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


To: CountofMoneyCristo who wrote (2211)7/24/2003 8:37:08 PM
From: TheStockStalker  Read Replies (1) | Respond to of 3143
 
I'm amazed. We have someone here blasting some things but agreeing with that. Maybe we're making progress

I have always felt the same way. I had already made that clear. It is other attitudes and opinions about trading as well a presentation and style around here that I have taking exception with.

TS



To: CountofMoneyCristo who wrote (2211)7/24/2003 9:03:14 PM
From: Yogizuna  Respond to of 3143
 
>>> 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. <<<

Yes, a "few selected trades" is far better than constantly churning the account IMO. I scan a lot of stocks and indices, but try not to make more than approximately 400 trades per year, and am happiest now with about 250 trades per year.



To: CountofMoneyCristo who wrote (2211)7/24/2003 10:46:34 PM
From: Jon Tara  Respond to of 3143
 
"Schwab made a big mistake saying we were all sophisticated. In fact, that's not even remotely true."

Every broker is required to ask you certain questions when you apply for an account, to determine your experience.

How did you answer those questions?

(I know, "no comment".)

Were you truthful when you answered those questions?