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Hi Jack,
Even if we accept Van Tharp's premise that all losses are really the
trader's mistake, it is still incumbent upon the trader to try to
correct such mistakes. This sometimes entails going back to the broker
to discuss the problem. If there is a reasonable level of customer
service present, the problem should be dealt with expediently, and not
drag on, unresolved, for months.Why should it take a month just to get
their time and sales record?
By the way, speaking of facts and fiction, I forgot to ask a question in
my original post, this one concerning PMB. I had 'heard' recently that
PMB's President, Stephan Banger, was put on a 30 day suspension for not
cooperating with auditors who wanted to see PMB's books. Can anyone with
knowledge confirm or deny this rumor?
Thanks and Good Trades,
Monte
Jack Griffin wrote:
>
> --- "Monte C. Smith" <mcs@xxxxxxxxxxx> wrote:
> > > payment. I am filing the complaint with the CBOT
> > because I do not feel it is
> > > legal for Refco to demand a blanket release in
> > order for me to receive a
> > > trade adjustment that they had previously agreed
> > to and admitted was their
> > > fault. I am also filing a complaint with the NFA
>
> I appreciate reading the discussion, but if you were
> to ask me they do not sound THAT unreasonable. I
> mean, they are about to pay a complainer $$ and want
> to insure that you don't try to use it against them.
> Remember, we live in an age where someone can make
> millions for spilling coffee on themselves. The # of
> victims of the WTC disaster keeps dropping. Can you
> guess why? Take the $1000 and shut up. I have lost
> tons due to messups on the brokerage side and they
> generally didn't even call me back let alone offer any
> compensation. Remember Van Tharp's point --- all
> losses are really your mistake.
>
> Jack
>
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