Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dave O. who wrote (3777)	9/11/1999 12:49:00 PM
From: Mark Davis	Read Replies (1) \| Respond to of 18137

I give Harvey all the credit in the world for 'discovering' and capitalizing on an opportunity years ago. I imagine that SOES trading with almost no competition and no downtick rule for short sales must have been orgasmic. He seems to have decided a long time ago, that it's better to be the house, and thereby make a sure buck. Fine and dandy, but charging folks $5000 for some basic intro to trading, and , what is it, $25 a ticket, is a bit much. Free enterprise it may be, but since the daytrading houses candy-coat the difficulty of the game, they should also bear responsibility for policing the self-destructive behavior of their customers. No one likes to hear that, but that's what I think. As an extreme example, a drug dealer could claim that their 'clients' are responsible for their own actions, and they only supply the demand. I don't know how often a trader is 'closed down' before they bounce a check or tap out, but methinks it doesn't happen all that much , and it should. Yes, I know, you can't tell people what to do with their own money. But, if the daytrading industry is intent on creating monsters, then the least they can do is institute some damage control where needed. PS When will the press finally get that online gambling is and has been legal and in full swing for years?