hard to make any money in the market.
Your profit is another man's loss. Is that considered unethical? I do not think it is fair to say traders are unethical since they would short an airline stock that just had an accident. (or other examples) We are trading supply and demand or numbers. When I trade stocks or futures, 80% of the time I do not watch the news. I just trade price action. I will find out any siginificant news on the market after the close.