I posted the following question to http://www.peikoff.com/ Q&A section.
I would like to hear from you guys too. so here is my question:
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Stock market and ethics:
Market makers hunt for stop loss orders shaking weak holders out from a profitable position. Big institutional investors often artificially mark up or mark down prices just before a big price move in opposite direction.
What do you think about the above behavior? If at all I make any profits, I think that's going to come from exploiting the above behavior, will that make me an immoral predator? How would an objectivistic trader behave in such a zero sum game with deception as one of the tactics!? Losers pay the winners in this game, does that justify deception of above type!?
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Thanks for reading this!