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Pastimes : Daytrading and Stock Trading Addiction -- Ignore unavailable to you. Want to Upgrade?

To: marie fouchia who wrote (318)	6/3/1999 2:09:00 PM
From: kaz	Respond to of 330

Hi Marie, I sympathize with your situation, but if everyone who sustained consistently heavy losses sued their broker, there'd be no brokers left. Most people lose their money (some faster than others). That's not the brokers' fault. Brokers do have some safety procedures in place, like screening applicants and giving margin calls. But overall, it is your responsibility to trade with money you can afford to lose. If you didn't know that you were risking your partner's money, it sounds to me that you were not on top of the situation as you should have been. There may, however, be certain circumstances in your particular case that would allow negligence on the part of your broker (those commercials showing a kid with a yacht, or a woman on a plane being thanked by a head of state for bailing out his country truly are coercive and misleading). And, given the trend towards blaming everyone else for our mistakes, it's probably just a matter of time before brokers, like bartenders, become liable for our over-indulgences. Good luck getting back on your feet. Paul Kaz

To: marie fouchia who wrote (318)	6/3/1999 4:32:00 PM
From: Stefan	Respond to of 330

If you would made millions instead of incurring loses, would you feel that you have a duty to share the proceeds of your trading with any one? You must be over 18 to trade thus you are an adult and only you should be responsible for your actions. If you can not control yourself then get a shrink to help you with that. Quit wining and looking for ways to blame someone else since no one else but you are responsible for your actions. Try to learn from this experience and don't do this again. I am sick and tired of people who don't take responsibility for their actions.

To: marie fouchia who wrote (318)	6/3/1999 8:32:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 330

Marie, brokers are in the business of placing orders and making a profit on the commissions and whatever they can pull in between the bid & ask. This is a shirt and tie bookie system, nothing more or less. You are an adult and have been given all the disclaimers and have signed off on them, you are responsible. That given, i believe that in the coming bear market (out of this madness) we will see brokerages get pummeled with law suits by overtraders and stockbroker.com will be treated like Philip Morris in the market place. possibly a way to get even is to short some brokerage stocks -g- bb

To: marie fouchia who wrote (318)	6/12/1999 4:56:00 PM
From: john o	Respond to of 330

Let's see. 1) You bought 10,000 shares of a $2 penny stock. It went to $1. You sold. or 2) You bought 25 shares of a $400 internet stock. It went to $200. You sold. I would suggest you dollar cost average into a mutual fund. When you rebuild your savings, buy several conservative stocks and hold them for ten years. This is an expensive lesson many of us learn. Its like starting a small business. Many of them fail due to inexperience and getting in over our heads. Take the lumps and move on.