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@chollida1 , you should write a book; help drive Michael Lewis' point home. In my last project for a brokerage system, I developed features for day traders. Wha
by manishsharan 10y ago
@chollida1 , you should write a book; help drive Michael Lewis' point home. In my last project for a brokerage system, I developed features for day traders. What was most surprising to me how much money the brokerage system generated for the bank regardless of the outcomes for the day traders.
- jdmichal 10y agoWith commissions per trade, brokerages love day traders. The more activity, the more money they make. They hate people that buy a stock with 3% dividend yield and don't touch it for 10 years.
- manishsharan 10y agoIts not just the trades that generate fees; the application enables you to borrow money with a click of button ( kind of like how they place ATMs near slot machines). The trader pays a borrowing fees plus interest.
- TheOtherHobbes 10y ago"Be the farm, not the livestock."
- infinite8s 10y agoOr sell the shovels, don't dig for gold.