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

To: Mark Davis who wrote (3780)	9/11/1999 2:11:00 PM
From: Dave O.	Read Replies (2) \| Respond to of 18137

< but charging folks $5000 for some basic intro to trading, and , what is it, $25 a ticket, is a bit much. > No argument here. I skipped it as I'd been trading for a few years. Those I know who took the training didn't feel it was worth the money. But they also got the money refunded through discounted commissions. I think it was a $2 or $3 rebate per trade so it would take a while to get the entire tuition refunded in full. I'd bet many don't survive that long to get it all back. And yes, at $25 they are on the expensive side. I'm in the proces of switching to MB or Watley as I've moved cross country and will trade remotely. All Tech wouldn't budge on requiring 200 trades per month to get data feed fees waived so they lost a customer. Now one could infer that this implies they want you to trade more actively. I don't ... thus, the choice to move where I only need make 50 trades a month. < 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 > In the end you can't control the behavior and decisions of people. I suspect that the more one loses the more they try to make it up quickly ... taking more risk (rather than less risk) and desperately trying for the home run, perhaps playing the internets. What could they do to "police" the destructive beahvior? Tell those who lose "x" dollars that they can't trade any more. Heck, they probably then sue the day trading firms claiming they were deprived of making a living, even if they'd lost since day 1. Dave