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Thank god... but during these years we have to fight incredibly hard to make sure we don't have to worry about being out of business and int he exact same position 4 years from now! Let's make sure we DO NOT FORGET about this... daytrading was on the brink of extinction.

Well I guess we have our answer there.. we'll be ok for 4 years I suppose? And.... vote for Mccain lol

Why are you posting crap that has been posted 50 times in two seperate threads?

That's been posted about 40 times, pal. Thanks

Exactly... go ahead and penalize the hedge funds if necessary... but to attack the retail traders (who use daytrading to pay their mortages.... ) is ridiculous... it'd be really ridiculous to ruin the small retail traders business, which would likely make many of them default on their mortgage...

You said it man.. there are always ways around these things but instead of discussing how mentally retarded Defazio is, we have to take action. 1. Write your congressmen 2. Start looking for loopholes

I actually didn't hear what pelosi said on Friday on this.. what did she say? Thanks

Ya well a higher commission is better than a % tax.. Secondly, I think the options market will really start getting serious attention and volume

There is no point to complain. Let's think of alternatives. As of now I can think of focusing on options trading and possibly CFD's

There is no point to complain. Let's think of alternatives. As of now I can think of focusing on options trading and possibly CFD's

Well ... gives us 5 years to trade lol

A few questions/comments IF this ridiculous tax passes. 1. Could we now just trade on CMC markets? With the amount of traders that would flock there, I would assume the spreads that everyone complains about would get tighter 2. I think traders are traders and will find a way to make...

Pittance brings up a very good point. IF this lunacy passes, small cap and microcap volume will EXPLODE and I guess there would be some sort of alternate trading like CFD's

Couldn't have said it better myself

Not like it really matters because liquidity would be completely dead but would Canadians have to pay this tax?

Absolutely, email your brokers. IB, Tradestation etc would go out of business if this comes into play so it's in their interest as well.

Does anyone know what the transaction tax is in Europe?

Klamath said it... stop complaining and start speaking up about this!!!

Make sure you call as well... I just can't believe how idiotic this government is

Really hope ALL of you are calling and emailing your opinions to this idiot. If you're not, then clearly you're not making a living trading.