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To: CountofMoneyCristo who wrote (1358)7/2/2003 7:50:55 PM
From: Patricia  Respond to of 3143
 
I applaud you for what you are doing and I am sure others do also.

People should not be taken advantage of because of their ignorance of the stock market.

Most folks that I know of in my real world who have stocks have no idea how dirty the playing field is except what they read in the paper or see on TV.



To: CountofMoneyCristo who wrote (1358)7/2/2003 9:26:02 PM
From: Dave O.  Read Replies (3) | Respond to of 3143
 
< I would say that traders who went into actual offices are different altogether >

Not true. I traded at a retail office and later decided to trade remote from my home. We were not a prop trading shop. We were no different than people like you other than we all congregated at an office.

< Some people cannot grasp these claims, do not want to or have an agenda. >

If the above is directed at me I can only say I do understand the claims and I have no agenda. I will say that in my opinion you seem to want to deal with only "selected" events/facts. That's not meant to be an inflammatory statement; rather just my opinion based on your choosing at times to not reply to questions posed.

And with that I'll disappear for good ... dissenting opinions and/or facts are obviously "wrong" to post on this thread it seems, no matter how factual they might be. And no, I won't be baited back to reply to anything ... if you choose to read what I've posted over the past week or so you'll understand.

Have a good 4th of July weekend.



To: CountofMoneyCristo who wrote (1358)7/3/2003 4:07:08 PM
From: Jon Tara  Read Replies (1) | Respond to of 3143
 
Count, I think you misunderstand proprietary trading:

"they were not trading their own money, they were trading the firm's money."

While that may be true in some cases, I do not think it is true in the majority of cases.

In order to trade with a proprietary trading firm, you make a capital contribution to the LLC, becoming a member. While, technically, you are trading the "firm's" money, you are, in fact, only allowed to trade a proportion of the firm's money, based on your capital contribution.

You are able to take advantage of greater margin.