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Politics : View from the Center and Left
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To: KyrosL who wrote (125717)11/27/2009 5:58:11 PM
From: Night Trader  Read Replies (1) of 542653
 
The number I've heard bandied about is 1/2 a % round trip which is not insignificant. On a $10k trade for example I would pay five times more to the government than my broker, on a $20k trade that would be ten times as much. I hardly see how this would be "great for investors and most traders". Personally I'm at a stage where I no longer need to trade so much but for someone with less capital it would be devastating. But my number one reason for opposing it is Jim Cramer is in favor - need I say more?

thestreet.com
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