Quote from T-Bone Trader:
If you're truly a good trader, you can beat the bucketshops - more money to be made
Livermore lost all his money in the regulated exchange BUT made all his money in the bucketshops
The exchange is a crock! Bucketshops are the way to make real money!
livermore lived long time ago, talk is easy
beating bucketshops is next to impossible, these guys today are not stupid, they control the dealing desk and price feed
you don't control nothing