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Right, I certainly do not favor greater Governmental control. As usual
enforcement of regulations already on the books would help a lot. The
problem as I see it is not giving people the right education before hand.
When you say that if you have what it takes to trade you can be rich, it's
the truth but not the whole picture. If I said, give me 100 dollars and I
put your bill under one of ten identical cups (without your seeing which
one) and then told you that I'd double your money if you can find it, but if
you miss I get your $100 would you do it? You shouldn't because I have 9
times the odds that you have of winning. So if they put it in the right
perspective and have trading so demonstrated so that people get a concrete
picture of what they are really doing, then I'd say let people suit
themselves.
Brent
-----Original Message-----
From: RAY RAFFURTY <rrraff@xxxxxxxx>
To: BrentinUtahsDixie <brente@xxxxxxxxxxxx>; realtraders@xxxxxxxxxxxx
<realtraders@xxxxxxxxxxxx>
Cc: Realtraders@xxxxxxxxxxxxx <Realtraders@xxxxxxxxxxxxx>
Date: Monday, August 09, 1999 10:29 PM
Subject: Re: RT_GEN: Day Trading News
>Hi Brent,
>
>They started with 30 accounts, but thru out 4 because they where traded by
>the same person, leaving 26. If you read further, 9 accounts had less than
>30 trades and where statistically insignificant. They where thrown out,
>leaving 17 accounts.
>
>Five of the six winning accounts where thrown out because they took high
>risks, and according to them, will become losers sooner or later. Well,
>maybe, but they can not prove it.
>
>Seems to me the numbers where both manipulated and to small a sample.
>
> Good luck and good trading,
>
> Ray Raffurty
>
>
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