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You must be joking, I made a lot more money when all the stupid money was taking the other side of my trades. Oh man were those the easy days or what, I'd have them come back and take the other side of my trades anytime they like if it were up to me. But in the end you do feel bad for them...

So if the unregulated firm tells you the money is in your account, but is actually using the money for daily office strippers and Ferraris, it is ok because that is their business? And whose business is it when they spend it all and close up shop telling you "Sorry, what we told you was BS, we...

EXACTLY! And since our leaders only do something about things in the news, that's why they passed the Series 7 rule then. Just like now that we are dealing with the aftermath of a real estate bubble, soon we will have a whole ton of new laws related to mortgage brokers, banks, and the like...

Read it again, I did not say I think Don is happy about the Series 7 requirement, I said I think he'll agree that since it has been around though the general quality of the people joining Bright has gone up since there is now a mental hurdle involved. I agree with you, if they did away with...

Did you post this before reading my one above it about 1999 or do you feel my essay on the subject did not fully address it?

Paying the $500 to the exchange each year means that the firm has to then disclose their leverage daily to the exchange, has to file monthly capital reports with exchange examiners, is subject to two regulatory audits a year, among other things. (I do my homework) Hmmmm, that versus saving...

Agree 100%. And many prop firms will let you try with $10K if you ask nicely enough, although you will probably have severe limitations on your leverage as they will want to make sure you don't smoke through any of their capital. I wrote on essay just now in another thread on the benefits of...

Meant to quote this one, read my above post about 1999.

Not sure if you were around in '99, but I was, and I remember when they passed the Series 7 rule. At the time everyone and their mother started daytrading, I mean some serious losers, and thousands of people that had no clue of what they were doing were walking into firms that gave leverage...

Bright is a REGISTERED broker/dealer, Tuco was not. It's really that simple. There are laws in this country that if you want to handle/invest the public's money you have to tell the SEC you exist and open your books for random inspection to make sure you are not a ponzi or some other scheme...

Actually, 60% of the time Statistical analysis is right everytime! :)

I can tell you this, I will be the 100,000th member. I already have 'Mr. 100K' cued up and ready to send right when I see it hit 99,999 members. That will be my new name, the movie rights will also be for sale for $100K. :D

I like eating Mexican food, so what I need are Butane Credit Offsets. :D

Start on this page of the Bright thread and you'll see where this thread got revived again: http://www.elitetrader.com/vb/showthread.php?s=&threadid=121562&perpage=6&pagenumber=28 Some traders have said many years back they took a profitable strategy to Bright to later have it taught in...

It's basically a toy, I can't see anyway it could every work for trading which is why no one has responded. It does not use Windows, it runs on a proprietray Linux compilation, the only trading you can do on it is web entry from some retail brokerage, and even that will be slooooow. You need...

Wow, if you are doing that well after only 5 months you are doing great! I've seen a lot of guys come and go and many of them can't last as long as you did. You are waaaay ahead of the curve, you just don't know it. The name of the game is discipline and consistency, both of which you seem...

LOLOLOLOLOL! :D :D That is probably one of the funniest lines on ET! And yet so true! :D

If you guys are talking about position trading at IB or something, then it is tough. My retirement accounts suck balls and I measure in the low % per month also. But if you doubt that someone can make 1% a day then you have never seen the inside of a prop office like a Bright or Echo...

I don't want to say either Bright or Echo is good/bad, in my opinion they both have a lot to offer and the main thing about both of them is they are not a Tuco-type situation waiting to happen. For me the main thing is making sure I don't have the nightmare situation of waking up to a...

Check your hard drive status light when you are trading, if it is constantly flashing or always on then yes will help. If it is a program running mostly in memory and that light barely moves, then no. Totally depends on how the programmers of your trading software decided to do it, some...