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

To: Devin McBeth who wrote (6325)	1/30/1999 1:23:00 PM
From: TraderAlan	Respond to of 12617

Devin, Stats may be the wrong word. I think my info is probably better than stats. It comes from speaking privately with some of those on the inside. And remember we're just talking about very short term trading. There's much easier money to be made in a 2 week to 2 month hold than flipping day to day. I can't imagine a broker publishing statistics on trader turnover as there are so many variables. But some of this information will forced to the public the next few years. Lawsuits targeting inaccurate claims will yield court-ordered discovery of broker business records. But to defend the brokers, I think lure of big money is far more a product of media hype than than anything the brokers have done. Their designated role is middleman. They shouldn't have to hold anyone's hand. Alan