http://marginmadness.wordpress.com/
http://marginmadness.wordpress.com/2013/04/04/financial-minefield-dancing/
TDA is a master of marketration. All of the fancy graphics/bells and whistles on their TOS dashboard are heinously well adapted to make one feel savy and in control. Yet you are just a click away from potential disaster. Bloomberg was the first company to incorporate color graphics on their proprietary trading platform, making Reuters trading platform seem obsolete because their system was still formulate in DOSS âviaâ the green screen. The data feeds were identical. Bloombergâs system just looked better and in tern, sold better. His company built a better financial mouse trap, but it was not sold to the general public, big difference, and for good reason. Financial institutions are able to sustain massive losses via âerror accounts,â offset taxes etc. The regular Joe Schmuck 6-pack like myself is not. The sheer ethical reasoning to allow anyone to gain access to these platforms should be reviewed, especially margin for the masses. People are not corporations, they work for or own them, or so they say.
In my case, many things went wrong. TDAâs glitch in 2011 crashed my computer, leaving me with no access to my screens, while my positions ran out of control. The account continued to spiral downward while on hold with TDA, madness. My financial well being was literally wiped out in a flash. Yet I had no idea at the time. Itâs a lot like being in an explosion and waking up in a hospital.
The fact is system problems happen all the time, but they are rectified internally. Public clients of companies like TDA, have no idea of these âglitchesâ, unless itâs a major one like the âflash crash.â I know because Iâd have to work with the IT department if our proprietary system âfell down.â Yet another âlayer of flavorâ to sugar coat their candy to the masses, while they are put on hold. In the institutional realm, these problems are addressed âon the hop.â
TDA will say âthatâs the breaks,â and deny, deny, deny any involvement in your crisis. But they did load the gun, light the fuse, and run away from the marketing exploitation ponzi theyâve maticulously sculpted through incessant marketing. Pray tell if you dare question their motives. Or theyâll unleash their corporate army of attorneys whose business is to protect the hive.
Successful con artists carefully mark out their prey. All of the angles are taken into consideration, prior to implementation. Leaving the mark/customer/client feeling assured they are in good hands. Hustlers use âconfidence men.â Companies like TDA use financial consultants to take you out to lunch, call you with nice things to say, anything for the account.
Or shit, bypass the cheesy sales prick, open a self directed/destruction account, and become a âtrade assassin,â like the guy on TV. This will leave the investment âfraudâ house legally untouchable if a problem arises, right ? Proper investment planning is so easy, even a baby can do it. A bit cheekey, yet highly effective from a marketing perspective. All while financial companies reap endless trading commissions.
A simple penney tax on financial commission, if ethically allotted to aid our present economies burdens would go a long way towards offsetting the federal deficit, but that might help level the playing field. Take into consideration the global financial trading playground, the metastisation of greed is mind bottling to the rudamentary investorâs knowledge of how seriously it is rigged.
An example of how the government tried to curb global hedge funds was to legally force them the flatten their book daily so the fund couldnât then trade the left over cash on different exchanges globally based on futures rigging. They could magically correctly make bets based on the different time zones. What was really going on was traders were simply calling their trading desk in the next time zone, and placing the trade according to how the market was predicted based on the âspooâs â or other futureâs derivative.
Magic, nope, just read any article about the LIBOR Ponzi scheme. The wizards simply predicted the future because the trader in the next time zone already knew. Genious. Almost as good as arbitrage/garbage trades, where two traders pre-arange trades of two different commodities/securities, and still profit from the commission, even if the buy/seller of the financial property wins or looses, pretty cool hugh. Some say financial firm have liscenses to print money?
Thereâs the long con, retirement planning, and the short con, day trading. In both cases the house wins. 30 year historical valuations reveal no actual gain in some financially planned accounts after taking into consideration the almost daily panic plays based on faux media hyped weather reports that the financial sky is falling for profit.
The key to be successful is a combination of long, mid, and short base, all bracket wrapped etc., balance, discipline, and luck. If you can create an effective HFT algorithmic model, you might even get investigated if your profitable. Or create a sector basket. There really is no formula/valuation when money technically means nothing, especially in the toxic derivative marketplace where credit default swapping causes economic tsunamis for profit at the expense of your home.
A master fixer/firm/hustler can make the mark/client feel as if itâs their fault things turned out bad. Thatâs the art if the back end of a con. Real art has no intrinsic value, ask any legitimate starving artist.
Cheaters justice. Deuchebag traders love to refer to âthe streetâ like their from it. Back in the day you may be able to come up. But most of these fuck tards are simply trustafarians living off of predicated wealth, posing âas if.â In the movie âBreaking Awayaking
What you donât know, can hurt you. Ignorance isnât bliss, and education is dangerous for the elite. The realization youâve just been taken advantage of becomes crystal while youâre signing up for food stamps. Every second there after is the study of âwhat ifâ while your simply trying to hang on, a nice slap of reality for mark. Itâs been going on since the dawn if time. When a cave man found out if he chucks a rock and knocks the other guy out, he can take the other guys stuff. But these days itâs a bit out of control, and the rocks more prevalent.
TDA can hide behind the corporate veil. Their loose and bogus contracts are simply nooses for clients. Much like South Parkâs rendition of the âHuman Centapeede.â But on the real streets there is cheaters justice. Something TDA feverishly tries to avoid through endless litigation, hoping you give up from the financial strain from their evil gain. People like this who have never earned an honest dime have devoted their lives to waste time (in court), creating nothing tangible. They fancy themselves as rockstars, yet play no instrument prodigously, or with feeling. I always thought it was a bit suspect that E-Trade sponsored a Rolling Stones tour, but Mick Jagger was an economics major.
I once worked briefly at a financial cuntsoltant company and felt horrible cold calling innocent people, trying to sell lemons off a FINRA car lot. It was similar to when a group of snotty rich kids wanted a refund for thevcaranted a refund doryhexae they oughyvanced communication capabilities fueled by modern technological advancement , these social economic pitfalls are all driven by corporate survival, divide and conquer etc.e to the scene where frat bratsvtried to het a refundpasnât born with an ethical bi-pass, but I was born with a double hernia, maybe thatâs why I have a high thresh hold for pain. Along with a plastic, rather than silver spoon. The point is the financial industry is truly a countyclub, and I the piss boy. One boss referred to the general public as âpeasants,â no joke. I once had to walk back to a deli to redo his sandwich because it had the wrong mustard, and the Italian dressing was not on the side. Humility and compassion are characteristics of genuine leaders. Not the contrary exhibited by âpoxy brats.â
In the movie, âBreaking Away,â some rich college kids tried to return their car because didnât work. His son ended up refunding it, though it practically killed his dad . It showed how Ma &Pa businesses needeevery buck in the real world . His sons nievity cost his dad money. The rich seemed to get all off the breaks, until he relized he was a cutter kid, and won herrch kids on a level/oval track at the y being himself.
OI will try to metamorphically reiderate the haphazards of the modern financial minefield purposely created by companies like TDA. Hopefully it may prevent someone frtom thinking they can swim in TDAâs digital shark tank .
