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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (47823)	9/26/2003 5:17:31 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 57110

i was just reading that on another thread, challo...still thinking about the implications

To: Challo Jeregy who wrote (47823)	9/26/2003 5:52:45 PM
From: AugustWest	Read Replies (1) \| Respond to of 57110

I saw the writing on the wall back when switched over to decimalization. that, IMO has cost me a small fortune annually. No more scalping 1000 shares for 1/8 or 1/4 and making decent money consistently. Nope. Now I work twice, three times as hard for much smaller gains. they say it was to make the markets more comprehendible to the people who can't conceive money in fractions Well, that may be partially true But I don't believe for one moment it was also intended to curtain, in part, day trading. Than the 25K rule was another move. As the article claims, who are they tell me what I can or can't do with my money. If the 25K rule was in effect back when I started trading stocks, I'd never be where I am today. I started with $10,000. <font size=4>What it all comes down to, IMO</font> Is they want people to leave their money in the markets for the long, long, long haul! Regardless if you are losing money or not. Because "...as history shows us, stocks almost always go up in the long term..." Call me nutzzzo or what ever, but it sure smells like there are some people who know this house of cards is getting ready to collapse And if they can make rules to keep J6P in the game and not "allowed" to take their money out on a day or a swing trade, then they can in effect slow the pace of a crash(and maybe prevent it) and if that fails than it gives the rats time to jump the ship! Wouldn't surprise me to see in the future(assuming these rules become LAW them change things to where you can only buy or sell a security after you've held it for a quarter or something really freaking trippy! Ho ho ho! Long live the great game. Now I have to fly. Thanks for putting those out there Challo. I almost made a clean get away<GGGG> Have a good weekend :)