It will come, as traders interfere with the smooth cyclical flow of the market, big players want to cull that X factor, and they will. We will have to watch and adapt. I have a strong secondary skill so I am under less pressure, I do get where you are going with this.
Here are the links i have created to help newbies and amateur traders/gamblers: Gambler vs Trader http://www.elitetrader.com/vb/showthread.php?s=&threadid=215740 Why do people believe day trading will get them rich quick? http://www.elitetrader.com/vb/showthread.php?s=&threadid=212679&perpage=6&pagenumber=1 A list of all scam unregulated 3rd party educational vendors http://www.elitetrader.com/vb/showthread.php?threadid=212110 Hope this help
More than 90% of small traders lose trading in the stock, futures, FX, and etf markets. They just lose!
There may be a 1/4% tax...who knows? They've been talking about it for years. That being said, Last week, I was happy to see a guy like Bill Ackman on CNBC touting the need for shorter-term traders because they provide the liquidity that funds of his size need to exit and enter positions. If the big money needs the small money in order to move fluidly, I'm sure they're going to make a note of that to Washington before the gov't preemptively creates such damaging legislation.
blew up 3 six figure accounts? lol what a moron you can cope, oh i mean your friend can cope via hard liquor, frequent visits to strip clubs, maybe a new hobby, buy a dog - maybe several dogs, or ive seen a few traders stroke their egos on youtube video blogs