Today I read a news article from our trading partner Doc Severson at Trading Concepts about a proposed Securities and Exchange Commission rule that could boost trading costs.
Here’s the deal:
Due to market instability, the SEC wants to require all trading venues – exchanges, automated trading systems and dark pools – to submit alternative plans for operations in case of a system breakdown. In its proposal, the SEC said estimated initial costs could be as high $242 million, with another $191 million in annual costs.
So, if approved, who will these added fees eventually fall on?
Yep, you guessed it . You and I ... the traders.
Remember how Doc Severson’s first training video showed you what government involvement is doing to the market?
Well, as you can see, more regulations just keep lining up. Just about every big player in the trading world has been affected. Again, if you’re using strategies that worked in the past and now aren’t seeing the profits you want, your lack of success isn’t all your fault. You simply need to adjust your approach to accommodate today’s market.
Try Doc’s Fractal Energy Trading for Weekly Options program for the next 30 days.
Believe me, you’ll be happy you did.
See you in the markets,
Ray C. Parrish
aka the Crude Oil Trader
Make sure to get our free eBook "Understanding Options"....Just Click Here!