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.

Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (1088)	8/5/1998 6:58:00 PM
From: Len	Read Replies (1) \| Respond to of 1729

Suggestion... if you aren't sure about the book, buy it at Barnes/Noble or Borders. Not only can you sit and peruse it there in comfort (assuming you have some time), they are extremely liberal with regards to refunds and exchanges. They will give you store credit virtually forever if the book looks new, even without a receipt. (Hint..do some of those lousy books need new homes?) At least that way, you aren't stuck with some of those lame ones (I've seen many of them). Also check out The Tao of Trading by Robert Koppel, if you haven't already. As for Bright, check out users.ap.net Hope that helps.

To: Dave who wrote (1088)	8/5/1998 7:45:00 PM
From: Rick Slemmer	Respond to of 1729

Dave: Be careful with places like Bright that let you trade their capital. Check them for any of these conditions: 1. Taxes. If you trade their stuff, you'll probably be classed as an "independent contractor" and thus eligible for the higher tax bracket and all sorts of withholding. This turned me off immediately when I was approached by a San Diego firm that offers a similar deal to what you describe. Thank goodness I thought to ask. 2. Your "escrow" money (c. $25,000) may be charged to cover 100% of your trading losses, but you get to keep less than 100% for your gains. Doesn't sound like a level playing field to me, even without taking commissions and exchange fees into consideration. 3. Given the inherent disadvantages, I wonder why good traders would stay with them for any length of time. The bad traders (or even good traders who have a run of bad luck or don't learn fast enough) shoulder all of the risk, lose their $25K, and move on to other pursuits. Check 'em out carefully, and ask to speak with several of the traders already in house. And don't just talk to the best traders. You want a consensus opinion. Good luck! RS