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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Night Trader who wrote (94359)	2/4/2002 9:24:40 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

MK, Brokers have much to answer for, but it sounds like this guy did it totally to himself. He took the brokers' advice on one issue out of many, didn't ask his advice about how to manage the trade, and then did a stupid overbet with an online outfit. I would shudder to think that anyone would bet all their money on my long call recommendation on a certain Houston energy trading co. Of course, if they use Schwab, to heck with them. <VBG> I still believe that it is not the stock or option picks that break people, but their money management discipline. Most simply have none. And that applies to many pro managers, too.