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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: agent99 who wrote (5426)	10/8/1998 5:31:00 PM
From: Mark Davis	Read Replies (3) \| Respond to of 12617

Daytrading (SOES) room operators know exactly what they're doing , and always have. They provide an OTB (off track betting) shop for stocks, where some good players make money, and many more lose their shirts, while the house makes it's cut from all. The real money is made on handle, churn, volume, new blood , and not from the performance of the players. A veneer of wanting to help everyone make money is required if only to stave off NASDAQ regulators and lawsuits. How about those hefty $1500-5000 charges for 'classes'. Houtkin should be ashamed. Maybe he is, but soothes it by looking at the bank account. Seem harsh? The truth always does. Interestingly, the NASDAQ ruling against * HEDGE * accounts, that allowed players to sell downticks, predates these failures by only a few weeks. I don't know if there's any correlation, but it is something to think about.