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The point Dennis makes is no doubt correct in a large number of cases. On occasion, though, one has the good fortune of running into a broker who is both an expert trader and a salesman at the same time.
Two such brokers come to mind here. Although not their customer (I require a specialized options broker), I always like to read their opinions which they generously share with others. One is a member of this list, Bill Wynne (www.smarttrades.com). The other is John Crane, author of "The Reversal Day Phenomenon" (www.tradersnetwork.com). I am grateful to both these gentlemen for their insights.
No connection, etc.
Best regards,
Michael Suesserott
DH wrote:
Brokers are salesmen, kinda like realtors or used car salesmen. Whoever
sells the most makes the big bucks. How many realtors or used car
salesmen hire "analysts" to assess the condition of the market? How many
even care? All they care about is pushing the "product" and raking in
the commissions. Same for stock brokers and their bosses who know where
the money comes from.
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