These institutional data vendors are taking their cues from Martin Shkreli. They reckon that hedge funds and other pros are not price sensitive, and even if they lose 75% of their customers, they'll still be net positive on the price raise. They're no different from the private equity firms...
I BEG TO DIFFER ... YOU GET OUT OF IT
WHAT YOU PUT INTO IT ... PROPER
PLANNING AND LOW EXPECTATIONS
ALONG WITH SUPPORT SYSTEM CAN
CREATE A GOOD DAY TRADER WITH
PROFITS
I concur ... many traders who leave "in the know houses"
are plying their wares to unsuspecting firms who will
put up money for them to trade based solely on track
record they created with "in the know " firms . It is
totally different game when you have no news,no order flow
nor "in the...
There are many fly by night outfits out there that just want your money in their "pool" ... they claim they will teach you IF you put $10,000 - 50,000 up in an account for A YEAR (THAT CAN NOT BE TAKEN OUT WITHOUT PENALTY BEFORE YEAR IS UP ) They let you sit in their office for a while ,while...
no sir , I feel they had a software
problem , just NOT for cancels and
cancel replace ...... it was because
they had toooo many SELL orders
and are stroking little Zuckerman's
ego ..... why would anyone plunk
money down on a company run by
a 28 year old without ANY experience
running...
That is a facade . It had nothing to do with
CANCEL / CANCEL - REPLACE orders , they
just didn't want to hurt little Zuck's ego by
announcing they couldn't decide what to
do with all the SELL orders . Underwriter
did some job heh? Pricing IPO lower would
have solved all this , but I am...
MAYBE , JUST MAYBE , they should have listed on the NYSE ...
at least we would have a culpable market maker to address
... but I don't think something like this would occur within those
walls
Yahoo ??? really , are they still around ?
Maybe they can move into the American
Stock Exchange building and start the
Yahoo Stock Exchange , and trade YAHOOOOOS
Personally , I believe if you start with the right tools , learn from
either an experienced trader or spend time on a reliable simulator
that legitimately vets your trading strategies , you can make it ..
A good support system and a plan helps as well ... But you MUST
have patience .
I thank all for posting and giving their views... as you can
see this was first posted May 9th and PCLN was at $720
... It seems to me selling the rallies may be a better strategy
than buying the pullbacks considering the Facebook debacle
as well as ALL the uncertainty in the markets...
I would think quarterly so as to let
profits accumulate more than a monthly
draw . Plus it will reflect in your % track
record if you take monthly. You give it
2 extra months to let money work to
compound and earn more money.