Gerald:
BTW, I'm one of those unworthy E*Trade peons that you seem to look down on. I conduct probably four or five stock/option trades a month on average in my E*Trade account (I do have other accounts). If I'm unworthy compared to you, what makes you worthy compared to an even bigger trader? Why should you get a shot?
I never said anything of the kind. I said because I am an Etrade stock holder, it would seem reasonable for them to do what they can to keep the accounts that generate the most revenue. These are the accounts that trade more, and also the accounts that hold large cash balances. As I believe in Etrade as a company, I want them to keep the best accounts. Seeing platinum users post about how they are "moving on" because they did not get IPO's and that sort of thing bothers me. I could care less if someone with one trade a year that did not get an IPO "moves on" because frankly there is no comparison between him and the other guy. It all comes down to making money, and I want Etrade to make as much as possible.
Nothing makes me "worthy" compared to an even bigger trader. Nothing. If I trade 500 times a year, and he trades 1000, then I would have no problem with him getting twice the chance I had at an IPO. Absolutely none. In fact, I would be the first to say that is fair.
The only other option is to continue with the current system, or go to a completely random lottery system which treats a guy that has never traded with Etrade the same as the guy that traded 2,000 times a year.
If that is more "fair" to you, then what else can I say? |
