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people should not trade, or try anything entrepreneurial period if they
don't
understand the risk ,
daytrading in my opinion, is more viable , if one is starting out with less
than 10k, one may not get rich, but one can make a living, what's wrong
with 2-300$$ a day, its more than most make in their present jobs
as for regulations, I think it should be written in bold letters if you are
going to trade
TRADE LIQUID MARKETS, by any vendor selling their wares, this should be the
first thing in starting out, then one can take it from there, least when
wrong one
can get the hell out, nothing like being on the wrong side of a lock limit
move
for days on end.
I have been to a few chat sites, a hearing someone with 5k trading
the PESO, OR BELLIES, for ex, I ask them what about liquidity,
to which they reply"what's that, " and then "okay , what are the liquid
markets"
anyway, that's my 2cents worth
goodtrading / TED
From: G. Dunn <gjbkdunn@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: jeudi, 12. août 1999 03:07
Subject: GEN: Day Trading Report - opinion
> I don't day trade. I have no axe to grind one way or the other.
> After seeing the show on C-SPAN I got some perspective on the report and I
> heard what the conclusions about the report were.
>
> The issue was that the Day Trading companies have gotten complaints from
> customers. The people doing the study were concerned that the general
> public was not giveing the trueth in the Day Trading Companies
advertising.
> The concern was that the Day Trading Companies were making claims of
> success that were not true.
>
> The recomendations that came from the study were (this is my wording not
> theirs).
>
> Don't hype the results and suck in a lot of people who don't have the
money
> to loose.
>
> Screen the people you let Day trade better. i.e. make sure they have the
> financial where with all to deal with daytrading. Don't let people trade
> when they have lost too much and can't meet the financial requirements.
>
> They also found some rather dubious methods of lending money from one
> client to another to keep the clients trading. Not unlike a pyramid or
> ponzi scam.
>
> They specifically said they are not taking a position on what methods
> people use to trade or invest.
>
> The individuals involved knew that this was a small initial study
> (performed by a double degreed statistician who has also done trading).
> They welcomed and encouraged other studies be conducted. They were
> concerned by customer complaints so they performed an initial study.
>
>
>
>
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