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Seriously, how can you say something like that? Let's say you only make two trades a day, AVERAGING 0.2% per trade. Ignoring compounding, you will double your money in a year. Pretty good trading if you ask me. With the trans tax, you would be down on average .3% per trade and would go...

Ok, T-Bone, how many trades do you make a day? What's your AVERAGE profit per trade?

What if over the next few years they transition from "economic busywork producing goods for America and collecting American debt" to "economic busywork building up their military and infastucture and selling off some of the debt they hold"? And to the people saying they can't stop buying or...

I don't have much experience trading futures. Today at 8:39:02 central my ATS placed a buy limit order on the ES at 751.75 through IB. At 8:39:08 my IB datafeed showed the bid-ask as 751.5 to 751.75. Since the ask was at my limit order to buy around 6 seconds after the order was placed...

The stand alone has more capabilities than the web based? I've never heard that. What do you need that the stand alone has that the web-based doesn't?

I'd like to see something like this, if it could be shown they failed in their fiduciary responsibility. But why only over $1 million?

I was speaking of "active investors" who only turn their portfolio over a few times a year, not every day. Not too many people are sympathetic to "speculators" who trade every day, but there are lots of people who buy RIMM for a couple of months, then sell it and buy BIDU etc etc. I'm just...

Well, 1/4 percent out plus 1/4 back in, so a half percent every time you turn over your portfolio, say 2.5 times a year, times ten years = 12.5%, right?

I think when discussing this it needs to be pointed out how much it would hurt the "active investor", not just the "trader". If you just turn your portfolio over a couple/few times a year, this would end up costing you over 10% of your capital over a ten year period. Now think how much it...

Does that thing blow you while you're taking a shit?

If the idea is to punish the people responsible for the mess, why snare investors in the net at all? Didn't Paulson get around a billion dollars in bonuses from GS? Let's start there.

That means you can't place a marketable order?

So if it happens this way basically the only people paying the tax will be the mom and pop investors. lol

If you're an American citizen or resident I don't think they will let you get away with that....

Except for it to have the same effect on him as what he is proposing would have on us it should be like $100 a word.

It would be the sickest of all outcomes if Goldman et al. were exempt, using a crisis they created as an excuse to make laws to gain even more of an advantage over the little guy.

I don't get what you're saying, are you saying you think this will be good for people who play the spread?

I'm not so sure. Look at how popular it seems in the comments in the NYT article. Plus when I posted it on another trading site no one seemed to give a shit.

When I heard it discussed in the past they said it would also apply to American residents or citizens trading in foreign markets.