Don't Steal Money From Day Traders Before They Lose It

https://www.bloomberg.com/view/arti...al-money-from-day-traders-before-they-lose-it

 

best OP post of the day.

 

Isn't this close to what these CFD, FX, Spread Betting "brokers" do. Taking the other side of their clients trades, so they can keep it all

Entertaining post btw

 

Most fx brokers are doing it and they are not charged.

 

This is super-dooper...
I should have talked about this before (joking of course!!).

 

I don't see the problem with being a bucket shop so long as the bucket shop keeps enough money to pay up to the winners. Casinos are required to keep enough cash on hand to pay out the potential and rare winner, bucket shops should be able to do the same.

 

if you are thinking about quitting your day time to become a comedian, don't even consider it.

 

but the bucket shops should clearly state that they are pocketing the loss, not deceiving new traders to make them think they are real broker.

 

that was funny....sometimes I feel that even my broker, that is also market maker on the options I trade, is doing the same...

 

Sure. I have long wondered if some of the futures brokers that take small accounts are part time bucket shops.