A Daytrader's Story
- Thread starter nkhoi
- Start date
It isn't gambling if you have a PROVEN FORMULAâ¢.
Not only to day traders but all traders and investors. Only one failure of big brokerage house will wipe out customer accounts as high as millions in number and as high as trillions in dollars. SIPC? I wonder how many fires it can put out. It just needs one collapse of a huge firm to bring down the industry and SIPC to their knees in chain reactions. Don't blame day trading in case of such collapse. Look out more for crooks and manipulators like Enron and WorldCom.
Yeah, continue to play big. not only the market risks but non-market risks will take care of you.
Yeah, continue to play big. not only the market risks but non-market risks will take care of you.
Gee one day I will understand Daniel 
Well I think myself that just positive exhortation is not enough and that it doesn't serve the guy if it is for supporting some illusion. Nevertheless saying that this guy is an idiot is ok if one say that 80% of traders behave like idiots on market, in fact from time to time everybody acts like an idiot and it is too late you have to undergo the consequences.
Well I think myself that just positive exhortation is not enough and that it doesn't serve the guy if it is for supporting some illusion. Nevertheless saying that this guy is an idiot is ok if one say that 80% of traders behave like idiots on market, in fact from time to time everybody acts like an idiot and it is too late you have to undergo the consequences.
The problem starts when those advertisements exhort how you too can make big money and either get rich quick or make a comfortable living.
The question which needs to be asked is "please show me your statements, ALL of them".
How many people ask that question, let alone receive the answer ?
The US is so trigger happy going to court that it amazes me that no-one has actually tried to recoup their losses in court claiming to have been misled.
Where is (your) Consumer Affairs Department (or whatever it is called) protecting the insuspecting albeit gullible public ?
I have attacked conmen before and all that happens is that the very people who got sucked in in the first place spring to the defence of the guru.
I guess it is just too hard a fact to face that they were misled and that there is no guru. Is the reason that it is just too hard to give up one's dreams ?
freealways
The question which needs to be asked is "please show me your statements, ALL of them".
How many people ask that question, let alone receive the answer ?
The US is so trigger happy going to court that it amazes me that no-one has actually tried to recoup their losses in court claiming to have been misled.
Where is (your) Consumer Affairs Department (or whatever it is called) protecting the insuspecting albeit gullible public ?
I have attacked conmen before and all that happens is that the very people who got sucked in in the first place spring to the defence of the guru.
I guess it is just too hard a fact to face that they were misled and that there is no guru. Is the reason that it is just too hard to give up one's dreams ?
freealways