Daytrading and Stock Trading Addiction Message Board

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Pastimes : Daytrading and Stock Trading Addiction

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To: marie fouchia who wrote (318)	6/3/1999 2:09:00 PM
From: kaz	of 330

Hi Marie, I sympathize with your situation, but if everyone who sustained consistently heavy losses sued their broker, there'd be no brokers left. Most people lose their money (some faster than others). That's not the brokers' fault. Brokers do have some safety procedures in place, like screening applicants and giving margin calls. But overall, it is your responsibility to trade with money you can afford to lose. If you didn't know that you were risking your partner's money, it sounds to me that you were not on top of the situation as you should have been. There may, however, be certain circumstances in your particular case that would allow negligence on the part of your broker (those commercials showing a kid with a yacht, or a woman on a plane being thanked by a head of state for bailing out his country truly are coercive and misleading). And, given the trend towards blaming everyone else for our mistakes, it's probably just a matter of time before brokers, like bartenders, become liable for our over-indulgences. Good luck getting back on your feet. Paul Kaz

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