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Pastimes : Brokerage-Chat Site Securities Fraud: A Lawsuit -- Ignore unavailable to you. Want to Upgrade?

To: TheStockStalker who wrote (2204)	7/24/2003 5:54:48 PM
From: Jon Tara	Read Replies (1) \| Respond to of 3143

In fact, most advisory services do NOT recommend that you put on every trade that they suggest, but to use their picks as a universe from which to choose your own trades.

To: TheStockStalker who wrote (2204)	7/24/2003 6:07:43 PM
From: CountofMoneyCristo	Read Replies (3) \| Respond to of 3143

Like I have said, if the Count can prove that the picks were made and based on nothing more than motive to generate a commish rebate for themselves.... Then let them burn and thanks for doing it do them. I'm amazed. We have someone here blasting some things but agreeing with that. Maybe we're making progress. Before that, you say why take all calls or even try to? We were paying for them, and advised to do so. Schwab made a big mistake saying we were all sophisticated. In fact, that's not even remotely true. Some learned after they lost - like I did when I began at TP, and started to see exactly the garbage they were pulling, and then it was too late. So many things going on at TP I think you would have had a tough time differentiating between calls, except the ones they pounded repeatedly, but then you only knew that after 5 calls, so you could not "cherry pick," as Yogi said. All you could do was exit and then enter, exit and then enter. I know some professionals here, or those who years of experience before 98, may feel disgusted with what you see as appalling inexperience and rank ignorance, but that is precisely why we went there. And the brokers sent us there. You might have some more patience for what happened. yes, I have now learned a great deal about the markets, and would be willing to pit my strategies against the best of them. BUT, when I started, that was a totally different story. Mostly, I learned about what trades should be recommended by learning about this gigantic fraud and then realizing the opposite must be the way to trade. And it is: a few selected trades, not many. But that is not what they taught or advised. They were advising non-stop scalping, which is next-to-impossible, and idiotic with stocks rocketing 20 sticks a day. You don't tell first-time golfers to play Pebble from the back tees. But in effect that's what they did, knowing that slice would land their traders in the Pacific every time. Maybe that's part of the misperception here: now I sound like an expert, and I have learned a great deal. But back then, at TP, I certainly was not at all, like thousands of others.