Why some government advisors don't like day traders
- Thread starter buzzy2
- Start date
Quote from buzzy2:
I am beginning to understand where the pattern day trading rule came from.
Now these academics want a tax on securities transactions, in other words higher commisions...
Check this PDF out.
http://w4.stern.nyu.edu/finance/docs/pdfs/Seminars/051f-saar.pdf
I am not qualified to make a long critique of this theory but it sounds like saying that anyone not trading according to their fundamental theories must be banned. These guys must grow up and accept that unfortunately markets don't work the way they think. Never did, never will.
Hope there are politicians out there who have faith on liberty and free markets and oppose these proposals. [/QUOTE
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Daytrading rule came about because the same private sector reason commercial banks dont want to loan you 25 or $30 dollars for 1 day.SEC merely rubber stamped that.
It's all the daytraders' fault, lol.
Good thread, from the citizen of the United State of American.
We are the investor's and traders of our country.
We all use technical and fundamental analysis, you know,the
things we all learn in collage to make our market call's today.
What other way is there. You could use lie's/cheating/stealing/ and fundamental analysis. They use the latter because of lack
of technical analysis with fundamentals.
Out of collage some of us became stock broker's,
some became private investor, some became stock and
commodity trader's and some day traders.
All of us American Citizen are what this Stock Market is all about and it's not... the sec, market makers or specialists. This group
have a job to do and that is to service ' All" of us who are investors. Period. The SEC should be protecting us the investor
from market makers and specialists, and throw in mutual fund management who control American Citizen 401k account's.
They should at all time, keep the integrity of the Markets.
Keeping on this thread, let me mention what happen to me
last week in a mutual fund my wife and I have thru work.
(You all know how bad mutual funds are from work) Some
one mention the PDT DayTrading rule's. Is something going
on here that where not suppose to know. Listen to this to
this one.
This mutual fund name is, MFS Investment Management I
think out of Boston Mass.
For 10y in this fund you could rebalances your investments
on a end of day plan. Not to bad.
Notice on there web-site Apr 1, 2005, we will have a New Plan
as of this date. The new plan is for your protect (the same MO
as all government and corporation's lie to us about) to help
you from losing. really really really. Since when did this
start.
The new plan now is, Only Two Trade's per quarter. Now that
is going to save me a whole lottttttaaaa cash. Right!!
Now you see why they don't like daytrader's. DayTrading
is just too SAFE!!!!!!!!!!!!!!!!!!!!!!!!
It's just to hard for them to get your MONEY.
That's Why they are always looking to change the rule's
and the Law to go after your money.
The government and corporation's are after you money
and will do anything, and I mean lie, cheat, steal, and
fundamental analysis as mention in this thread. That
why they like you to follow what the fundamental are
saying. The Fundamental is a bunch of BULLSHIT.
What a crime.
That's why there knocking technical analysis. It's not
under there control. They will break all the Law's
on the book's to gain total control. They will have too
break them all. I'll be watching.
The reason the market is not reaching "informational efficiency"
is b/c the fundamentals is and they know it , alot of shit.
perrsan
Don't Be Afraid
pope john paul 2nd
We are the investor's and traders of our country.
We all use technical and fundamental analysis, you know,the
things we all learn in collage to make our market call's today.
What other way is there. You could use lie's/cheating/stealing/ and fundamental analysis. They use the latter because of lack
of technical analysis with fundamentals.
Out of collage some of us became stock broker's,
some became private investor, some became stock and
commodity trader's and some day traders.
All of us American Citizen are what this Stock Market is all about and it's not... the sec, market makers or specialists. This group
have a job to do and that is to service ' All" of us who are investors. Period. The SEC should be protecting us the investor
from market makers and specialists, and throw in mutual fund management who control American Citizen 401k account's.
They should at all time, keep the integrity of the Markets.
Keeping on this thread, let me mention what happen to me
last week in a mutual fund my wife and I have thru work.
(You all know how bad mutual funds are from work) Some
one mention the PDT DayTrading rule's. Is something going
on here that where not suppose to know. Listen to this to
this one.
This mutual fund name is, MFS Investment Management I
think out of Boston Mass.
For 10y in this fund you could rebalances your investments
on a end of day plan. Not to bad.
Notice on there web-site Apr 1, 2005, we will have a New Plan
as of this date. The new plan is for your protect (the same MO
as all government and corporation's lie to us about) to help
you from losing. really really really. Since when did this
start.
The new plan now is, Only Two Trade's per quarter. Now that
is going to save me a whole lottttttaaaa cash. Right!!
Now you see why they don't like daytrader's. DayTrading
is just too SAFE!!!!!!!!!!!!!!!!!!!!!!!!
It's just to hard for them to get your MONEY.
That's Why they are always looking to change the rule's
and the Law to go after your money.
The government and corporation's are after you money
and will do anything, and I mean lie, cheat, steal, and
fundamental analysis as mention in this thread. That
why they like you to follow what the fundamental are
saying. The Fundamental is a bunch of BULLSHIT.
What a crime.
That's why there knocking technical analysis. It's not
under there control. They will break all the Law's
on the book's to gain total control. They will have too
break them all. I'll be watching.
The reason the market is not reaching "informational efficiency"
is b/c the fundamentals is and they know it , alot of shit.
perrsan
Don't Be Afraid
pope john paul 2nd
Lol, I got a good kick out of this post. After decyphering, I pretty much agree with you. I have mutual funds thru fidelity at work that I've been putting about 20K/year into. But the performance of ANY option is dismal, like, maybe 5% per year. So, I've been taking "loans" from my 401k, tax-free and trading, then paying back interest to myself, tax-free. Beautiful. Technically the loans are supposed to be for "emergency" reasons, but they don't check, it's all automated withdrawwl and deposit. Hooray for loopholes!