Recent content by GGSAE

Hey Don, sorry haven't been to this site in awhile...I always wondered why Bright never discussed/advocated selling options in pairs for income? Was it considered to be redundant in the spread relationship? All the best -

Right, I forget to mention draws...as Don pointed out....make no mistake about it, I don't think a single trader in Bright likes this 80/20 shit!

Yup end of year. If it was month by month I'd probably shut my account down right now, lol! If it gets to the point only profitable traders r left....and for guys that don't make money get the boot.....well there's the new biz model! :)

You can use EOD esignal for i think only 25/30 a month, and there's some okay free intraday charts out there (for those that aren't actively trading that much).

Contrary to the prevailing sentiment here, Bright is working hard to making those that aren't making money, profitable.

I agree with you to some extent Eric but for the most part it's not that simple. For the first few months of 2008 I was in a group of remote traders (between 5-10) where my results were far and above everyone else's - I didn't know this at the time until several months later. The head trader...

It's not really taking the best strategies, all that's going on is using some of the software tools to people that may not have had access to them before. There's more communication, yes, but for a lot of the experienced traders they already had their own groups/colleagues they were in contact...

This stems from FINRA, so it's reasonable to assume GS won't be the only clearing firm affected.

Okay are you retarded, I can't believe i'm replying to this jibberish...the class B and JVC (call it A), are completely independent from eachother. Obviously bright wants to have the trader trade the B while in jvc so that they can earn income from commissions and haircuts, etc., but the point...

It doesn't, but how is that any different than a small trader at anyother firm that doesn't last?

Where did you get this 5k from? You have an account (of the firm's money) with a downside limit that if the account is hit, it's closed down (unless you choose to refund it on your own) but you're not on the hook for it. If you make 10k you get half, it resets at zero, different downside...

Ahaha that's funny, 20% off the each trade, what an accounting nightmare! You guys are missing the point, this is about how the fundamental shifts in trading are affecting the viability of running a prop shop, the 20% spilt has nothing to do with it, there's lots of ways to work with...

Because both share volumes and profitability are down.

Go long stock in farming apparel?

Ask him how he'll feel if he loses all his cash he used for trading instead of paying off creditors?