April 27, 2009
I am a small investor. I have less than 80,000 dollars in the stock market on any given day. Through my own successes and failures in the market I have unmistakenly learned that day trading and short selling are absolutely essential for me to maintain and grow my personal wealth in the market. Please I beg you as a small investor, who now receives over half of his income from the stock market (because of this financial crisis and subsequent slowdown at my job in the hospitality industry), do not make this crisis a catastrophy for me and others who share my situation. Do not restrict short selling, the trading of leveraged etfs, or any other leveraged financial product bull or bear. Think about it, the "big boys" can acheive triple leveraged short positions any time they want. They can afford it: I cannot. The "big boys" can afford and navigate complicated options trading, this is a dangerous path for small investors to be forced on. The "big boys" have been able to generate substantial returns in the market for decades because they have the capital, the research abilities, the insider insights, and the sophisticated financial savvy to cleverly acheive almost any sort of position and hedge that they can think of. All I have is my life savings that I could lose at any moment if I cannot hedge and quickly change positions utilizing bull and bear positions using leverage, CNBC, and the internet. For the first time I am finally making good money and not losing it in the stock market. Jobs are not here, the economy is bad, I have a mortgage to pay, I do not want to be a drag on society I want to be a productive member and pay taxes. I beg you let me trade freely, the US market is the greatest ever created in the entire world, do not take away the ability of the "free market" in the "free world" to MOVE FREELY. My family and I have been Democrats our entire lives I recently changed my political affiliation to Republican because I fear the destruction, through overregulation of my best hope to acheive my American Dream, the US stock market. Please, I will probably come back to Democrat party just don't destroy me: do not destroy hope for the small investor, and I beg, I beg do not destroy the "free market" and the stock market it yearns to be free