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Comment for Proposed Rule 75 FR 3281

  • From: Scarlett Miller
    Organization(s):

    Comment No: 2766
    Date: 1/22/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-02766
    From:
    Sent:
    To:
    Subject:
    Scarlett Miller
    Friday, January 22, 2010 2:55 PM
    secretary
    Regulation of Retail Forex
    This is a bastion of entrepreneurism for folks to learn and excel and take a shot to better their
    circumstances.
    It is a supremely American idea and heroes emerge .... folks that are going to boring jobs that they despise
    can make 20-50K a year with small accounts and become sovereign, not necessarily wealthy.
    I hear all of this nonsense about the dangers of leverage and the high commissions (spreads) and I don't
    understand it.
    I just know that ifI take a $2 trade and the day runs for 80-100 pips, I have banked what a guy
    daydreaming in most cubicles makes. I also know that ifI put in a 30 pip stop, I lose 30 bucks or 60
    bucks or 300 bucks but it is risk that I have decided on.
    It has always been safe for me. I've never blown an account. I have always made back the money I have
    lost, I've had an amazing journey of inner and outter knowledge for which I am still hungry.
    It has been my exercise in spiritual and financial autonomy that hurts no one and I have spent countless
    hours pouring over my first love which is these charts.
    I'll be goddamned if these pin heads will take it from me. Say no to 10 to 1!