Quote from PHOENIX TRADING:
1) Ponzi scheme, no I'm not a democrat but I do intend to trade as a business under an llc with "trader in securities " status with the IRS.
In order to meet that criteria I will not be able to work my current full time job so the first year or so will be pretty risky.
2) yeah right . I'm making light of all these journals who's title suggest a goal 300-1000% annual returns: then they proceed to blow-up. It's pretty damn funny to me: Successful Trading and Compounding - On Steroids,Building a live account - $1,000 to more than $3,000,000 in 30 years,2012: The Battle for Survival.
I expect to miss my mark described in my title by the same amount these fools do in theirs.
3) Now we see here how ignorant you are . With hollende winning the first round of elections in France, European markets took a nose dive my account was down 7% monday pre-early market. He has been favored to win or at least be a strong challenge to Sarkozy for months .
My mistake was to think his winning should be priced in already.
It's pretty certain to say you are ignorant of his(right or wrong) rhetoric on the campaign trail to basically trash the greek/spanish debt deals and austerity measures concerning the ongoing european debt crisis.