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Yeah, just like UK stamp duty. Or the latest short locate rules. Idiot.

Is it really that hard to understand that Wall Street & even the exchanges would be behind this? I mean really, does your brain short circuit when it is explained to you? Or is it really that hard to accept that the daytraders are not vital to the economy or the markets whatsoever, while being...

Does anyone take you seriously? People must invite you to functions just for laughs.

Would you care if a small fry compared to you started eating into your profits & your edge? How about when it became 10 of them? It's a rhetorical question but I hope you see the point.

Have you tried it? No, and I know you did not cause I was looking into it years ago when I had a lot of interest in trading LSE. It's not very simple, otherwise Joe Blow LSE prop shops would be all over the place. You have to become a Broker/Dealer or Market Maker. Not exactly 30 second...

It's not as easy as you think to become stamp duty exempt for LSE. Unless you were one of the big firms pushing for the tax in order to maintain and lock down market share. That's why there are so few prop firms daytrading LSE, they don't just give out exemptions to you just cause you figured...

I like this guy, he got street smarts. Something rare in the financial world.

You called the man an underachiever & blaming problems on others when in fact, he put his time, energy & money into trying to wake up the people. You are hating, bigtime. And you are jealous of his success, cause in fact, he was very successful. [B] ADD kicking in? You have to be...

It's great for firms like Goldman. Just like every other regulation. [B] That's a big problem of its own. The economy is running on moving paper around. [B] Oh please, the market won't miss the daytraders, prop shops or small funds. Just more business for the crooks who run...

100% Wrong! Those people want it in place, to get rid of the masses daytrading the market like they do. You're smoking crack if you think they won't have an exemption to the rule.

People need to read this over and over till it makes sense. The tax will do what it is intended to do. Get rid of the daytrader & smaller firms. The pattern of these regulations was established almost 10 years ago. This is not even surprising to those who pay attention.

I agree. When it comes to setting up past 4 monitors, you might as well go Quad cards. 6 monitors on duals and singles is a mess.

Yeah he just lived off Social Security and his 401k in the last 10 years of his life. Don't hate. A. Russo is the man, while you have the mental capability of a ADD teenager. Even on his deathbed he was 10 times more successful than you will ever be, whether it is by accomplishments or...

You're right, looks like they made money. Then they shouldn't have problems bringing AUM back up. I know of funds which still have demand regardless of the crisis. They also put a cap on AUM based on available opportunities.

You and others like you hope and assume too much. The writing is on the wall and has been for a while. Meanwhile you delude yourself, avoid the truth and keep mistaking yourself into believing that those who make the rules have your best interests at heart, contrary to the actions that they...

Uhm, wrong. Hedge funds that actually have a real edge are doing just fine. Hedge funds that don't rely on the money supply pump but stay ahead of the pack are doing just fine. So contrary to your belief, Man Group ain't all that. If the fund is experiencing higher losses than general...

Aaron Russo was very successful, he was no underachiever by any measure. He rubbed shoulders with the elite and was invited to join their organizations. Something you will never even come close to, as it's blatantly obvious you lack the intelligence to ever be considered. So whatever your...

Think with more flexibility. The elites are not gods, they are not all powerful. They have plans & agendas. National ID has been in planning for years, it is no lie. Passports issued recently have a tiny RFID chip in them. Officially, this is to prevent theft & use of lost passports. Some...

That's what they did in UK. But in effect, it means MORE regulation for the prop shops and more costs. Few of the prop shops will be able to make the change. You also assume that the regulatory agency will be lenient in approving new B/Ds which will qualify for the exemption. It will...

You answered your own question and still don't understand? Problem is that you are making goodwill assumptions. The tax would not make itself obsolete, it would accomplish exactly what it intends to do.