Comment Text:
i0-001
COMMENT
CL-03719
From:
Sent:
To:
Cc:
Subject:
richard weilnau
Monday, January 25, 2010 7:46 AM
secretary
[email protected]
RE: proposed restrictions
Thanks for your reply allow me to supply you with a brief overview of my investing oveer 25years. for
the first ten years i bought stocks such as ibm and general electric these stocks did well but i missed
stellar gains that where happening in the dot com era. So yes i too jumped on the dot com bus and i did
make some money and when it was all said and done i lost some money but i made more than i lost.
This taught me a lesson in investing 101 the market can retrace and quite harshly i might add. This is
when i taught myself about option trading with the help of a couple of optionetics classes. I too made
money at this but i was at the mercy of the market makers the folks that had to take the other side of my
trade several times i would want to exit a trade for a profit and they would not take trade even at market
or slightly below market. I soon got disgusted with this and entered forex trading this is a fast moving
and very liquid market that offers several levels of leverage. Personally theres many days that i trade
micro lots 10to 1 leveerage but when the market is trending i trade 100 to 1 if you know anything about
market dynamics its all about probabilities and money management. If your trying to protect the general
public from themselves your going to handicap the rest of us that have paid the price to educate
ourselves. Theres a place for people to educate themselves away from the talking heads like Cramer and
Cnbc its Wizetrade Tv take a minute and google it if you want socailism just keep implementing
programs to cripple success minded folks that want more than government handouts. Again I would
welecome the oppurtunity to talk personally with someone from your office about this pending bill
Sincerely Richard
--- On Fri, 1/22/10, secretary
wrote:
From: secretary
Subj ect: RE: proposed restrictions
To: "richard weilnau"
Date: Friday, January 22, 2010, 4:45 PM
Your submission has been received by the Commodity Futures Trading Commission. Please be advised
that this acknowledgement does not constitute either Commission approval of the subject proposal or a
determination that the proposal is consistent with the Act and the regulations thereunder.
l=rom: richard weilnau [mailto:[email protected]]
Sent:
Thursday, January 21, 2010 9:18 PM
To:
secretary
Subject: proposed restrictions
As usual the government is sticking its nose in things it doesnt understand if the us innacts
legislation to limit margin in forex trading it will just send us to trade with foreign based forexi0-001
COMMENT
CL-03719
trading companies this will mean that these revenues will go abroad. I personally want to be
contacted with what your agency plans to do and when so i can start researching foregin based
forex companies my phone number is 864-710-5700 Richard Weilnau
