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The bucket is what was used to carry the tickets to the back room for
processing and disposal. Instead of key entry, your order was dropped into
a bucket.
----- Original Message -----
From: "STEVE ROBERTS" <steve80866@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 12, 2001 9:45 AM
Subject: Re: [RT] real time trading with limited stakes
> On Fri, 10 August 2001, "Roger L. Shepherd" wrote:
> >
> > This in the old days was called a bucket shop
> > Roger
>
>
> This is the one thing that gave me pause about using this "tool". It's
not what I would call a "real" market... However, and I may well be
mistaken about this, bucket shops weren't regulated in the old days, were
they? Or not very well? Is a bucket shop a bucket shop if it is regulated
by the gov't? <g>
>
> I also note that Jesse Livermore certainly made good use of bucket shops
as "tools" to get him back on his feet for real trading.
>
> By the way, could someone enlighten me as to the origin of the term
"bucket shop"???
>
> Steve
>
>
>
>
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