Earlier this year, we criticized E*Trade for their “it’s-so-easy-a-baby-can-do-it” rendering of trading. In our mind, it’s definitely misleading material- at best. But we weren’t the only ones who thought so…
CollegeHumor.com, known for their humorous videos and articles that rely on parody to get a laugh, put together a video called “E-Trade Baby Loses Everything.” The video showed another adorable tot, but in a move that more closely mirrors reality more often than not, the onesie-clad trader loses everything in a matter of moments… with hilarious consequences. The video ended with the jab, “E-Trade- You can’t take it back.”
We saw this a while back, got a kick out of it, and ultimately decided it didn’t necessarily warrant a blog post. However, the video has gotten new legs today as people have applied it to the blow-ups in Gold and Silver. We laughed as we watched it again, but what was even more amusing to us was learning that E*Trade tried to have the video removed for copyright infringement. Fortunately for viewers everywhere, it didn’t stick, as the video is still available for use (nor should it have- the courts have previously held that parody falls under fair use provisions of copyright law).
Sensitive, much? To borrow from Jack Nicholson in A Few Good Men, maybe they can’t handle the truth…
But for us- it’s just a more realistic representation of the likely outcome of trading on your own with no more experience than a toddler. Yes, the video is funny, but it should also remind us that trading stocks and futures can present a substantial risk of loss.
You can see the video here- but fair warning- don’t click if you can’t stomach a few 4-letter words: http://bit.ly/olHgrN
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.
Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.
Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.
Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.
Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.
RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.