Comment for Proposed Rule 75 FR 3281
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From:
Sean Tubridy
Organization(s):
Comment No:
1662
Date:
1/21/2010
Comment Text:
i0-001
COIMMENT
CL-01662
From:
Sent:
To:
Subject:
Sean Tubridy
Thursday, January 21, 2010 9:27 AM
secretary
Proposed Changees to Leverage for Retail Customers
I do not feel that leverage increases risk for retail traders simply that retail traders who don't take risk
management into account will always fail in the long run, whether it be at 1:1 or 100:1. I feel it is
important that retail traders be allowed to trade with lower margins in so called micro and mini accounts
so that they might learn these lessons cheaply. I started trading Forex at 100:1 leverage but have honed
my skills trading mini accounts with as much as 400:1 leverage, I learned not to trade too big based on
$50 equity and have transfered those lessons into trading larger positions.
