Quote from Vinny Gigante:
is huckster defined as consistently making money for people? B/c that's what shortboy seemed to do, consistently make money every year from 1999.
did he?
in 2002, a year which saw a mammoth sell off, vinnyboy.com managed to make a whopping $3965...
but wait...
any professional trader.. that is, anyone who takes their trading seriously... would have to factor the costs of trading into the profit equation also.
so let's take a look at those:
ISP: $30/month -- $360/year
Datafeed/Charting: $150/month -- $1800/year
Shortboy's Service: $20/month ?? (a ripoff even at that) - $240/year
total: $2400
taking our net profit down to: $1565
but wait!
of that $3965, $1695 came from interest!
so from actual trading, which is what you're paying shortboy for, you would've actually turned in a loss!
