Traditional brokers/SEC conspiracy Message Board

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Non-Tech : Traditional brokers/SEC conspiracy

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To: Wiselight who wrote (24)	9/21/1999 10:55:00 PM
From: Dave Triplett	Read Replies (1) of 104

I'm two years into daytrading and had to learn the hard way that most all brokers are not there to help you but to help themselves. Most brokers sell order flow, therefore their loyalty must be first to the market makers who pay the brokers 1 to 3 cents a share for your order. Then the brokers soak you a commission on top of your poor fills. It all comes out of your pocket. The market makers make money The brokers make money The money must come from your pocket.

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