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Good opportunity for the old-timers who were daytrading in the 1990s to tell their stories of Datek, E*Trade, Ameritrade, Schwab, etc., failing during peak NASD
by sowbug 9y ago
Good opportunity for the old-timers who were daytrading in the 1990s to tell their stories of Datek, E*Trade, Ameritrade, Schwab, etc., failing during peak NASDAQ/NYSE markets.
You know who you are -- drinking coffee and staring at multiple monitors while in your boxer shorts at home. 6:29am Pacific, watching Ron Insana and Maria Bartiromo on CNBC...
This has all happened before. It will all happen again.
- stygiansonic 9y agoAs I’ve said before, watching cryptocurrency markets evolve is like watching the entire history of financial markets being replayed as painful lessons are relearned.
- CamelCaseName 9y agoIs there anywhere I can get a full rundown of the modern evolution of finance? I have a degree in it yet it all still send fragmented.
- sowbug 9y agoI don't have an answer for you, but Reminiscences of a Stock Operator is required reading for anyone interested in the history of securities markets. It's fictionalized autobiography of a legendary trader in the 1920s. It could have been written yesterday or a thousand years ago. https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884 https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Le...
- flycaliguy 9y agoMaybe Bitcoin was created by an A.I. to teach us all a lesson...