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Strategies & Market Trends : NEW Discussions of trading sites -- Ignore unavailable to you. Want to Upgrade?

To: Patricia who wrote (23)	5/24/2001 9:17:06 PM
From: Jorj X Mckie	Read Replies (3) \| Respond to of 424

I don't know...looking at the reaction from those who you would think would be most concerned, it appears that they are not. The most interesting thing about this to me is that the "for pay" thing isn't really what is in question (as far as I can tell). Though it is a tidy sum in some cases, whodathunk that it was the commissions that they were after. It almost makes A@P's question of how much money comes from trading vs. subscriptions, moot. Heck, a couple of years ago I paid something like $40K in commissions and I have never been a daytrader (I am actually not doing a lot of short term stuff anymore). I saw a message yesterday that stated that long term could be from a half hour to as much as one trading session. On the other hand, your local grocery store will do a lot to get you to come into the store ($2.00 for a 12-pack of Pepsi!!!) in the hopes that you will spend more money while you are there. Outside of any legal definitions, is this necessarily a bad thing when applied to securities? People know what the subscription fee is and they know what their commissions are going to be, Does it matter if a trading site puts out a 12-pack of Pepsi for $2.00 to suck people in so that they can make even bigger bucks on the commissions? This is kinda my devil's advocate post, I do think it matters, but I don't think that individuals can shrug off their responsibility about losing money just because a trading site isn't being totally ethical. If they know that it is going to cost them $X for the service and $XX for the commissions, than they certainly have some culpability. My main bitch about the sitch is when the "pay for play" gurus come to the message boards and set up shop. I may go into my reasons for why I have a problem with this later. I don't know that this is