Comment Text:
i0-001
COMMENT
CL-01888
From:
Sent:
To:
Subject:
David Sligar
Thursday, January 21, 2010 2:29 PM
secretary
Comment on proposed rule
changes
Dear CFTC --
By limiting leverage to 10: land preventing stop loss orders placed at
trade initiation, and by preventing hedging orders, you are not
protecting the great majority of individual Forex traders like myself.
There are very few Forex traders so unsophisticated as to systematically
misuse hedging, for instance, and I would propose that concurrent stop
loss orders are not only protective for all traders, but mandatory for
any trader with even the smallest portion of prudence.
If these rules are put into place or left in place, we individual
traders, who have taken responsibility for our own successes and
failures in the market, will simply go to offshore brokers where such
constraints do not exist. Please bear this in mind during your
deliberations.
Sincerely, David Sligar, Flagstaff
